The Stock Market’s Dark Side: From Heavens to Earth Stocks List

Once upon a time, these Indian companies were the darlings of the stock market. Investors couldn’t get enough of them. But like many fairy tales, their stories took a dramatic turn.

Yes Bank:

Remember when everyone was talking about Yes Bank? It was the golden child of the banking industry. But a series of unfortunate events turned its world upside down. The bank went from being worth a whopping Rs 404 per share to a mere Rs 23.94. Ouch!

All-Time High Price: Rs 404
Price on (09/08/2024): Rs 23.94

 

Unitech Ltd:

This real estate giant was once building castles in the air, and investors were lining up to be a part of it. But the housing market took a downturn, and Unitech found itself in a deep hole. Its share price crashed from Rs 546 to a measly Rs 10.02.

All-Time High Price: Rs 546
Price on 09/08/2024: Rs 10.02

 

Reliance Communications:

A telecom titan, Reliance Communications ruled the airwaves. But intense competition and financial troubles grounded this once-mighty company. Its share price fell from a lofty Rs 844 to a mere Rs 2.02.

All-Time High Price: Rs 844
Price on 09/08/2024: Rs 2.02

 

Videocon Industries:

This company was everywhere – from TVs to refrigerators. But tough times hit the consumer electronics industry, and Videocon couldn’t keep up. Its share price tumbled from Rs 868 to a disappointing Rs 7.25.

All-Time High Price: Rs 868
Price on 09/08/2024: Rs 7.25

 

Jet Airways:

Soaring high like a bird, Jet Airways was once the king of Indian skies. But turbulence hit hard, and the airline couldn’t weather the storm. Its share price plummeted from a dizzying Rs 1,382.75 to a ground-level Rs 38.91.

All-Time High Price: Rs 1,382.75
Price on 09/08/2024: Rs 38.91

 

HDIL:

This real estate player was once building a booming empire. But the housing market crashed, and HDIL couldn’t escape the fallout. Its share price plummeted from Rs 843.90 to a mere Rs 3.95.

All-Time High Price: Rs 843.90
Price on 09/08/2024: Rs 3.95

 

Jaiprakash Associates:

As a construction giant, Jaiprakash Associates was building India’s future. But economic challenges and financial troubles brought the company down to earth. Its share price dropped from Rs 339.85 to a lowly Rs 9.69.

All-Time High Price: Rs 339.85
Price on 09/08/2024: Rs 9.69