
Several Public Sector Undertakings (PSUs) and prominent companies have witnessed a significant decline in their stock prices, trading at nearly half their 52-week highs. The sharp corrections come amid market volatility and sector-specific challenges impacting investor sentiment. Here’s a look at the major names and their percentage decline from their 52-week highs:
- Chennai Petroleum Corporation Ltd (CPCL): Down by 55%, reflecting a sharp correction in energy stocks.
- Cochin Shipyard: Witnessed a similar 55% decline, despite its strong position in the shipbuilding sector.
- Mangalore Refinery and Petrochemicals Ltd (MRPL): Dropped 54%, in line with sectoral weakness in oil and gas.
- Shipping Corporation of India (SCI): Fell by 52%, impacted by global shipping sector challenges.
- Garden Reach Shipbuilders & Engineers Ltd: Down by 52%, with subdued performance in defense and shipbuilding.
- MMTC Ltd: Plunged 50%, marking weakness in the trading sector.
- IRCON International: Lost 50%, with concerns around infrastructure project execution.
- Yes Bank: Declined by 48%, continuing its struggle to regain investor confidence.
- Hindustan Copper (Hind Copper): Down by 48%, affected by weak commodity prices.
- SJVN Ltd: Declined 47%, with concerns around renewable energy targets.
- Engineers India Ltd (EIL): Witnessed a 47% drop amid subdued project inflows.
- Indian Overseas Bank (IOB): Down 45%, reflecting pressure on public sector banking stocks.
- Gujarat Mineral Development Corporation (GMDC): Declined 45%, with weakness in the mining sector.
- Rail Vikas Nigam Ltd (RVNL): Fell 45%, despite being a key player in railway infrastructure.
- Indian Railway Finance Corporation (IRFC): Down by 45%, despite its critical role in railway financing.
Data as on 13 January 2025
Disclaimer: The above analysis is for informational purposes only and does not constitute investment advice. Readers are encouraged to perform their own research and consult financial advisors before making any investment decisions. Market investments carry risks, and past performance is not indicative of future results.