Top 5 BSE Mid-Cap Companies With The Highest YTD Decline

Since the start of the year, the BSE Mid-Cap index has witnessed a sharp decline as against equity market bellwether index Sensex. As compared to the Sensex, which had witnessed a decline of 3.67% since the start of the calendar year, the BSE Mid-Cap index has witnessed a decline of 12.40%. However, the aggregate numbers masks the actual fall witnessed in some of the stocks that are hammered out of shape. Here, we have presented the top 5 companies on the BSE Mid-Cap index that took the strongest negative impact.

Core Education & Technologies: The company is India’s largest global education company, with a presence across India, the US, 40 counties in the UK, Singapore, 9 countries in MEA, Hong Kong and 2 countries in the Caribbean. It enables the creation of a better future across the globe by providing transformational and innovative solutions for the entire education continuum including Pre-school, K-12, Vocational Education and Higher Education, to governments, schools and educational institutions.

On a YTD basis, the company has been battered by the investor fraternity and has witnessed a decline of 80.83%. It was rumoured that the pledged shares of the company have been sold in the open market by the creditors. The company later declined this, but the stock was battered badly and secures the top slot with respect to decline.

D B Realty: D B Realty was incorporated in 2007 and is based in Mumbai. The company engages in real estate development activities in India. It constructs residential buildings/commercial complexes, retail projects and other projects such as mass housing and cluster redevelopment.

In the last two months, the company has witnessed a fall of 54.92% as far as the share prices are concerned, which is far more than the decline seen in the BSE Mid-Cap index. The stock has secured the second place in our list.

Opto Circuits (India): Opto Circuits (India) is a medical device company, which designs, develops, manufactures, markets and distributes various medical products primarily in Asia, North America and Europe. The company offers medical equipment, which includes cardiac monitoring devices such as electrocardiograph systems, stress test systems and holter monitoring systems. The company also provides interventional devices like cardiac stents to prevent arteries from re-narrowing after an angioplasty, as well as catheters and disposables required in urology, gastroenterology and gynaecology.

On a YTD basis, the company has witnessed a decline of 52.30% in its share price. This is 4249 basis points more than the fall seen in the BSE Mid-Cap index.

Housing Development and Infrastructure: Housing Development and Infrastructure is engaged in the real estate development business in India. The company is involved in the development and construction of residential projects, such as apartment complexes, towers and townships, commercial projects, including office spaces and multiplex cinemas, retail projects comprising shopping malls, and infrastructure projects consisting of industrial parks, roads and pipelines activities. As of June 30, 2012, the company had total land reserves of 229.93 million square feet.

In the year 2013, the company has witnessed a decline of 47% which is 3457 basis points more than the decline witnessed by the BSE Mid-Cap index.

Welspun Corp: Welspun Corp engages in the manufacture and sale of steel pipes, plates and coils worldwide. The company offers submerged arc welded pipes, hot rolled steel plates and coils, as well as gas-based sponge iron for ship building, line pipes, wind power, offshore rigs and platforms. In addition, the company engages in the trading of steel products, coating of pipes, and oil & gas exploration.

This is the last company in our list that has witnessed a decline of 44.43%, which is much higher as compared to the fall in BSE Mid-Cap and the Sensex, which have fallen by 12.43% and 3.67% respectively in the same period.