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2022 Worst Performing Stocks: In the year 2022, the stock market saw both its good and bad days. When there was a decline in the markets around the world, Sensex and Nifty reached their record high. But this year there were many such stocks which destroyed the hard earned money of the investors. These stocks have seen a decline of 40 to 65 percent.
Paytm’s share down 76 percent
In the month of November 2021, Paytm brought an IPO at a price of Rs 2150 per share. And after the listing on the stock exchange, the process of decline in the stock started, which continued throughout 2022. The stock of Rs 2150 fell 80 percent to Rs 440. Currently, the stock is trading at Rs 506, down 76 per cent.
Zomato down 65% from its high
Food delivery company Zomato rocked with its listing. The share of Rs 76 reached Rs 169. But now it is trading below its IPO price at Rs.59. So 65 percent of the stock has come down from the lifetime high.
Nykaa did the damage!
Like Zomato, the condition of Nykaa’s share is also there. The company came in 2021 with an IPO at Rs 1125. After listing, the stock reached above Rs 2500. But in 2022, there was a tremendous decline in this stock. The company has also announced to give bonus shares to the investors. After the bonus, the stock is trading at Rs 151 and it is trading below its IPO price. The stock has fallen by 55 per cent in a year.
News Reels
Wipro disappointed
Amazing brightness was seen in the shares of the IT sector during the Kovid period. But a year back the stock which was trading above Rs 700 is now trading at Rs 388. Investors investing in Wipro’s shares have suffered a loss of 47 per cent in a year.
Heavy fall in Gland Pharma
Gland Pharma’s IPO gave amazing returns to the investors after the listing. The share of Rs 1500 had reached up to Rs 4060. But this stock is trading at Rs 1605, 60% below its high.
Lux Industries has lost its sheen
Hosiery company Lux Industries showed tremendous growth in 2021. At the beginning of this year, the stock was trading around Rs 4000. But from now on the stock is trading around Rs.1600. The stock has come down 60 percent from its 2022 high.
IRCTC shares also disappointed
Since listing, IRCTC stock has given excellent returns to the investors. But in 2022, the stock has disappointed investors. This year the stock touched a high of Rs 918, which is now trading at Rs 640. The stock is trading down 30 per cent from this year’s high.
Bajaj Finance also slipped
The stock of Bajaj Finance, which is considered to be a great stock in the financial sector, has also disappointed the investors. In 2022, this stock touched a high of Rs 8000, which has fallen and is now trading around Rs 6500. The stock is trading 19 percent below its high.
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