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IIFL Finance and Paytm are two stocks that have plunged 27 per cent and 37 per cent, respectively, in 2024 so far. But the retail holding in the two tocks went up sequentially by 185 basis points and 168 basis points, respectively.
The fertiliser stock hit a record high of Rs 322 on January 23 but failed to hold the momentum. It closed at Rs 213 on April 1, which translates into a downside of about 30%. After undergoing a steep correction in a matter of months, the stock picked up momentum in the last 5 trading sessions.
V-Mart Retail, Dilip Buildcon Ltd, Rajesh Exports, Gujarat Mineral Development Corp, UPL and Laurus Labs were among some of the companies that saw steep cuts in earnings estimates for FY25.