These 10 penny stocks that wiped out investors' wealth by over 95%

SUMMARY

Penny stocks are typically regarded as high-risk stocks. As the economy faced a slowdown in the past 1 year, shareholders' wealth in some small-cap stocks declined up to 95 percent. Here are 10 penny stocks that have reported the highest loss in the last one year:

By Mousumi Paul Feb 11, 2020 6:30:56 AM IST (Updated)

GTL Infrastructure's share price in the last one year has slipped 63 percent. The stock is down by over 12 percent to Rs 0.35 per share on the NSE on Monday. (Image Reuters)

Reliance Communication's shares plunged 86 percent over the last year. (Image Reuters)

In the last one year, real estate company Jaypee Infratech shares have tanked 60 percent to Rs 1.05 per share on the NSE. (Company Image)

Reliance Power stock in the last one year has wiped out 84 percent of shareholders' wealth.

Jaiprakash Associates is a real-estate focused company that has erased 63 percent of shareholders' money in a year.

Reliance Naval & Engineering is engaged in the construction of vessels, repairs, and refits of ships and rigs. The stock has plunged 77 percent in the last one year. (Company Image)

3i Infotech is another stock that has depleted 22 percent of shareholders' wealth in the last one year.

HDIL's is another real estate company that has wiped out 89 percent of shareholders' wealth in the last one year.

This is one stock that has erased 90 percent of shareholders' wealth from their portfolios in the last one year.

Sintex Industries has reported the highest loss amongst all penny stocks of 91 percent (Company Image)