Following a tweet from @jakesprime I checked the list of stocks that have fallen over 50% in the last month. With reasonable trading volumes.
Symbol | Name | 11-Dec | 11-Nov | Fall | Traded (Cr.) |
GITANJALI | Gitanjali Gems | 180.75 | 367.90 | 50.87% | 140.94 |
DBREALTY | D B Realty | 198.60 | 413.75 | 52.00% | 20.51 |
DCM | DCM Limited | 77.95 | 162.50 | 52.03% | 13.12 |
SELMCL | SEL Manufacturing Company | 18.90 | 39.60 | 52.27% | 36.82 |
KGL | Karuturi Global Limited | 16.15 | 35.40 | 54.38% | 24.78 |
KOUTONS | Koutons Retail | 44.55 | 98.20 | 54.63% | 2.56 |
SMPL | Sujana Metals | 19.90 | 44.05 | 54.82% | 6.17 |
GSSAMERICA | GSS America Infotech | 184.15 | 410.05 | 55.09% | 1.07 |
GAL | Gyscoal Alloys | 32.45 | 75.50 | 57.02% | 2.68 |
PARAL | Parekh Aluminex | 227.90 | 565.20 | 59.68% | 4.23 |
FARMAXIND | Farmax India | 17.05 | 43.60 | 60.89% | 13.57 |
CEBBCO | Commercial Engg & Body Builders Co | 43.50 | 115.95 | 62.48% | 2.60 |
SHREEASHTA | Shree Ashtavinayak Cine Vision | 15.95 | 48.45 | 67.08% | 41.02 |
MMFSL | Money Matters Financial Services | 206.65 | 670.00 | 69.16% | 3.46 |
MVL | MVL Limited | 18.45 | 60.75 | 69.63% | 0.81 |
Some of these are “scam tainted” – like MMFSL in the Bribery case. But even partially negative mentions like KGL or stocks like Gitanjali have seen huge falls. Perhaps there are reasons – like a squeeze on leveraged buyers or promoters, bad news about the company, operators managed falls etc.
But just as likely: some of these stocks are real value buys, in an otherwise overpriced market. While they are all technically weak, some seem to have done their moves; and I’d look for them to move up above their 100 day moving averages.