News for Vakrangee Limited (VAKRANGEE.BO)

The sharp correction in India’s small and midcap stocks has left many in a bind, waiting for a turnaround just to cut their losses. The worst crash since March 2020 has erased massive wealth, challenging long-held investment strategies.

India Business News: The stock market crash has severely impacted smallcap and midcap stocks, with significant losses for retail investors in February. The BSE Smallcap in

India's smallcap and midcap stocks have plunged significantly, marking the worst crash since the Covid market meltdown of March 2020. In February, the BSE Smallcap index fell 14%, while the Nifty Midcap 100 tumbled 10.8%. With valuations still high, key technical breakdowns, and earnings disappointments, further market turbulence is anticipated.

Indian equity markets ended February on a subdued note, with Nifty having its worst monthly crash since the pandemic. Smallcap stocks faced significant declines, while 25 out of 30 Sensex stocks delivered negative returns, with 12 experiencing double-digit losses. The IT sector saw the steepest fall amid concerns over a weakening US business environment.

Jai Corp Ltd, which lost 69 per cent of its market value till Thursday, fell another 4 per cent on Friday. Vakrangee, Best Agrolife, Zen Technologies and Quick Heal Technologies plunged 51-68 per cent during the same period.

Stocks including Bharti Airtel, Dr Reddy's Labs, BEL, Ultratech, Adani Green, Tata Power, SpiceJet, Waaree Energies and Coforge will be in the spotlight on Thursday, February 26.

The NSE Nifty index was trading 31.05 points up at 22976.35

The NSE Nifty index was trading 19.66 points down at 22939.85

The NSE Nifty index was trading 161.16 points down at 22768.1

The NSE Nifty index closed 102.16 points down at 22929.25

The NSE Nifty index was trading 31.75 points up at 23063.15

The NSE Nifty index closed 13.85 points down at 23031.4

Honasa Consumer, Salasar Techno Engineering, Vakrangee, Subex, Hardwyn India and Gensol Engineering are among 276 of 938 index constituents, which have fallen 75-80% from their 52-week highs levels.

The NSE Nifty index was trading 142.25 points up at 23187.5

Stocks including RIL, ICICI Bank, Adani Ports, Kotak Mahindra Bank, RITES, Tata Power, NPTC Green, Honasa, RailTel and more will be in the spotlight on Thursday, February 13.

The NSE Nifty index closed 178.36 points down at 23381.6

The NSE Nifty index was trading 15.36 points up at 23618.7

ONGC, ITC, Power Grid, SBI and BEL were among the top losers on NSE.

Pansari Developers, Supreme Holdings, Vimta Labs, Nandani Creation and Oil Country Tub, hit their fresh 52-week highs at 10:10AM.