Even because the benchmark equity indices currently trade round file highs, there are lots of stocks that caught investor fancy of their heyday but have on account that fell to nearly a 10th of their peak values. Mounting debt, rising defaults, and corrupt management practices have marred the chances of those shares, leading to losses for traders. Here are nine stocks that were investor darlings as soon as possible but have been inside the information for all the wrong reasons.
Reliance Infrastructure
Shares of Anil Ambani-led Reliance Infrastructure fell from an all-time high of Rs 2,486.05 in January 2008 to Rs 56.50 as of Monday’s close on BSE, implying a fall of 98 consistent with cent. The scrip has been in free fall ever since the auditors raised questions on the enterprise’s potential to remain in business. It additionally posted its biggest-ever loss on impairments for subsidiaries in Q4FY19.
Reliance Communications
Shares of another Anil Ambani business enterprise, Reliance Communications, declined from a record high of Rs 792.30 in January 2008 to Rs 1.25 as of Monday’s close on BSE, implying a fall of 99 percent. The inventory is underselling stress over debt issues across the organization and its peers.
DHFL
Dewan Housing Finance Corporation (DHFL) shares dropped from an all-time excessive of Rs 665.80 in November 2017 to Rs seventy-eight. 75 as of Monday’s close on BSE, implying a fall of 88 consistent with cent. The stock of mortgage financiers is below pressure after defaulting on debt payments for the past 12 months. Home-score businesses, such as Icra and Crisil, downgraded their inventory scores.
Jet Airways
Shares of Jet Airways dropped from an all-time excessive of Rs 1,340.70 to Rs seventy-three. 20 as of Monday’s close on BSE, implying a fall of ninety-four consistent with cent. The scrip is declining after the enterprise halted its operations due to the economic crisis, and the NCLT admitted it for insolvency complaints.
JP Power
Shares of Jaiprakash Power Ventures Ltd fell from a report excessive of Rs 137 on January 4, 2008, to Rs 2.04 as of Monday’s close on BSE, implying a fall of 98 percent. The shares had been under stress due to dismal economic overall performance and increased debt degrees.
PC Jeweller
Shares of PC Jeweller dipped from an all-time high of Rs 586. Forty-five on January 19 19, 2018, to Rs 49.Seventy-five as of Monday’s near on BSE, implying a fall of ninety-one in keeping with cent. The stocks are under pressure after the firm suggested a net loss for the fourth region of FY19 due to a loss in the commercial export enterprise. CRISIL and CARE Ratings revised their scores to the company’s financial institution loan centers and fixed deposit program.
IL&FS
Shares of IL&FS fell from an all-time high of Rs 358.45 on September 9 9, 2010, to Rs 2. Seventy-five as of Monday’s close on BSE, implying a fall of 99 percent. Debt default and liquidity disasters on the infrastructure and finance employer have put the shares under strain for some time.
J&K Bank
Shares of J&K Bank dropped from Rs 187.29 on May 23, 2014, to Rs 44 as of Monday’s near on BSE, implying a fall of seventy-five according to the cent. The agency is under strain after the Jammu and Kashmir government commenced investigations in opposition to the previous J&K Bank chairman on corruption allegations.
