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In 2023, despite the overall positive performance of the Indian market, many stocks experienced a staggering decline of up to 95 percent, resulting in substantial losses for investors. Let's take a look at 7 such stocks that have eroded between 80 percent and 95 percent of investor wealth in 2023.
The data for 2023 shows Adani Enterprises, Adani Green Energy, Adani Total Gas , Adani Energy Solutions and Adani Wilmar plummeted in the 25-75 percent range this year
In the last five years of Dalal Street history, 10 stocks - some of them popular with retail investors - have lost a total of Rs 564,300 crore. Vodafone Idea tops the list of wealth destroyers from 2018-2023 as investors in the cash-strapped telecom player have lost around Rs 1.39 lakh crore, according to Motilal Oswal's wealth creation study released today.
A study of the performance of BSE500 stocks in the last two years shows that there are 158 counters with negative returns during the period. But what has actually caused heartburn to those looking for consistent compounders is the hibernation phase of top wealth creators like Infosys, HDFC Bank, RIL, TCS and Asian Paints.
Who Are the Wealth Destroyers, Politicians or Billionaires? Politicians like Elizabeth Warren and Alexandria Ocasio-Cortez are demanding that successful…