MARKET MELTDOWN

Published By MintGenie Team | 22 Dec, 2023

Market Overview

Despite overall positive market performance in India, numerous stocks experienced substantial downturns, with declines up to 95% in 2023. Credit : UNSPLASH

Penny Stocks Impact

Most affected stocks are classified as penny stocks, attracting investors due to low investment thresholds and high-profit potential. Credit : UNSPLASH

Here's a list of stocks that devastated investor wealth in 2023 Credit : UNSPLASH

White Organic Retail

Witnessed a staggering 95% decline, trading from ₹ 151.8 to ₹ 7.5 per share in 2023. Engages in the retail sale of organic products in India. Credit : UNSPLASH

Karnavati Finance

Crashed by 89%, falling from ₹ 17.2 to ₹ 1.9 per share, offering various financial services in India. Credit : UNSPLASH

Penta Gold

Dropped by 88.5%, trading at ₹ 5.6 from ₹ 48.85, involved in the manufacturing and trading of branded gold jewelry. Credit : UNSPLASH

Sel Manufacturing Co

Tanked by 88%, currently trading at ₹ 75 from ₹ 613.9, engaged in textile product manufacturing. Credit : PIXABAY

Bheema Cements

Experienced an 86.5% decline, trading at ₹ 21.5 from ₹ 160, manufacturing and selling various types of cement. Credit : PIXABAY

Bohra Industries

Lost 84%, currently trading at ₹ 23 from ₹ 148, specializing in phosphate fertilizer production and trade. Credit : PIXABAY

Eureka Industries

Declined by 82.6%, trading at ₹ 3.3 from ₹ 19.30, previously engaged in cotton and manmade fiber manufacturing. Credit : PIXABAY

CLICK FOR MORE VISUAL STORIES