12 Stocks Down Over 50% from Their Yearly High: Are You Holding Any?
Over the past year, the Indian equity markets have witnessed an impressive rally. The benchmark Nifty50 surged roughly 11%, while the broader Nifty500 climbed around 9%. Many investors have ridden this momentum, as both indices hover near their yearly highs, reflecting optimism and resilience in the market.
However, amid this rally, a contrasting story emerges—one that demands attention. Not all stocks have shared in the market’s exuberance. Today, our analysis focuses on 12 Nifty500 stocks that have seen steep corrections, each falling more than 50% from their yearly highs. (Data Source: ACE Equity)
Aditya Birla Fashion and Retail
The stock has dropped around 76%, falling to Rs 78 from its 52-week high of Rs 325.
Tejas Networks
The stock has declined by approximately 64%, reaching Rs 512 from its 52-week peak of Rs 1,403.
SKF India
The stock has fallen roughly 62%, currently at Rs 1,976 from its 52-week high of Rs 5,210.
Praj Industries
The stock has decreased by about 61%, down to Rs 341 from its 52-week top of Rs 875.
Siemens
The stock has dropped nearly 60%, now trading at Rs 3,212 from its 52-week high of Rs 8,036.
Vedant Fashions
The stock has fallen around 59%, at Rs 618 compared to its 52-week high of Rs 1,512.
OLA Electric Mobility
The stock has declined approximately 59%, slipping to Rs 42 from its 52-week peak of Rs 103.
Reliance Infrastructure
The stock has dropped about 58%, down to Rs 179 from its 52-week high of Rs 423.
These significant declines in stock prices raise concerns for investors who might be holding these stocks. It's crucial to understand the underlying factors causing these corrections and to reassess investment strategies. While market volatility is a common phenomenon, such sharp corrections can indicate deeper issues within the companies or broader economic challenges.
Investors are advised to stay informed and consult financial advisors to make well-informed decisions. The Indian market's resilience and the overall positive trend suggest that there are still opportunities for growth, but it's essential to be cautious and selective in choosing investments.
In conclusion, while the broader market continues to perform well, it's important to be aware of the underperformers and to manage your portfolio accordingly. Keep a close eye on market trends and company-specific news to make the best investment decisions.
