Top 10 Stocks Plummet Up to 70% Amid FII Selloff in Indian Market
10 well-known stocks down up to 70% in a year amid FII selloff. Do you own any?
The Economic TimesImage: The Economic Times
The Indian stock market has experienced significant declines, with major stocks like Cohance Lifesciences dropping over 70% in value due to foreign institutional investor (FII) selloffs. Other notable stocks, including ITC and Kotak Mahindra Bank, also saw substantial decreases in FII holdings and share prices over the past year.
- 01Cohance Lifesciences has lost over 70% of its value in the past year.
- 02ITC's FII holdings fell from 39.87% to 34.83%, with a stock price drop of nearly 30%.
- 03Kotak Mahindra Bank's FII holdings decreased from 31% to 26.4%, with a 16% decline in stock price.
- 04IRCTC's stock dropped over 30% as FII holdings fell from 7.37% to 4.86%.
- 05HCL Technologies and Cipla also saw significant declines in both FII holdings and stock prices.
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The Indian stock market has faced a turbulent year, marked by a significant selloff by foreign institutional investors (FIIs) due to various geopolitical factors, including tariff changes and international conflicts. Among the most affected stocks is Cohance Lifesciences, which has plummeted over 70% in value. Other major companies, such as ITC, have seen their FII holdings decrease from 39.87% to 34.83%, resulting in a nearly 30% drop in stock price. Kotak Mahindra Bank experienced a decline in FII holdings from 31% to 26.4%, with its stock down more than 16%. IRCTC also suffered, with FII holdings falling from 7.37% to 4.86% and a stock drop exceeding 30%. Meanwhile, HCL Technologies and Cipla saw their FII stakes decrease significantly, reflecting broader market challenges. The overall trend indicates a lack of recovery in the market, raising concerns among investors about future performance.
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The significant declines in these stocks may affect investor confidence and could lead to further selloffs, impacting market stability.
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