RailTel Corp share price: The stock slumped 20 per cent to hit its lower price band of Rs 308.40. The counter saw heaving trading volumes today on BSE.
On 13th March, BSE Sensex opened higher at 73,993.40, went up by 325.44 points . At the same time, the NSE Nifty50 index opened in the green by 96.50 points at 22,432.20.
Certain pockets in mid and smallcaps appear to be experiencing a favorable reassessment, others seem to be displaying signs of irrational exuberance, said SEBI chairperson Madhabi Puri Buch on March 11.
Smallcap 250 index is trading at around 22 times EPS on 1-year forward basis, which is at 21 per cent premium to historical average and almost 50 per cent premium to valuations around March 2018 levels
Mid-and small-cap stocks in India faced significant declines, with Nifty Midcap 100 and Smallcap 100 indices dropping over 2%. PSU banking stocks also witnessing notable selling pressure. Nifty Media and Realty were among worst performers.