9 Stocks Down More Than 40% From Peak Levels

The stock markets continue to maintain their downward trend even today as equity market benchmarks BSE Sensex shed more than 600 points at 54,997 and Nifty 50 lost 188 points at 16,381 till noon trade. ONGC, Coal India, BPCL, NTPC, and Hero Motorcorp emerged as top gainers. Stocks of Titan Company, UPL, Dr Reddys Labs lost more than 3% as of writing this report (12:19 pm). Below are 9 stocks that lost more than 40 percent as volatility prevails in the share market:

1. EKI Energy Services Ltd

The Current Market Price (CMP) of the stock is Rs 7380 apiece with a loss of 0.23% in todays trading till noon time. The stock's 52-week high and low levels were 12,599 apiece and 543 apiece, respectively. If today's price is taken into consideration, the stock has so far fallen 41.43%. The market capitalization of EKI Energy is Rs 5073 crore. It has a P/E of 13.23 and sector P/E is 40.02. EKI Energy Services Ltd offers climate change, carbon credit, and other vital sustainability solutions.

It also provides asset management, carbon footprint management, sustainability, and training for quality control and management, among others, as per official website of the company. It posted healthy quarterly results with net profit jumping to Rs 383 crore in FY 22. The multibagger stock has given a handsome return of 1258% in just one year.

2. Hinduja Global Solutions Ltd.

The CMP of the Hinduja Global Solutions Ltd. (HGS) is 967 with a loss of 0.22% till noon. The 52-week high of stock is 1960 and 52-week low range is 846. Considering its 52-week high range, the stock has dipped nearly 50.01%. The market capitalization of the stock is Rs 4040 crore. The P/E of the stock is 0.66 and sector P/E is 14.66. Considering sectoral P/E, it is a low PE stock.

The stock has given a negative return of 19.63% in one year. HGS combines automation, analytics, and artificial intelligence with top quality talent and strong domain expertise to accomplish outstanding outcomes in the areas of digital customer experience, back office processing, HRO solutions, etc., according to its official website. The Q4 profit of HGS surged to Rs 5686 crore for Q4 ending March 31. It registered Profit after Tax at 130 crore.

3. Indian Energy Exchange Ltd.

The CMP of the stock is 178.15 today and considering its peak levels, the stock has dipped 44.10%. The 52-week high and 52-week low was 318 and 118, respectively. The P/E of the stock is 51.77 while sector P/E is 52.79. The stock has given a positive return of 46.21% in one year. The market capitalization of the company is 16,015 crore.

According to its official webpage, IEX is a premier marketplace and offers nationwide automated trading platforms for the physical delivery of electricity, renewables, and certificates. Its total income for FY 22 rose BY 25.48% at 127.75 crore and PAT was registered at 80.88 crore with 26% rise.

4. IRCTC

Indian Railway Catering & Tourism Corp Ltd or IRCTC CMP is 656.10 and the stock has fallen 48% from its high levels. The 52-week high and 52-week low of IRCTC IS 1279 and 385, respectively. The market cap is 52,346 crore as of writing this report. The P/E is 78.96. The stock has given a positive return of 51% in one year. IRCTC is an extended arm of Indian Railways and came into existence in the year 1999.

It upgrades, professionalize, and manage the catering and hospitality services at stations on trains and other locations, as per its official website. IRCTC declared a jump of 106% in its net profit at Rs 214 crore for the quarter ending March 31. It declared a net profit of Rs 104 crore in the previous year Q4. Also its board of directors recommended a final dividend of 1.5 per share for FY 22.

5. Computer Age Management Services Ltd.

The CMP of the stock is 2395.25 and the stock has fallen 41.11% from its high levels. The 52-week high and 52-week low of the stock is 4067 and 2037, respectively. The market cap is Rs 11,839 crore. The P/E of the stock is 40.91 which is almost equal to sector P/E of 40.02. The stock has given a negative return of 12% in one year. The company offers transaction processing and customer care services. It also offers onlne transactions, mailback, capital accounting, and subscriptions, among others. It came into existence in 1988. Its consolidated income for Q4 ending March 31 was up 2.32% at 247.43 crore as against Rs 241 crore in the same quarter previous year. Its net profit after tax was 73.84 crore in Q4 ending March 31.

6.Sportking India Ltd

Its CMP is 998.90 apiece. The 52-week high and 52-week low is 2046 and 422, respectively. Its market cap is 1,327 crore. The stock has fallen 51% from its high range. However, it has given a positive return of 113% in one year. Its P/E is 3.24 which is low as compared to its sector P/E of 5.25. As per its official website, it came into existence in 1977 under the leadership of Mr. Jagdish Chandar Avasthi.

The company has emerged as India's leading vertically integrated textile conglomerate.

7. Other stocks that fell more than 40% from their peak levels

Bhansali Engineering Polymers Ltd has fallen 48.79% from its peak levels. Maithan Alloys Ltd fell 40.79% from its high levels. And, INEOS Styrolution India Ltd. fell over 56% from its peak levels.