These 6 stocks lose more than 50% from yearly peaks

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Stock Slump

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Stock Slump

The Indian stock market has been trading sluggishly in recent days, with the benchmark index, Sensex, dropping around 2.5% in just one week and losing nearly 11% from it’s all-time high. Amid this weak trading environment, many stocks in the BSE 500 index have seen significant declines. In fact, six of these stocks have lost over 50% from their 52-week highs. Additionally, nearly 200 stocks have fallen more than 25% from their respective 1-year peak levels. Here, we’ve highlighted the top ten stocks that have taken the hardest hit from their highs. (Data Source: ACE Equity)

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Zee Entertainment Enterprises

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Zee Entertainment Enterprises

The stock has declined by approximately 61%, dropping to Rs 116 from its 52-week high of Rs 300, which was reached on 12-Dec-2023.

IANS

Sun Pharma Advanced Research Company

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Sun Pharma Advanced Research Company

The stock has fallen about 58%, now trading at Rs 197, down from its 52-week high of Rs 474, touched on 09-Apr-2024.

Reuters

Cochin Shipyard

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Cochin Shipyard

The stock has dropped around 56%, currently priced at Rs 1,312, down from its 52-week high of Rs 2,977, which it hit on 08-Jul-2024.

ANI

Chennai Petroleum Corporation

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Chennai Petroleum Corporation

The stock has fallen by roughly 55%, now at Rs 576, down from its 52-week high of Rs 1,274, reached on 16-Jul-2024.

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CreditAccess Grameen

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CreditAccess Grameen

The stock has fallen about 51%, to Rs 885 from its 52-week high of Rs 1,794, which it hit on 11-Dec-2023.

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Vaibhav Global

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Vaibhav Global

The stock has declined by approximately 50%, now priced at Rs 270, from its 52-week high of Rs 543, touched on 30-Jan-2024.

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RBL Bank

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RBL Bank

The stock has dropped about 48%, now at Rs 155, from its 52-week high of Rs 301, which it reached on 11-Jan-2024.

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Mangalore Refinery and Petrochemicals

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Mangalore Refinery and Petrochemicals

The stock has fallen by around 48%, to Rs 149 from its 52-week high of Rs 289, which it touched on 19-Feb-2024.

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PNC Infratech

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PNC Infratech

The stock has dropped about 48%, now at Rs 299, down from its 52-week high of Rs 575, reached on 27-May-2024.

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Alok Industries

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Alok Industries

The stock has fallen around 47%, currently priced at Rs 21, down from its 52-week high of Rs 39, which was seen on 09-Jan-2024.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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This article was originally published by Indiatimes.com. Read the original article here.