5 Stocks That Fell Between 42% To 23% In The Last 7-Days

Markets have been exceedingly volatile over the last few trading sessions. Here are a few stocks that have plunged between 42% to 23% in the last 7-days.

Stocks that fell in the last 7-days

Company name	7-day returns
Dhani Services	-42%
MK Exim	-23%
Tata Tele	-22.50%
Orient Green	-21.50%
Aegis Logistics	-21.50%

Dhani Services: Hit by fraudsters availing instant loans from the Dhani app.

Dhani Services stock has largely hit by a few instances where certain certain elements who have somehow gained access to other peoples' PAN and their credentials from credit bureaus have used these to take a loan through the Fintech operation on the App.

In a notice to the BSE, the company said that the modus operandi of these fraudsters has been to use fraudulently acquired/tampered KYC documents to avail credit facility thereby defrauding both, lending companies and unsuspecting citizens.

"While there are many cases of fraudsters taking advantage of people who mistakenly share credentials and OTPs of their own volition. We understand that similar issues have been reported for various other lending institutions also. DLSL have had checks to weed out such frauds however there are certain stray cases which have gone through by fabricating the documents. DLSL as a responsible corporate has taken additional measures to strengthen its control framework and is committed to take all further steps to fully eliminate such illegal acts by fraudsters since we also lose all our money owing to such illegal acts," the company has said.

The other stocks in the list have fallen on account of various other reasons, including corporate results, which have largely been poor.

Not to buy shares that have plunged

Out of the list of the above mentioned companies, we suggest that investors stay away from them. Any stock that falls sharply will definitely have some news in them. We have all along been telling investors to buy quality stocks. Avoid buying stocks that are having multibagger claims and so on. Buy into good quality stocks that have a long-standing track record of paying good dividends.

We have also been telling investors that the markets are volatile and to stay away. "While markets have seen a pullback - volatility is expected to remain high over the next few days. Market will be keeping a close watch on the ongoing Russia Ukraine conflict over the weekend for any further cues. For the near term, Thursday's low of 16200 may act as a strong support. While traders need to remain cautious of sharp volatility, Investors can use the current dip to gradually add quality blue chip companies in their portfolios," says Siddhartha Khemka of Motilal Oswal.

"Global markets including Indian equities witnessed a smart pull back after yesterday's crash as the new sanction imposed by US & UK appeared to be less sever for the Russian economy. Also, US and NATO refused to send their soldiers to Ukraine, thus preventing extreme war like situation. Further, the geo-political turmoil has led to an expectation that US Fed may not aggressively increase interest rates in its March meeting, thus adding to positive sentiments today," he further added.