1. PC Jeweller
PC Jewellers, which peaked in January 2018, suddenly went to rock bottom in a few months. In 2018, PC Jeweler share price at its peak was around Rs. 600, the stock today is priced at less than Rs.55.
60% drop in one day
PC Jeweler is currently engaged in the business of manufacturing, selling and trading Gold Jewellery, Diamond Jewellery, and Silverware. The stock, which was doing well till February 2018, fell 60% in a single day. Since then the stock has been on a downward spiral.
2. Yes Bank
In August 2018, the Yes Bank stock hit an all-time high of Rs 393. But in the next two years it fell sharply to below Rs 11, giving shareholders huge losses.
As of now, Yes Bank seems to be recovering. Coming out of the 2020 restructuring plan, the bank has recorded significant progress. However, it is said that no financial advisers recommend buying shares of this bank.
The stock price peaked in July 2007. The stock rose from Rs 434 in January 2008 to a high of Rs 1,084. The company’s market value rose to Rs 299 billion. This rise made HDIL India’s third largest realty developer. But after 2008, the company’s shares gradually fell and traded at a low of Rs.70.
Credit and Fraud
HDIL’s high level of debt and bad management pushed the company into an irreversible situation. Apart from that, it is said that the promoters of this company committed a huge fraud and due to this the company went to the bottom.
From 1998 to 2008, shares of DHFL rose over 2,000%. The share price rose from Rs 5.50 in 1998 to Rs 120 in 10 years. It then fell by more than 75% from 2009 to Rs.25.
DHFL’s shares have also fallen due to the massive credit crunch. A report also said that DHFL promoters were involved in a fraud of Rs 310 billion.