8 Stocks That Have Fallen Upto 84% From Highs, Do You Own Them?

While indices have over the last few weeks being rallying sharply, there are select few stocks that have fallen steeply. This has led to some of the them dropping as much as 84% from highs. Here are a list of stocks that have dropped and have caused significant losses to investors. Please be informed that we are not recommending any buy, sell or hold on these stocks and just providing investors with information.

Markets may continue to trend higher

Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services states that optimism in global markets gave domestic indices a positive start.

"Nifty opened higher but gradually drifted into negative territory led by profit booking in index heavyweights. The index closed near the day's low with a loss of 52 points at 18130 levels. Except for Financials, all sectors ended in red. Indian markets were dragged as profit booking emerged in SBI and ITC despite posting strong results. These stocks had already seen up move in anticipation of better numbers. Nifty is struggling for the last 3 days and is finding hurdles at 18,300-18,400 zones. Markets are likely to remain consolidative and take cues from global developments. Overall, we remain positive on the market and view the current decline as buying opportunity," he stated.

Disclaimer

Please note, the article only highlights stocks that have fallen steeply from 52-week highs. This article should not be seen as a buy, sell or hold recommendation from our end. Greynium Information Technologies, the author and the brokerage firms are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.