- Wealth PMS (50L+)
Following a tweet from @jakesprime I checked the list of stocks that have fallen over 50% in the last month. With reasonable trading volumes.
|DBREALTY||D B Realty||198.60||413.75||52.00%||20.51|
|SELMCL||SEL Manufacturing Company||18.90||39.60||52.27%||36.82|
|KGL||Karuturi Global Limited||16.15||35.40||54.38%||24.78|
|GSSAMERICA||GSS America Infotech||184.15||410.05||55.09%||1.07|
|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|
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.