There has been a tremendous boom in the stock market in the last two years. During this boom, the expectation of higher returns in the stock market, investors also invested heavily in penny stocks, but now in the period of decline, the same stocks are causing tremendous loss to the investors. One such stock is Tata Teleservices, which has lost 62 per cent of investors’ capital so far.
Multibagger stock made in one year: The share price of Tata Teleservices, a Tata group company, was about Rs 15 a year ago, which rose to Rs 290 per share by January 11. In this way, the stock gave a return of 1833 percent to the investors in a year in the boom of the market. While talking about the last 6 months, the share price was Rs 35.55 on 14 September 2021, which climbed to Rs 108 till the market closed on 11 March 2022, thus giving a return of about 204 percent to other investors.
Shares fell in recession: National Stock Exchange’s main index Nifty50 touched its highest level of 18,604 in October 2021. After which the market started declining, during which the Nifty fell by about 10 percent. On the other hand, if we talk about Tata Teleservices, this stock touched its high of Rs 290 on January 11. Since then the stock has been witnessing a steady decline. The share price was around Rs 108 per share till the market closed on March 11, 2022. The stock has fallen by more than 60% during this period.
A month ago, on 14 February 2022, the share price on NSE was Rs 147, which reached Rs 108.25 on 11 March 2022. In this way, there has been a decline of more than 26 percent during the last one month.
Investors’ losses: If an investor would have invested Rs 100 in this stock on January 11 this year, then his investment has become Rs 40. If an investor had invested Rs 100 in this stock 1 month ago, then his investment would have been Rs 74.