5 Pvt, PSU Stocks Just Got Cheaper, Fall Up To 59.68 % From 52-Week High Levels

Five stocks witnessed sharp decline in last few months. These stocks are Paytm, Zee Entertainment Enterprises Ltd, Navin Fluorine, Bandhan Bank, and IRFC. Check details below:

1. Paytm Shares Tank 58%: Last trading price of One 97 Communications Ltd share on BSE is Rs 402.50 apiece. The 52-week high price of Paytm stock on BSE is Rs 998.30 per share and 52-week low price is Rs 318.35 per share, respectively. The stock fell 59.68% from its 52-week high price so far. The company has a market capitalisation of Rs 25,575.40 crore. The decline came in Paytm shares because investors continue to remain worried despite Vijay Shekhar Sharma's resignation as part-time non-executive chairman and board member at Paytm Payments Bank. One 97 Communications shares have been falling ever since RBI crackdown on Payment Payments Bank on January 31.

2. Zee Entertainment Enterprises Ltd Shares Decline: Last trading price of Zee Entertainment shares on BSE is Rs 142.45 per share with intraday gain of 0.89%. The 52-week high price of Zee Entertainment share is Rs 299.50/share and 52-week low price is Rs 138.35/share, respectively. Zee stock fell 52.44% from its 52-week high price so far. The market capitalisation is Rs 13,682 crore. Zee shares declined as a result of $241 million accounting problems and the failed merger with Sony. Sebi investigation into Zee founders divulged that $241 million might have been diverted from the company.

3. Navin Fluorine Shares Crack 37%: Last trading price of Navin Fluorine shares on BSE is Rs 3093.60 per share with intraday rally of 0.38%. The 52-week high price of Navin Fluorine shares on BSE is Rs 4922.00 per share and 52-week low price is Rs 2900.20 per share, respectively. The market capitalisation is Rs 15,337.57 crore. Navin Fluorine Ltd shares slipped 37.15% from 52-week high levels till date. Several factors were responsible for the decline in the stock that included that resignation of Radhesh R Welling from the post of managing director and a director and the company posted weaker than expected Q3 results.

4. Bandhan Bank Shares Tank: Last trading price of Bandhan Bank shares on BSE is Rs 181.75 per share with intraday gain of 0.72%. The 52-week high price of Bandhan Bank shares on BSE is Rs 272.00/share and 52-week low price is Rs 173.45/share, respectively. The market cap of Bandhan Bank is Rs 29,278.44 crore. The stock declined 33.18% from 52-week high. Recent analysts raised concerns over the asset quality as Bandhan Bank declared gross slippages of 5.2% for the December quarter, which was similar to the earlier quarter.

5. IRFC Shares Witness Correction: Last trading price of PSU railway stock is Rs 140.95 per share with intraday gain of 4.21%. The 52-week high price of Indian Railway Finance Corporation Ltd shares on BSE is Rs 192.80 per share and 52-week low price is Rs 25.45 per share, respectively. The market cap of the railway firm is Rs 1,84,200.59 crore. The stock fell 26.89% from 52-week high price. The stock witnessed decline after the firm declared a 1.7% year-on-year (YoY) fall in its net profit to Rs 1,604 crore for the December quarter of FY24.

Disclaimer: The stock highlights the decline in shares is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.