Top 5 Companies Which Have Seen Price Erosion On A YTD Basis

In this article, we take a look at companies that have seen the highest price erosion on a YTD basis. We have selected only those companies with a market capitalisation between Rs 250 crore and Rs 1000 crore. Let us take a look at which these are.

Financial Technlogies (India): Promoted by Jignesh Shah, this company has hit the headlines for some wrong reasons. With the debacle of the National Spot Exchange (NSEL), shares of the companies promoted by Jignesh Shah have nosedived on the exchanges. Financial Technologies was no exception to this. The stock prices of the company have declined by 84.30% on a YTD basis. Its latest market capitalisation figures stand at Rs 806.06 crore.

Opto Circuits: This stock caters to one of the niche segments in the healthcare sector. The medical devices that the company provides are needed for almost all operations and day-to-day activities in healthcare. With a strategy of growth through acquisition, the company has come a long way. In the past few quarters, however, it has faced some issues with regard to its cash flows, following which investors have shied away from the stock. The stock price of the company has declined by 78.68% on a YTD basis, and its market capitalisation stands at Rs 537.95 crore.

Simplex Infrastructures: With the slowdown in the infrastructure sector, almost all the companies therein have remained a strict ‘no flying zone’ for investors. This company is no exception to the trend. The company has secured the third position in our analysis as far as the decline in stock prices is concerned. On a YTD basis, the stock prices of the company has declined by 64.50% and the market capitalisation stands at Rs 336.01 crore.

Man Industries (India): This company is also affected by the slowdown in the infrastructure sector. It is engaged in manufacturing and exporting large diameter carbon steel line pipes for various high pressure transmission applications for gas, crude oil, petrochemical products and potable water. The other prime reason for the decline in its stock price is the consecutive decline in its bottomline over the past four consecutive quarters. On a YTD basis, the scrip has lost 63.98%. The latest market capitalisation stands at Rs 329.28 crore.

IVRCL: Once a blue-eyed boy in the country’s real estate sector, IVRCL has seen a severe decline in its stock prices. This year too, the stock has not seen any sort of appreciation as far as its stock prices are concerned. On a YTD basis, the stock prices have declined by 63.62%, and its latest market capitalisation stands at Rs 419.23 crore.