“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.