Smallcap stocks are plunging like a falling knife. Nine of every 10 stocks in the 860-member BSE Smallcap index are currently trading in the red.
As many as 57 of them have lost 50-90 per cent of value from their January highs while 268 others have lost over 30 per cent. The sharp fall in this pack has caught small investors off guard. Retail investors usually tend to like these stocks for their low prices.
