Unitech Crashes Over 50%, Suzlon Sinks 10%

Broader markets came under severe strain on Wednesday with some well-tracked stocks falling by more than 30 per cent in intraday trades. The BSE midcap index traded 1.6 per cent lower, while the small cap sub-index slumped nearly 2 per cent as compared to 1 per cent fall in the benchmark Sensex and Nifty indices.

Most of the companies under pressure are highly leveraged and have been out of favour for the last few years.

Here are some of the biggest losers in the broader BSE 500 universe (in order of volumes) 1) Unitech fell over 50 per cent to an intraday low of Rs 6.50. (Read what Unitech had to say) 2) Jaiprakash Associates also slumped 32 per cent to a low of Rs 11.15. 3) Suzlon traded 10 per cent lower, it hit a low of Rs 20.70. 4) Jaiprakash Power Ventures fell around 20 per cent to a low of Rs 5.31. 5) HDIL fell nearly 17 per cent to a low of Rs 86.50. 6) DLF, India's biggest realty firm, dropped over 9 per cent to a low of Rs 102.90. 7) GMR Infra: The stock slumped over 19 per cent to a low of Rs 10.91. 8) Adani Power was down nearly 19 per cent to a low of Rs 29.40. 9) Reliance Power fell nearly 20 per cent to a low of Rs 41.25. Another Anil Ambani-promoted firm Reliance Communications traded over 14 per cent lower at Rs 54.50. 10) Adani Ports and SEZ traded nearly 7 per cent lower at Rs 288.10.