Most of those shares are labeled as penny shares. Such shares have a tendency to draw traders with their low funding thresholds and the attract of high-profit prospects. Nonetheless, warning is strongly advisable when coping with such shares, given the inherent dangers and the problem in figuring out viable choices.

Let’s check out 7 such shares which have eroded between 80 p.c and 95 p.c of investor wealth in 2023:

White Natural Retail: In 2023, White Natural Retail witnessed a pointy 95 p.c plunge, with its inventory worth nosediving from ₹151.8 to ₹7.5 per share because the yr’s graduation. The inventory has given unfavorable returns in 9 of the 12 months this yr, declining probably the most in Feb, down over 56 p.c. White Natural Retail Restricted engages within the buying and selling and retail sale of natural merchandise in India. It primarily trades in a variety of agriculture produce, similar to cereals, pulses, grains, fruits, greens, processed meals, cooking oils, spices, snacks, dietary dietary supplements, and so on. below the White Natural model identify.

Karnavati Finance: The inventory has crashed 89 p.c in 2023 YTD, declining from ₹17.2 to ₹1.9 this yr. It gave unfavorable returns in 8 of the 12 months in 2023, shedding probably the most in March, down 62 p.c. Karnavati Finance Restricted, a non-banking finance firm, offers numerous monetary companies in India. The corporate provides private loans, enterprise loans, gold loans, challenge loans, automobile loans, and loans towards property to people.

Penta Gold: The inventory has shed 88.5 p.c in 2023 YTD, giving unfavorable returns in all 12 months of the yr. It fell from ₹48.85 in December final yr to presently commerce round ₹5.6. It declined probably the most in August this yr, down over 45 p.c. The corporate is into the enterprise of producing and buying and selling enterprise of branded gold jewellery and ornaments.

Sel Manufacturing Co: The inventory has tanked 88 p.c in 2023 YTD, giving unfavorable returns in 9 of the 12 months of the yr. It fell from ₹613.9 in December final yr to presently commerce round ₹75. It declined probably the most in Feb this yr, down 50.69 p.c. SEL Manufacturing Firm Restricted engages within the manufacturing and processing of textile merchandise in India and internationally. Its merchandise portfolio contains knitted clothes, terry towels, knitted and processed materials, and numerous sorts of yarn, in addition to ready-made clothes.

Bheema Cements: The inventory has cracked 86.5 p.c this yr, declining from ₹160 to ₹21.5 presently. It has given unfavorable returns in 11 of 12 months this yr, besides December (up 17 p.c). It shed probably the most in March, down 33 p.c. Bheema Cements Restricted is an India-based firm that’s engaged within the manufacture and sale of cement, together with Strange Portland Cement (OPC) and Portland Pozolana Cement (PPC). The corporate’s different cement grades embody BHEEMA Tremendous Grade, BHEEMA Cement OPC 53 Grade and BHEEMA Cement OPC 43 Grade.

Bohra Industries: The inventory has misplaced 84 p.c in 2023 YTD, down from ₹148 in December final yr to presently commerce round ₹23. It has been within the pink in 10 of the 12 months this yr, tanking probably the most in December up to now, down 33.6 p.c. Bohra Industries Restricted manufactures and trades in phosphate fertilisers in India. The corporate provides single tremendous phosphate, granulated single tremendous phosphate, triple tremendous phosphate, rock phosphate, and different fertilisers.

Eureka Industries: The inventory has declined 82.6 p.c this yr, down from ₹19.30 to presently commerce at ₹3.3. It gave unfavorable returns in 10 of 12 months up to now, falling probably the most in Feb, down 51 p.c. Eureka Industries Restricted doesn’t have important operations. Beforehand, it was engaged within the manufacturing and promoting of cotton and artifical fibers.

Other than these 7, Veerkrupa Jewellers, Kaiser Corp, Future Way of life, SS Infra, Muzali Arts, Raj Rayon, Globalspace Tech, and Dhruv Wellness, Bombay Metric Provide Chain, Rajesh Exports, EKI Power, Adani Complete Gasoline, and Adani Power Options misplaced between 50 p.c and 80 p.c every in 2023 YTD.

It is necessary for traders to strategy any inventory with warning and conduct thorough analysis. Due diligence ought to embody an evaluation of the corporate’s monetary well being, administration, business traits, and any potential regulatory points.

One should at all times contact their monetary advisor earlier than making any funding choices.

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Printed: 21 Dec 2023, 03:01 PM IST

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