\nCurrent Price: ₹163.5
\nMarket Cap: ₹15,704.56 Crore
\nReturn over 6 months: -40.54%
Zee Entertainment has faced severe setbacks due to accounting issues and corporate governance concerns:
\nIndustry: Electronics – Components
\nCurrent Price: ₹473.95
\nMarket Cap: ₹8,416.67 Crore
\nReturn over 6 months: -30.38%
Syrma SGS Technology has faced financial challenges primarily due to declining earnings and cash flow issues:
\nIndustry: Fintech
\nCurrent Price: ₹424.25
\nMarket Cap: ₹26,969.72 Crore
\nReturn over 6 months: -29.38%
Paytm has experienced a significant decline due to leadership changes and a drop in market share:
\nThe sharp declines in the stock prices of Zee Entertainment, Syrma SGS Technology, and One 97 Communications serve as a stark reminder of the importance of due diligence, corporate governance, and financial health in investment decisions. By learning from these cases, investors can better navigate the stock market and make more informed choices to safeguard their wealth.
\nDisclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
\n","image":{"@context":"https://schema.org","@type":"ImageObject","url":"https://w3assets.angelone.in/wp-content/uploads/2024/06/The-Top-3-Wealth-Destroyers-of-2024.png","width":1920,"height":966},"datePublished":"2024-06-14T18:00:59+05:30"}In 2024, several companies have significantly eroded investor wealth, causing substantial financial pain and disappointment. Here, we highlight the top three wealth destroyers: Zee Entertainment, Syrma SGS Technology Ltd, and One 97 Communications Ltd (Paytm).
We delve into the reasons behind their declining stock prices and the critical lessons investors can learn from these developments.
Name | Industry | Current Price | Market Cap (Rs Crore) | Return over 6 months (%) |
Zee Entertainment | TV Broadcasting & Software Production | 163.5 | 15,704.56 | -40.54 |
Syrma SGS Tech. | Electronics – Components | 473.95 | 8,416.67 | -30.38 |
One 97 | Fintech | 424.25 | 26,969.72 | -29.38 |
Source: Screener, as of June 14, 2024
Industry: TV Broadcasting & Software Production
Current Price: ₹163.5
Market Cap: ₹15,704.56 Crore
Return over 6 months: -40.54%
Zee Entertainment has faced severe setbacks due to accounting issues and corporate governance concerns:
Industry: Electronics – Components
Current Price: ₹473.95
Market Cap: ₹8,416.67 Crore
Return over 6 months: -30.38%
Syrma SGS Technology has faced financial challenges primarily due to declining earnings and cash flow issues:
Industry: Fintech
Current Price: ₹424.25
Market Cap: ₹26,969.72 Crore
Return over 6 months: -29.38%
Paytm has experienced a significant decline due to leadership changes and a drop in market share:
The sharp declines in the stock prices of Zee Entertainment, Syrma SGS Technology, and One 97 Communications serve as a stark reminder of the importance of due diligence, corporate governance, and financial health in investment decisions. By learning from these cases, investors can better navigate the stock market and make more informed choices to safeguard their wealth.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Jun 14, 2024, 6:00 PM IST
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