“Humpty Dumpty sat on a wall.

Humpty Dumpty had a great fall.”

Like the Humpty Dumpty in the popular rhyme, these stocks have had a great fall.

The rise was meteoric. It came very fast.

The fall was catastrophic and brutal. It undid the gains of last year in just a few days.

The ferocity of fall is unbeleivable.

Let us see the chart for last 1 year.

The 52 week low of 424.05 was seen yesterday. In October 2022, this stock had traded at a high of 987.65.

Now a look at Adani Enterprise:

From a high of 4190 to the 52 week low of 1494.75 yesterday.

In one year, it has lost just 10.65% but the loss is more than 60% from the high level.

Fall is always painful.

Next part of the rhyme:

“All the King’s men and horses,

Could not put together Humpty Dumpty again.”

Will there be a move upward again.

Or will these stocks remain fallen like Humpty Dumpty.

We wait and watch.

Few years ago, there was YESBANK which had a similar story. It never recovered from that.

Will these stocks have a different ending.

Time will tell like it always does.