Home Energy services 9 stocks down more than 40% from peak levels

9 stocks down more than 40% from peak levels

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1.EKI Energy Services Ltd

The current market price (CMP) of the share is Rs 7,380 each with a loss of 0.23% in trading today through noon. The stock’s 52-week high and low were 12,599 and 543 each, respectively. If today’s price is taken into consideration, the stock has so far fallen 41.43%. The market capitalization of EKI Energy is Rs 5073 crore. It has a P/E of 13.23 and the sector P/E is 40.02. EKI Energy Services Ltd offers climate change, carbon credit and other vital sustainability solutions.

It also provides asset management, carbon footprint management, sustainability, and quality control and management training, among others, according to the company’s official website. It posted healthy quarterly results with net profit climbing to Rs 383 crore in FY22. The multibagger stock returned a handsome 1258% in just one year.

2. Hinduja Global Solutions Ltd.

2. Hinduja Global Solutions Ltd.

The CMP of Hinduja Global Solutions Ltd. (HGS) is 967 with a loss of 0.22% through noon. The stock’s 52-week high is 1960 and the 52-week low is 846. Given its 52-week high, the stock is down nearly 50.01%. The market capitalization of the stock is Rs 4040 crore. The P/E for the stock is 0.66 and the P/E for the sector is 14.66. Considering the sector P/E, this is a low PE stock.

The stock gave a negative return of 19.63% in one year. HGS combines automation, analytics, and artificial intelligence with top-quality talent and deep domain expertise to deliver exceptional results in the areas of digital customer experience, back-office processing, HRO solutions, etc., according to its official website. HGS’s fourth quarter profit jumped to Rs 5,686 crore for the fourth quarter ending March 31. It recorded an after-tax profit of 130 crore.

3.Indian Energy Exchange Ltd.

3.Indian Energy Exchange Ltd.

The stock’s CMP is 178.15 today and given its peak levels, the stock is down 44.10%. The 52-week high and 52-week low were 318 and 118 respectively. The stock’s P/E is 51.77 while the sector’s P/E is 52.79. The title gave a positive return of 46.21% in one year. The market capitalization of the company is 16,015 crore.

According to its official webpage, IEX is a leading market and offers nationwide automated trading platforms for the physical delivery of electricity, renewable energy and certificates. Its total revenue for FY22 increased by 25.48% to 127.75 crore and PAT was recorded at 80.88 crore with an increase of 26%.

4. IRCTC

4. IRCTC

Indian Railway Catering & Tourism Corp Ltd or IRCTC CMP is at 656.10 and the stock has fallen 48% from its highs. The 52-week high and 52-week low of the IRCTC IS 1279 and 385, respectively. The market capitalization is 52,346 crores at the time of writing this report. The P/E is 78.96. The stock has given a positive return of 51% in one year. IRCTC is an extended branch of Indian Railways and came into existence in 1999.

It modernizes, professionalizes and manages catering and hospitality services in train stations and other places, according to its official website. IRCTC reported a 106% jump in net profit to Rs 214 crore for the quarter ending March 31. It reported a net profit of Rs 104 crore in the fourth quarter of the previous year. Its board also recommended a final dividend of 1.5 per share for FY22.

5. Computer Age Management Services Ltd.

5. Computer Age Management Services Ltd.

The stock’s CMP is 2395.25 and the stock has fallen 41.11% from its highs. The 52-week high and 52-week low of the stock are 4067 and 2037 respectively. The market capitalization is Rs 11,839 crore. The stock’s P/E is 40.91 which is almost equal to the sector’s P/E of 40.02. The title gave a negative return of 12% in one year. The Company offers transaction processing and customer service services. It also offers online transactions, mailbacks, capital accounting, and subscriptions, among others. It came into existence in 1988. Its consolidated revenue for the fourth quarter ending March 31 increased by 2.32% to 247.43 crore from Rs 241 crore in the same quarter the previous year. Its net profit after tax was 73.84 crore in the fourth quarter ending March 31.

6.Sportking India Ltd

6.Sportking India Ltd

Its CMP is 998.90 each. The 52-week high and 52-week low are 2046 and 422 respectively. Its market capitalization is 1,327 crore. The stock fell 51% from its high range. However, it gave a positive return of 113% in one year. Its P/E is 3.24 which is low compared to its sector P/E of 5.25. According to its official website, it came into existence in 1977 under the leadership of Mr. Jagdish Chandar Avasthi.

The company became the first vertically integrated textile conglomerate in India.

7. Other stocks that have fallen more than 40% from their peak levels

7. Other stocks that have fallen more than 40% from their peak levels

Bhansali Engineering Polymers Ltd fell 48.79% from its highs. Maithan Alloys Ltd fell 40.79% from its high levels. And, INEOS Styrolution India Ltd. fell more than 56% from its peak levels.