stocks to consider, first made the investors miserable, now the shares have caught the speed of ‘bullet’! do you have – adani enterprises paytm policybazaar share price soar again
On January 24, the Hindenburg Research report came out and since January 27, the shares of Adani group companies have started falling and investors have suffered huge losses in just ten days. But Adani Enterprises and Adani Ports rebounded well last week. At the same time, till last year, shares of Paytm and Policy Bazar had led to heavy losses for investors but both of them also registered good gains last week.
Two shares of troubled Adani gave good returns
Adani Enterprises registered a gain of over 16 percent in the previous week. So, after a 26 percent bounce in the last five days, the stock has fallen more than 50% in a month in the wake of the Hindenburg report. On 14 February 2022, the stock price was Rs 1,663.95 while on 24 January 2023, the share was at the level of Rs 3,442. That is, before the Hindenburg report, Adani Enterprises gave double returns to its investors. However, the bullish stock turned poor after January 24 and is now gradually winning back the confidence of its investors.
Apart from this, Adani Ports has recorded a jump of over 17 percent in the last five days and the share has fallen to Rs 584 from Rs 794.65 on January 13, 2022. So the stock has lost more than 26% in one month.
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Policy market on fast track
Policybazaar shares were also losing for the last one year, but for the past five days, the stock has been giving its investors a chance to smile. The stock has rallied more than 20 percent in the last five days, rising from Rs 429.80 to Rs 517. The stock has fallen more than 61% since November 18, 2021. That is, the once loss-making stock is now giving investors an opportunity to earn.
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Share of Paytm
Shares of Paytm, one of India’s largest IPOs, have disappointed market investors since its listing. Shares of Paytm closed down nearly 8 percent at Rs 650.75 on Friday. However, the stock has returned more than 19% in the last five days. Meanwhile, talking about share prices, the stock has gained more than 22% year-to-date and has lost around 25% over the past year. On February 14, 2022, the stock fell to Rs 438.35 and after November 24 last year, it improved and the stock reached Rs 650.75 from Rs 441.10.
(Note: The information given here is only about stock performance, it is not investment advice. Investing in stock market is subject to risk and consult your advisor before investing.)
