new Delhi. After giving excellent returns in 2021, the main benchmark index has given zero returns in 2022. It can also be said that negative returns have been given. Talking about this year, the Sensex and Nifty 50 indices have fallen more than 3 percent. Nifty Bank has also shown a decline of more than one percent.
Not just the index, big and well-known stocks have also proved like a nightmare for investors in 2022 so far. Shares of well-known companies from IRCTC to Infoage (India) or Naukri are diving this year after setting a lifetime high in 2021. Today we are telling you 5 such stocks which have given a significant dent to the shareholders’ portfolios.
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Don’t even talk about Paytm!
These days, the pain that Paytm has caused to investors, perhaps no other stock has given it. People had high hopes from this stock, but it dashed all hopes. Initially, this list was done at a discount and after that it has broken almost 70 percent till now. Recently, the stock of Paytm had hit a lifetime low of Rs 560.
If we talk about the fall in this year, then it has fallen 58%. Shark Tank’s Ashneer has advised to buy it by tweeting, then brokerage firm Macquarie Capital Securities has said that it may fall further. 450 can go up to Rs.
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Another name is Dhani Services.
Talking about this year, this stock is also not behind Paytm in falling. The stock of Dhani Services has taken a dive of 57 per cent in 2022. The stock made a lifetime high of Rs 395.95 on 11th January 2021. And today (till the time of writing the news on Tuesday) this stock is trading at Rs 66.90.
The first day of the new year for the stock market was January 3, 2022. The stock of Dhani Services closed at Rs 161.05 on the same day.
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Shares of 3I Infotech are very broken
It was in December 2021, when this stock made its lifetime high of Rs 119.30. After that it came under the grip of the bears that it kept on falling. In these 4 months, this stock has come down to Rs 54.55. Its closing on January 3 was Rs 93.40. Accordingly, the share of 3I Infotech has fallen by 42%. Its decline from the lifetime high so far is 54%.
Surprisingly, after the split in October 2021, this stock closed at Rs 31 on 22nd. On that day this stock had hit upper circuit. After this, the upper circuit was given continuously till 26 November and closed at 108.50 on this day. This multibagger return caught the attention of the people.
IRCTC Shares Fall 40% From Lifetime High
The stock of Indian Railway Catering and Tourism Corporation (IRCTC) also made its lifetime high (₹1279.26) in October 2021. Since then, this stock has fallen 40%. Today this stock is trading at Rs 757. In 2021, it also emerged as a multibagger.
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There was no such expectation from Info Edge (India) Ltd or Naukri
The share of Naukri, popularly known as Infoaze (India), is considered a strong market share. It hit a lifetime high of Rs 7,465.40 on 19 October 2021. And as of today, this stock is trading at Rs 4,711. Accordingly, this stock has come down to about 40 percent from its high.
On January 16 this year, this stock had given closing at 5696.25. Since then, the stock has registered a decline of 17 percent.
Tags: irctc, Paytm, stock market
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