5 Stocks That Crashed In Trade This Week

Here are 5 stocks that crashed in trade this week. Some of these stocks on specific news, while some fell on selling pressure. Here are 5 stocks that dropped in trade. Shares in IndiaBulls Housing crashed 19 per cent on Thursday, after the company said that the Reserve Bank of India had not approved the proposed merger with Lakshmi Vilas Bank.Interestingly, the company has announced that the board will meet to consider a buyback of shares. Group companies too have already announced a buyback.It will not be a surprise to see some sought of recovery in the stock on Monday, following the buyback announcement. The management has reiterated its stand that it will continue to focus on growth and declare quarterly dividends as it has been doing in the past.Advertisement Shares in IndusInd Bank dived on Thursday, the same day the bank announced its quarterly numbers.The quarterly numbers declared by the bank were not bad at all, but, credit growth did slowdown. Most analysts were positive on the stock, as the shares have now hit a near 52-week low levels.No matter even if there is positive results, investors are just prepared to dump any and every stock.The bank it maybe recalled had merged with Bharat Financial Inclusion and the merged numbers were also stable.Gross bad loan ratio expanded to 2.19 percent from 2.15 percent in the previous quarter. Shares in TCS also reacted to its numbers on Friday, a day after declaring its numbers after market hours. On Thursday, the IT giant reported a 1.80 percent jump on a year-on-year basis in net profit at Rs 8,042 crore for the second quarter of the financial year 2019-20. The numbers reported were lower than street estimates, especially the margins.In fact, the margins of the company clearly disappointed the street. Credit Suisse maintained a neutral rating but cut its target price from Rs 2,070 to Rs 1,930 per share. The brokerage said that the company failed to recoup margin sequentially in Q2 after a wage hike in the first quarter and also said that despite being a high-quality franchise, it was not immune to an uncertain environment. This RBL bank shares took it on the chin on Friday, dropping as much as 9 per cent. There were no reasons for the selling pressure, but, it seems that investors maybe cautious for some reason ahead of the companys results.It would be interesting to see how the stock moves in the coming days. There may have been some investment led selling rather than pure speculative selling in the shares. The shares are now quoting at a trailing p/e of around 11 times, which may not be very expensive. Shares in Aurobindo Pharma came crashing down to a new 52-week low. The shares fell after the US FDS red flagged Aurobindos unit.Several lists of documents requested were either provided as incomplete, inaccurate, and/or explained with potentially misleading statements throughout the inspection, US FDA said in one of its observation in a Form 483 .While the companys clarifications led to some recovery later on Thursday, the shares dropped right back on Friday.There are banks where this is no growth rates and that there are banks where there is a good growth rates.GoodReturns.in