5 Stocks That Fell 18% To 30% In 7-Days, Should You Buy?

Markets have been exceedingly volatile in the last 1-week, thanks to rising bond yields in the US as also the monetary policy in India announced by the RBI. Here are 5 stocks that dropped 18 to 30% in the last 7-days. Stove Kraft Ltd has had a bad week with the stock dropping as much as 30% in 7-days. One of the biggest reasons for the fall in the stock price of Stove Kraft was its quarterly numbers. The company reported a sharp drop in net profits Rs 11.1 crores from Rs 33 crores in the corresponding period of last year. That is a sharp drop of 66%.Rajendra Gandhi, Managing Director said, the quarter saw a tepid growth in revenue vis-à-vis last year. This was primarily driven by a higher base in FY20 since Diwali was in middle of November last year and consequently had a positive impact in third quarter of FY20. For this year, majority of the Diwali purchases occurred before 3rd quarter and as a result volumes were relatively muted when compared to last year, he noted.The stock of Stove Kraft was last trading at Rs 615.Advertisement This was another stock that has dropped in the last 7-days. The stock is down almost 27% in this time period. Again, one of the prime reasons for the drop in the share prices has been the quarterly numbers for the third quarter. Jubilant Industries saw its net profits drop 29.62% to Rs 5.18 crore in the quarter ended December 2021 as against Rs 7.36 crore during the previous quarter ended December 2020.Buy the stock when you see some consolidation happening. If it continues to fall, then the stock is best avoided.Jubilant Industries stock was last seen trading at Rs 513 on the NSE. This stock slumped almost 20% in a single trading session and is overall down about 28% in 7-days. One of the prime reasons for the drop again was the quarterly numbers. The company reported a net loss of Rs 34.57crores for the December 2021 quarter, as against a profit of Rs 31.74 crores for the previous corresponding quarter.Again, the losses came as a surprise to the markets and the stock of the company plunged. The stock of GE Power was last seen trading at Rs 179 on the NSE. Both these stocks are down about 18 to 30% in the last 7-days. Pharma stocks are having a tough time and we are seeing in this list of 5, as many as 3 are from the pharma space. Even stocks like Lupin reported quarterly numbers that were not too encouraging. Except a few most pharma stocks are languishing and we believe if numbers are bad, the pain would be more.Overall, we do not recommend buying any of the stocks, as numbers are a big disappointment in some cases. Markets are also exceedingly volatile and investors are ready to sell stocks that do not report good quarterly numbers. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article.