A wave of profit-booking and weak risk sentiment dragged several mid- and small-cap counters lower on Friday, with Spectrum, Shyamcent, Banco India, and JP Power emerging as some of the biggest losers on the exchange. The session marked a clear shift in investor behaviour as traders pared exposure ahead of global cues.
Spectrum Tanks Over 11% Amid Heavy Volatility
Spectrum recorded the steepest decline of the day, slipping 11.02% to close at ₹1,159.90. The stock, which opened at ₹1,290.70 and swung sharply during the session, witnessed selling pressure despite no major corporate announcements. Analysts attribute the fall to profit-taking after recent gains in the broader mid-cap basket.
Shyamcent Drops Nearly 10% on High Volumes
Shares of Shyamcent were under significant pressure, falling 9.14% to ₹4.97. With more than 13 lakh shares traded, the counter saw unusually high activity. Market participants suggest that short-term traders exited positions amid a shift toward safer assets.
Banco India Slips 8.6% Despite Strong Previous Close
Auto components maker Banco India ended the session 8.66% lower at ₹707, reversing gains accumulated earlier in the week. The stock hit an intraday low of ₹703.20 even though the company has shown stable operational traction in recent months. The sell-off appears more sentiment-driven rather than fundamentals-led.
PWL and JP Power Extend Losses as Broader Market Weakens
PWL also featured among the top laggards, dropping 7.98% to settle at ₹130.60. The counter saw heavy turnover with more than 16 crore shares changing hands, signalling aggressive unwinding by traders.
In the power and infrastructure pack, JP Power lost 7.86%, ending at ₹19.94. While the stock remains a retail favourite, analysts warn that high volatility in low-priced counters makes them more vulnerable during market corrections.
Broader Market Outlook
Market experts note that the downturn in mid- and small-cap segments coincides with global uncertainty, rising yields, and muted institutional flows. While benchmark indices remain relatively steady, the undercurrent suggests selective caution from investors.
Analysts advise staying stock-specific and avoiding leveraged positions until clarity emerges from upcoming macroeconomic data releases.
