SEBI and stock exchanges have included micro-small cap firms in their enhanced surveillance framework, prompting a large number of market stocks to suffer steep losses. The companies with a market capitalisation of less than Rs5 billion will be put under surveillance in a two-stage process.
Negative Breakout on April 17: 4 stocks cross below their 200 DMAs
In the NSE list of stocks with a market cap of over Rs 10,000 crore, four stocks’ close prices crossed below their 200 DMA (Daily