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2 Adani Group firms among 5 BSE500 stocks that lost over 20% this week


NEW DELHI: The week gone by was dominated by the bears, with many stocks witnessing relentless selling pressure in all five sessions, thanks to a less-than-expected fall in US inflation print and higher than expected surge in April inflation numbers back home. There were not many surprises in corporate earnings that could revive sentiment.

The BSE Sensex ended the week at 52,793.62, down 2,041.96 points or 3.72 per cent. A total of 26 of 30 index stocks ended lower for the week.

The NSE Nifty50 tanked 629.10 points or 3.83 per cent for the week to 15,782.15. A total of 43 index stocks fell for the week.



The broader market represented by BSE500 ended flat on Friday, and yet it ended up as the worst hit index, falling 1,083.33 points or 4.81 per cent for the week to 21,458.89.

A total of 447 index stocks fell and only 53 could end higher.

In the BSE500 pack, 97 stocks fell in double digits. Among them, 18 saw a fall of 15 per cent or more for the week. Five stocks, including two Adani Group scrips, fell over 20 per cent for the week.

The worst fall was seen in , which nosedived 24.95 per cent this week to Rs 118.35 apiece. This Rakesh Jhunjhunwala-owned stock reported a loss of Rs 44.62 crore for the March quarter.
sank 24.4 per cent for the week to Rs 2,171.70. With this, it is no longer among the top 10 companies on BSE in terms of market capitalisation.

Shares of

plunged 23.57 per cent to Rs 156.90. This is after the Brookfield-backed company said preliminary findings of consultancy firm EY have found deviations in the loan approval, foreclosure and restructuring in the company’s commercial vehicle loan accounts.

GNFC plummeted 22.52 per cent to Rs 618.80.

lost 21.42 per cent to Rs 2,215.75. The discom player recently reported a 7.6 per cent YoY fall in its consolidated net profit for the March quarter at Rs 237 crore.

Indiabulls Housing Finance,

, , Vedanta, Hatsun Agro Product, JSW Energy, , , CSB Bank, and were some of the stocks, which fell 15-20 per cent for the week.

Stocks such as

, , BEML, Tata Steel, and (Maharashtra) declined 14-15 per cent.



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