4 Stocks That Are Down 80% From Highs, Should You Buy, Sell Or Hold?

Markets are trading higher for the second straight day. In the last 2-days, the stocks market has recovered almost 500 points on the Nifty. Analysts see the possibility of selling at higher levels, as the markets have run-up sharply.

Here are stocks that are down 80% from highs:

	52-week high	Current market price
GKP Printing	206.9	24.2
Shubham Polyspin	286.43	55.45
Gala Global	104	20.3
VCU	65.2	12.04

Should you buy, sell or hold these stocks?

If you carefully study all of these stock, barring one, most of them have turned into penny stocks, if you define penny stocks as one that are below 50. We have in these years never recommended buying stocks that are penny stocks. Hence, we have no recommendations for some of these stocks. Investors need to understand that investing in some of these poses risks. Most of these stocks have dropped by almost 52-week highs. Reasons for fall in some of these stocks is now known. As we write, some of them are stuck at the lower end of the circuit filter.

Markets in over valued zone

At the moment, buying into stocks itself poses a risk, given the scenario of rising interest rates across the globe. Hence, investors are advised to largely keep exposure limited, given the nature of the markets. Overall, we believe that there would be opportunities to buy at lower levels into good quality stocks.