Bajaj Finserv, Tata Comm, Info Edge and some L&T Group companies among worst losers in the market crash

Jan 25, 2022

By: Bhakti Makwana

Performance of Indian equity markets

Indian benchmark indices Sensex and Nifty 50 have slipped about 6 percent in the last five days of market meltdown.

Credit: BCCL

Market meltdown in last few days

Sectors such as metal, information technology, realty and pharmaceuticals witnessed huge sell-off in the last few days. Sectors such as metal, information technology, realty and pharmaceuticals witnessed huge sell-off in the last few days.

Credit: BCCL

Here are 10 stocks that lost their share value significantly in the 5 days, falling up to 23 percent.

Credit: BCCL

Indiamart Intermesh

The ecommerce platform slipped sharply as investors were disappointed with the declining profitability of the company. Net profits fell 12 percent year-on-year to ₹70.2 crore in the December 2021 quarter.

Credit: BCCL

Info Edge

Meanwhile, Info Edge slipped significantly after its invested companies —online food aggregator Zomato and online insurance distributor PolicyBazaar — saw huge sell-off since listing.

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Deepak Nitrite

The chemical manufacturing company’s stock is under pressure as its margin in the December quarter was impacted due to high input costs. It is facing a challenging operating environment due to high raw material prices because of heightened utility costs including power and fuel.

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L&T Technology Services

Investors are selling the company’s stock after its December quarter earnings were not that great. Its sequential constant currency revenue growth stood at 4.2 percent, below analysts’ estimates of 5-5.2 percent.

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Godrej Properties

The Mumbai-based real estate company is struggling in line with the entire industry that is in a weak trend amid the market sell off. The sector expects an increase in limits for deductions of interest and expanding definition of affordable housing from the union budget.

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Tata Communications

Investors are selling the Tata Group company’s stock after its net profit fell 7.1 percent sequentially to ₹395 crore in October to December months.

Credit: BCCL

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