These 40 stocks fell heavily! Stocks fell up to 85% from their 52-week high, did you also suffer a loss? – bse sensex midcap smallcap these 40 stocks falls upto 85 percents from their 52-week highs

Despite the Indian stock market reaching record highs, many stocks are witnessing a huge decline from their 52-week high. Many of these are multibagger stocks, which have been the favorite of retail investors for some time due to their amazing returns. These include at least 40 stocks including Waree Renewable Technologies, Spandana Sphoorty Financial, EKI Energy Services and Sun Pharma Advanced Research Company. These stocks have fallen by about 85% from their 52-week high.

The biggest loser was Sanmit Infra, which is down 85% from its 52-week high. Its stock has fallen to Rs 14.08 from a peak of Rs 90.92. This was followed by MK Proteins, which fell 68% from Rs 33.33 to Rs 10.67.

Apart from these, there are many stocks like Cressanda Railway Solutions, Lancer Container Lines and HLV Ltd, which have fallen by more than 50% from their 52-week high.

The Sensex, BSE Midcap and BSE Smallcap indices hit their all-time highs on Friday, August 30, 2024. However, despite this, about 65% of the stocks in these indices are trading with double-digit declines from their 52-week highs.

Stocks affected by this massive drop include Zee Entertainment Enterprises, Sun Pharma Advanced Research Company, and 63 Moons Technologies. The shares of these companies have fallen more than 50% from their highest level. Shares of companies like Coffee Day Enterprises, Best Agrolife and Trucap Finance have also declined by 45% to 50%.

Experts have been expressing concern about the high valuation of midcap and smallcap stocks since the beginning of this year. They say that the market may now lean towards largecap stocks. At the same time, brokerage firm Sharekhan said that we should focus on the bigger picture and invest for the long term keeping in mind India’s growth story. The brokerage said that the biggest trigger for the stock market in the coming days could be the news of reduction in interest rates in America.

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