5 Nifty Stocks That Were The Worst Performers In 2017-18

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    Indian markets ended the financial year 2017-18 with decent returns. However, there were select stocks from the Nifty that saw massive under performance. Guess what, once the bell weather pharma stocks were the worst hit. Take a look...

    Lupin

    Lupin, like most other peer companies was the worst performer from the Nifty. The stock closed 57 per cent lower than its price on April 1, 2017.

    5 Nifty Stocks That Were The Worst Performers In 2017-18
    The stock was last trading at Rs 736 on the NSE, down from a 52-week high of Rs 1486. Margins from the US business have been severely impacted, not to mention worries over the US FDA.

    Check stock quote of Lupin here

    Aurobindo Pharma

    This is another pharma stock that has been hit by squeeze in margins from the US business. The stock was down 37 per cent during the course of the financial year. Many analysts have a "buy" call on the stock and expect a recovery in the next couple of years.

    Check stock quote of Aurobindo here

    Tata Motors

    Surprisingly, Tata Motors figures in the list of laggards during FY 2017-18. The stock was also down near 37 percent. The fall was despite a sharp recovery in the domestic business of Tata Motors. Most analysts have a "buy" call on the stock as it has hit a new 52-week low.

    Check stock quote of Tata Motors here

    Sun Pharma

    Sun Pharma is another stock that dropped 38 per cent and was a poor performer in 2017-18. The reasons are almost the same like the two other pharma companies mentioned above.

    Check stock quote of Sun Pharma here

    Dr Reddy's Pharma

    Another pharma stock makes it to the list of pharma stocks that were laggards during the financial year. Fortunately, pharma stocks do not have a very high weightage in the index or we would have seen a solid collapse in the index.

    GoodReturns.in

    Read more about: nifty sensex aurobindo sun pharma
    Story first published: Saturday, March 31, 2018, 9:55 [IST]
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