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    ​9 stocks plunge over 50% from yearly highs; should you bet on their recovery?​

    By
    , ETMarkets.com|
    1/10

    ​Beaten-down Stocks​

    In the year 2023, the Nifty benchmark index has displayed minimal growth, with only a 1% increase. From the peak of 52-week high, both Nifty and Nifty500 indices have witnessed a decline of over 3%. Nevertheless, it is worth noting that nine stocks from the Nifty500 index have dropped by more than 50% from their highest points in the past year. Therefore, if any of these stocks were to recover and reach their previous high levels, they could potentially rise by over 100% (Data Source: ACE Equity).

    Nonetheless, it is important to exercise caution when considering these expectations of share price recovery, as most of these stocks exhibit more weaknesses than strengths, as indicated by Trendlyne data.

    iStock
    ​Adani Total Gas | Fallen from its 52-week high: 80%​
    2/10

    ​Adani Total Gas | Fallen from its 52-week high: 80%​

    CMP: Rs 797 | 52-week high: Rs 4000
    MFs decreased their shareholding last quarter
    RoCE declining in the last 2 years
    ROE declining in the last 2 years
    Decline in net profit with falling profit margin (QoQ)
    Declining profits every quarter for the past 2 quarters

    ETMarkets.com
    ​Adani Transmission | Fallen from its 52-week high: 78%​
    3/10

    ​Adani Transmission | Fallen from its 52-week high: 78%​

    CMP: Rs 911 | 52-week high: Rs 4237
    Companies with high debt
    Negative profit growth, promoters decreasing shareholding QoQ
    MFs decreased their shareholding last quarter
    RoCE declining in the last 2 years
    Companies with increasing debt

    iStock
    Brightcom Group | Fallen from its 52-week high: 77%​
    4/10

    Brightcom Group | Fallen from its 52-week high: 77%​

    CMP: Rs 16 | 52-week high: Rs 70
    High promoter stock pledges

    ETMarkets.com
    ​Gland Pharma | Fallen from its 52-week high: 69%
    5/10

    ​Gland Pharma | Fallen from its 52-week high: 69%

    CMP: Rs 934 | 52-week high: Rs 2977
    Degrowth in revenue and profit
    Decline in net profit with falling profit margin (QoQ)
    Decline in quarterly net profit with falling profit margin (YoY)
    Declining revenue and profit every quarter for the past 2 quarters
    Declining net cash flow

    ETMarkets.com
    ​Piramal Enterprises | Fallen from its 52-week high: 63%​
    6/10

    ​Piramal Enterprises | Fallen from its 52-week high: 63%​

    CMP: Rs 770 | 52-week high: Rs 2084
    Decline in net profit with falling profit margin (QoQ)
    Decline in quarterly net profit with falling profit margin (YoY)
    Fall in quarterly revenue and net profit (YoY)

    ETMarkets.com
    ​Piramal Pharma | Fallen from its 52-week high: 63%​
    7/10

    ​Piramal Pharma | Fallen from its 52-week high: 63%​

    CMP: Rs 74 | 52-week high: Rs 200
    Decline in net profit with falling profit margin (QoQ)
    Decline in quarterly net profit with falling profit margin (YoY)

    ETMarkets.com
    ​Adani Green Energy | Fallen from its 52-week high: 62%​
    8/10

    ​Adani Green Energy | Fallen from its 52-week high: 62%​

    ​CMP: Rs 984 | 52-week high: Rs 2572
    This company has more strong points; here are key strengths
    Growth in net profit with increasing profit margin (QoQ)
    Growth in quarterly net profit with increasing profit margin (YoY)
    Increasing revenue every quarter for the past 2 quarters
    Annual net profits improving for last 2 years
    Book value per share improving for last 2 years
    Company with decreasing promoter pledge
    FII/FPI or institutions increasing their shareholding

    ETMarkets.com
    ​Tata Teleservices (Maharashtra) | Fallen from its 52-week high: 59%​
    9/10

    ​Tata Teleservices (Maharashtra) | Fallen from its 52-week high: 59%​

    CMP: Rs 61 | 52-week high: Rs 149
    This company has more strong points; here are key strengths
    Growth in net profit with increasing profit margin (QoQ)
    Growth in quarterly net profit with increasing profit margin (YoY)
    Increasing profits every quarter for the past 3 quarters
    Company able to generate net cash - Improving net cash flow for last 2 years
    Annual net profits improving for last 2 years
    Company with zero promoter pledge

    ETMarkets.com
    FSN E-Commerce Ventures | Fallen from its 52-week high: 51%​
    10/10

    FSN E-Commerce Ventures | Fallen from its 52-week high: 51%​

    CMP: Rs 125 | 52-week high: Rs 257
    Decline in net profit with falling profit margin (QoQ)
    Decline in quarterly net profit with falling profit margin (YoY)
    Declining Net Cash Flow: Companies not able to generate net cash
    Major fall in TTM net profit

    ETMarkets.com
    Read more on
    Adani Total Gas
    Adani Transmission
    Tata Teleservices
    Adani Green Energy
    Piramal Enterprises
    Piramal Pharma
    Gland Pharma
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