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Indian stock market is high volatile in past week, but then also are some stock which has fallen big in last week from 20th may to 24th may.
If top rated stock fall with such a big percentage then where would investor go. this is a real concern now as many small retail investors are loosing their hard earn money in such top known stocks also. will provide you with insight of loosing stocks in index.
1. WOCKHARDT PHARMA – WEEKLY FALL – 30.5%
REASON OF FALL – US FDA red flag the company’s export unit in Aurangabad, so total loss of company would be USD100 MN on annual basis.
recent life cycle study of stock –
wockhardt started its up move from 400 rs. in a month of feb. 2012, from there it rise non-stop till 2170 level which is almost 450% in just 1 years time.
but after in past 3 month price action in this stock was absolutely stopped. It has given fall of rs. 1000 in past three month from march to may.
2. RANBAXY – WEEKLY FALL – 17%
REASON FOR FALL – Media reports said the Indian Health Ministry has ordered a probe of its own into past dossiers and drug applications on the basis of which approvals were granted to the drug major. The company, which is now owned by Japan’s Daiichi Sankyo said it will pursue legal remedies against the former promoters of Ranbaxy for inadequate disclosures. Last week, Ranbaxy had pleaded guilty to felony charges and agreed to pay penalty of USD 500 million
3. INDIA CEMENT – WEEKLY FALL – 17.5%
The flu of spot-fixing allegations in IPL caught India Cements, owner of Chennai Super Kings as Gurunath Meiyappan, the son-in-law of BCCI chief and India Cements chairman N Srinivasan, has been summoned by Mumbai Police for questioning.
4. APOLLO HOSPITAL – WEEKLY FALL – 16%
slow earning in march given a fall in stock price.
5. SBI
WEEKLY FALL – 11.3%
Due to bad result SBI given a huge weekly fall in past week
we posted few report regarding technical study of SBIN
