The stock market is a volatile entity, subject to numerous factors that can cause significant fluctuations. Recently, several stocks listed on the NSE500 have experienced a substantial correction, falling from their year-high values by as much as 60%.
This article explores this phenomenon, focusing on six companies that have seen significant drops.
1. Brightcom (NSE: BCG)
Leading the pack with a staggering 60% fall from its year-high, Brightcom has faced a tough market climate. Despite this, retail shareholding in the company has been on the rise.
2. Paytm (NSE: PAYTM)
The digital payment giant PayTM hasn’t been spared either, with a 58% drop. Interestingly, this hasn’t deterred retail investors, who continue to increase their stake in the company.
3. Rajesh Exports (NSE: RAJESHEXPO)
Matching Paytm’s 58% fall, Rajesh Exports, a leader in the jewelry industry, has also seen a significant correction. Yet, retail shareholding continues to grow.
4. Delta Corp (NSE: DELTACORP)
With a 54% drop from its year-high, Delta Corp has faced a challenging market environment. However, the company continues to attract retail investors.
5. Zee Entertainment (NSE: ZEEL)
The media and entertainment conglomerate ZEEL has seen a 53% correction. Despite this, the retail shareholding in the company is increasing.
6. Polyplex (NSE: POLYPLEX)
Rounding off the list, Polyplex has experienced a 51% fall from its year-high. Similar to its counterparts, the company has seen an uptick in retail shareholding.
Despite the significant market correction, an interesting trend has emerged – the increase in retail shareholding across these companies. This could be indicative of retail investors’ confidence in these companies’ long-term prospects, or it could be a result of attractive valuations following the correction.
While the market correction has undoubtedly been a cause for concern for investors, the increasing retail shareholding paints a picture of resilience and long-term confidence. As the market navigates through these challenging times, it will be interesting to see how these trends evolve.
This Post Has One Comment