Revival Potential: Stocks That Once Soared Above Rs. 500, Now Below Rs. 10
In the ever-volatile world of stock markets, there are always stocks that experience dramatic rises and falls. While some stocks never recover from their downward spiral, others present a golden opportunity for savvy investors. This blog post explores a set of stocks that once traded at over Rs. 500 but have now plummeted below Rs. 10. Despite their current low prices, these stocks have the potential to rebound and deliver significant returns.
The Fallen Giants
Below is an analysis of twelve stocks that have experienced dramatic declines but still hold promise for a profitable comeback:
- Future Supply Chain Solutions Ltd. (CMP: Rs. 2.99)
- All-time High: Rs. 760.00
- Market Cap: Rs. 13.12 Cr
- Latest Quarter Profit: Rs. -30.02 Cr
- Profit Variation: 29.55%
- Sales: Rs. 67.04 Cr
- Sales Variation: -48.03%
- ROCE: 5.99%
- Mystic Electronics Ltd. (CMP: Rs. 4.45)
- All-time High: Rs. 682.00
- Market Cap: Rs. 8.80 Cr
- Latest Quarter Profit: Rs. -1.63 Cr
- Profit Variation: -96.17%
- ROCE: 1.09%
- Mukta Agriculture Ltd. (CMP: Rs. 4.27)
- All-time High: Rs. 570.00
- Market Cap: Rs. 9.26 Cr
- Latest Quarter Profit: Rs. -1.89 Cr
- Profit Variation: -98.82%
- ROCE: 0.29%
- SKIL Infrastructure Ltd. (CMP: Rs. 6.01)
- All-time High: Rs. 1960.00
- Market Cap: Rs. 130.16 Cr
- Latest Quarter Profit: Rs. -4.47 Cr
- Profit Variation: 76.02%
- ROCE: 0.21%
- Swadeshi Industries & Leasing Ltd. (CMP: Rs. 2.31)
- All-time High: Rs. 840.00
- Market Cap: Rs. 2.50 Cr
- Latest Quarter Profit: Rs. -0.09 Cr
- Profit Variation: -350.00%
- Sales: Rs. 2.46 Cr
- Sales Variation: 232.43%
- ROCE: -0.75%
- Housing Development & Infrastructure Ltd. (HDIL) (CMP: Rs. 4.32)
- All-time High: Rs. 1113.78
- Market Cap: Rs. 204.77 Cr
- Latest Quarter Profit: Rs. -4.72 Cr
- Profit Variation: 64.59%
- Sales: Rs. 0.82 Cr
- Sales Variation: 127.78%
- ROCE: -5.37%
- Nikki Global Finance Ltd. (CMP: Rs. 7.68)
- All-time High: Rs. 980.00
- Market Cap: Rs. 2.63 Cr
- Latest Quarter Profit: Rs. -0.04 Cr
- Profit Variation: -136.36%
- ROCE: -7.83%
- Future Retail Ltd. (CMP: Rs. 2.97)
- All-time High: Rs. 650.67
- Market Cap: Rs. 161.06 Cr
- Latest Quarter Profit: Rs. -1078.19 Cr
- Profit Variation: -28.18%
- Sales: Rs. 2786.40 Cr
- Sales Variation: 87.47%
- ROCE: -13.74%
- Future Lifestyle Fashions Ltd. (CMP: Rs. 2.80)
- All-time High: Rs. 504.35
- Market Cap: Rs. 56.50 Cr
- Latest Quarter Profit: Rs. -7.53 Cr
- Profit Variation: 96.27%
- Sales: Rs. 177.61 Cr
- Sales Variation: -78.68%
- ROCE: -72.64%
- PFL Infotech Ltd. (CMP: Rs. 4.19)
- All-time High: Rs. 825.00
- Market Cap: Rs. 3.13 Cr
- Latest Quarter Profit: Rs. -5.67 Cr
- Profit Variation: -56600.00%
- ROCE: -171.13%
- Educomp Solutions Ltd. (CMP: Rs. 2.51)
- All-time High: Rs. 1135.74
- Market Cap: Rs. 30.74 Cr
- Latest Quarter Profit: Rs. -3.05 Cr
- Profit Variation: 83.23%
- Sales Variation: -12.00%
- Reliance Communications Ltd. (CMP: Rs. 1.90)
- All-time High: Rs. 844.70
- Market Cap: Rs. 525.45 Cr
- Latest Quarter Profit: Rs. -2127.00 Cr
- Profit Variation: -1366.67%
- Sales: Rs. 92.00 Cr
- Sales Variation: -17.12%
Conclusion
Investing in these stocks is undoubtedly risky given their current financial health and market position. However, history has shown that markets can be unpredictable, and turnarounds do happen. For investors willing to take calculated risks, these stocks present an opportunity to capitalize on potential rebounds. Thorough research, continuous monitoring, and a diversified portfolio are key to making the most of these high-risk, high-reward investments.
Stay informed, invest wisely, and you may find yourself reaping substantial profits from these once high-flying stocks.