8 Stocks To Have Fallen Upto 83% From 52-week Highs

Though the Sensex and the Nifty are closer to 59,000 points, there are many stocks that have been badly battered. In fact, select midcap and small cap stocks have lost heavy ground over the last few quarters. Here are 8 stocks to have fallen upto 80% from highs.

When we say upto 80%, it means that the maximum is 80% and some other stocks could have fallen slightly lower from those levels.

Please note, that this list is exhaustive and we could have missed many stocks. Among the top losers seem to have been the Adani Group stocks which have taken a massive beating over the last one-month. Most investors know what has happened to these group of stocks.

Meanwhile, the markets fell for eight straight days as global weakness continued. "Weakness continued to persist on global as well as domestic fronts led by worry over prolonged interest rate cycle. Nifty opened on a flat note and witnessed continued selling pressure throughout the day to close with loss of 89 points at 17304 levels. Sectorally it was mixed bag with Realty being top gainer - up more than 1%. Markets are continuously witnessing selling pressure on back of global uncertainty, consistent FIIs selling and central banks around the world being hawkish to tame rigid inflation. Nifty ended Feb with a loss of 2% - its 3rd consecutive month of decline. Overall cautiousness is likely to remain ahead of key macro data," says Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

Disclaimer

Please note, that the stocks mentioned above are for informational purposes only and should not be construed as a buy or sell recommendation. Neither the author, nor Greynium Information Technologies Pvt Ltd would be responsible for losses based on the above article. Markets have turned volatile so please be careful before taking positions.