6 mid stocks that lost more than 40 per cent in 2 months

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    In the past two months several mid cap stocks have halved and some reduced to even one fifth of their values. There's been a frightening erosion in shareholder wealth as in some cases the pledged shares have been sold by financiers. Take a look at some the stocks that have been hammered mercilessly.

    Aanjaneya Lifecare

    Aanjaneya Lifecare

    It probability cannot get worse than this. From levels of Rs 800 on Jan 24, the stock of Aanjaneya Lifecare is down to Rs 154, leaving poor investors high and dry. Reports are that the stock was hammered down as financiers unwound pledged shares in the company.  

    HDIL

    HDIL

    Mumbai's leading real estate developer Housing Development and Infrastructure Ltd (HDIL) has seen its stock come crashing from Rs 97 on Jan 24 to the current levels of Rs 45. An over leveraged balance sheet and recent down grade by a rating agency has put pressure in the stock.

     Mannapuram Finance

    Mannapuram Finance

    In just 5 trading days the Mannapuram stock crashed 31 per cent, due to revised downward guidance of profits. The stock has halved from levels of Rs 44 on January 24, to the current levels of Rs 22.

     Arshiya International

    Arshiya International

    A leading logistics player Arshiya International stock price has tumbled from a yearly high of Rs 122 to the current levels of Rs 22. Reports of sacking of employees and cash flow worries has left the company's stock in tatters.

    Sintex Industries

    Sintex Industries

    Sintex Industries is virtually synonymous with overhead water tanks. The stock of the company has crashed from Rs 85 on January 24 to the current levels of Rs 45.

     Delta Corp

    Delta Corp

    Delta Corp is another high beta stock that risen sharply when the market rises and drops in the same manner when the markets fall. The stock has fallen from a level of Rs 77 on Jan 24 to the current levels of Rs 47.

     

    Read more about: hdil manapuram finance
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more