8 Stocks That Are Down Up to 80% From 52-week Highs

Nifty opened lower and saw some profit booking amid volatility. The index closed with a loss of 188 points at 18068 levels. HDFC twins were major losers today, dragging benchmark and Banking indices down. The majority of the sectors ended in red. Despite weak global markets, Indian equities remained resilient on the back of positive economic data, Healthy Q4FY23 results, and FIIs turning net buyers.

"FIIs bought more than Rs10k in the last six trading sessions. After the sharp rise in the last few days, Nifty is now consolidating around 18,000-18,200 zones. While the overall market structure remains positive, expect Nifty to consolidate in the near term on the back of subdued global cues and profit booking in index heavyweights. Next week market would also take cues from inflation, state election outcome and ongoing earning season," says Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

Here are a list of stocks 8 stocks that are down upto 80% from highs

Name of company	Current market price	52-week high	Fall from highs
EKI Energy	460	2964	84%
NDTV	181	567	68%
TV Today	202	414	52%
Uflex	414	811	48%
Adani Power	239	423	44%
Team Lease Services	2031	3837	45%
MRPL	61	127	52
KIRI Industries	289	566	49%

Important things to note

Please be informed that the above is just information and not a recommendation from our end. There could be a host of factors why stocks have plunged from the segment to such a drastic extent. We have not analyzed the factors that have led to fall in individual stocks. We would urge investors to do their own research and not merely go by the sharp fall in prices, as one of the reasons to buy the stock.

Disclaimer

The above information is just information on stocks that have fallen sharply. The article should not be construed as a "buy", "sell" or "hold" call from our end. Investors should do their own research. The above article is solely for the purpose of information.