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In the mid-2000s, as the real estate sector was at its peak, many developers expanded their operation to other parts of the country. Its promoters - the Chandras were the second wealthiest developers in India after Kushal Pal Singh of DLF. During the 2003-08 real estate boom, Unitech was one of its poster boys. Unitech was India's largest listed real estate company in 2007. Talking about wealth destroying stocks, ones belonging to the real estate sector feature on the top of our minds.Īnd one of them is the market darling of 2007 - Unitech. which went from 'Multibaggers to Multibeggers'.
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In today's article, we look at popular stocks that crashed big time and turned into penny stocks, i.e. Investing in fundamentally weak stocks and the ones that have corporate governance issues, doubtful related-party transactions, or heavy debt, can cause unparalleled damage. However, if it's not, you may as well be stuck in a value trap. Stocks never go up in a straight line.īut if the stock is of good quality, it will eventually recover and also end up giving good returns over the long term. Investing in stocks by its very nature is a bumpy ride. 15 Mistakes to Avoid while Investing in Stock Markets.10 Rules for Successful Long-Term Investing.Your Ultimate Guide to Penny Stock Investing.(Please do not use this option on a public machine)