Synopsis: IEX, IREDA, Kaynes Technology, IRCTC, and Swiggy have fallen up to 62% from their all-time highs, wiping out significant investor wealth and highlighting the risks of stock market investing.
Many well-known stocks have fallen as much as 62 percent from their all-time highs, causing huge losses for investors. This shows that even popular companies can face tough times because of poor business performance, weak market conditions, or changing industry trends. Investing only based on past success can be risky. Before buying any stock, it is important to study the company’s financial health, future growth, and risks instead of following market hype. Here are a few stocks that have destroyed huge wealth up to 62% from their all-time high
Indian Energy Exchange Limited
With a market capitalization of Rs. 10,882.89 crore, the shares of Indian Energy Exchange Limited were currently trading at Rs. 121.10 per equity share, down nearly 1.10 percent from its previous day’s close price of Rs. 122.45.
The stock has declined by 62 percent from its all-time high of Rs. 318.65 on 19 June 2021 to the current trading price of Rs. 121.10 per share. In the calendar year, the stock has given a negative return of 9.34 percent.
IEX shares fell sharply from their all-time high after the electricity regulator approved the implementation of market coupling, a system that could reduce the company’s role in electricity price discovery. Investors feared the move would weaken IEX’s dominant market position, lower trading volumes, and put pressure on future revenue and profit growth. Regulatory uncertainty further hurt investor sentiment.
Indian Energy Exchange Limited (IEX) is an Indian company that operates an electronic marketplace for trading electricity and related energy products. It is India’s largest power exchange, providing a nationwide platform that helps electricity buyers and sellers discover competitive prices while improving transparency, efficiency, and payment security in the short-term power market.
Indian Renewable Energy Development Agency Limited
With a market capitalization of Rs. 34,665.91 crore, the shares of Indian Renewable Energy Development Agency Limited were currently trading at Rs. 123.40 per equity share, down nearly 1.40 percent from its previous day’s close price of Rs. 125.15.
The stock has declined by 60.19 percent from its all-time high of Rs. 310 on 15 July 2024 to the current trading price of Rs. 123.40 per share. In the calendar year, the stock has given a negative return of 11.44 percent.
IREDA corrected after an exceptional post-listing rally, as investors booked profits following a sharp rise in the stock. Concerns over rich valuations, slower price momentum, and weaker market sentiment also weighed on the shares. Although the company’s business remained healthy, the stock underwent a normal correction after a massive run-up.
Indian Renewable Energy Development Agency Limited (IREDA) is an Indian government-owned financial institution that finances renewable energy and energy efficiency projects. Established in 1987, it operates as a Navratna public sector enterprise under the administrative control of the Ministry of New and Renewable Energy (MNRE) and plays a central role in supporting India’s clean energy transition through loans and other financial assistance.
Kaynes Technology India Limited
With a market capitalization of Rs. 22,069.15 crore, the shares of Kaynes Technology India Limited were currently trading at Rs. 3,292.20 per equity share, down nearly 0.61 percent from its previous day’s close price of Rs. 3,312.40.
The stock has declined by 57.91 percent from its all-time high of Rs. 7,822 on 1 January 2025 to the current trading price of Rs. 3,292.20 per share. In the calendar year, the stock has given a negative return of 16.54 percent.
Kaynes Technology declined from its peak mainly due to profit booking after a strong rally and concerns over expensive valuations. Investors also turned cautious as expectations for earnings growth became very high, while broader weakness in high-valuation electronics and manufacturing stocks added selling pressure despite the company’s healthy order book.
Kaynes Technology India Limited is an Indian electronics system design and manufacturing (ESDM) company that provides end-to-end product design, engineering, manufacturing, and lifecycle support services. It has become one of India’s prominent Electronics Manufacturing Services (EMS) players, serving industries such as automotive, aerospace, defense, industrial automation, medical technology, railways, IoT, and information technology.
Indian Railway Catering and Tourism Corporation Limited
With a market capitalization of Rs. 39,980.00 crore, the shares of Indian Railway Catering and Tourism Corporation Limited were currently trading at Rs. 499.75 per equity share, down nearly 0.23 percent from its previous day’s close price of Rs. 500.90.
The stock has declined by 60.90 percent from its all-time high of Rs. 1,278.25 on 19 October 2021 to the current trading price of Rs. 499.75 per share. In the calendar year, the stock has given a negative return of 27.13 percent.
IRCTC shares have remained below their peak because of concerns over government policy decisions, including changes in catering and ticketing operations, along with slower earnings growth. High valuations after previous rallies also triggered profit booking, while investors looked for stronger growth catalysts before returning to the stock.
Indian Railway Catering and Tourism Corporation Limited (IRCTC) is a Government of India public sector company under the Ministry of Railways that manages railway ticketing, catering, tourism, and related travel services. Established in 1999, it has become one of India’s most recognizable digital public-service companies through its online train reservation platform and extensive passenger services.
Swiggy Limited
With a market capitalization of Rs. 72,803.27 crore, the shares of Swiggy Limited were currently trading at Rs. 263.45 per equity share, down nearly 1.01 percent from its previous day’s close price of Rs. 266.15.
The stock has declined by 57.32 percent from its all-time high of Rs. 617.30 on 23 December 2024 to the current trading price of Rs. 263.45 per share. In the calendar year, the stock has given a negative return of 32.36 percent.
Swiggy shares declined after its listing due to concerns over high valuations, continued losses, and intense competition in food delivery and quick commerce. Selling pressure also increased after lock-in expiries allowed early investors to exit. Investors remained cautious about the company’s path to sustainable profitability amid aggressive expansion spending.
Swiggy Limited is an Indian technology company that operates a hyperlocal convenience platform centered on online food delivery and quick commerce. Founded in 2014 and headquartered in Bengaluru, it has grown into one of India’s best-known consumer internet companies, serving hundreds of cities through its food delivery marketplace and expanding into groceries, dining, and other on-demand services.
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