Wealth destroyers 2021: Up to 53% fall! MFs saw no value in these stocks but retail stayed put

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NEW DELHI: Six out of 10 top wealth destroyers of 2021 had MF ownership of less than 1 per cent, yet all of them saw an increase in retail and HNIs holding during the year. The combined individual holding reached double-digits in six of these 10 stocks by September quarter, data compiled from corporate database AceEquity suggests.

These stocks eroded up to half of the investor wealth. The benchmark BSE500 delivered a handsome return of 28 per cent during the same period.

The worst BSE500 performer of 2021 was

, which lost 53 per cent in value during the year. The stock closed at Rs 18.45 on Wednesday against Rs 39.30 at the end of 2020. At the end of the September quarter, the retail investors and HNIs together held 14.1 per cent in this small finance bank, up 768 basis points over 6.42 per cent in December 2020. The MF ownership in the SFB stood at 0.49 per cent as of September 30.
plunged 48 per cent and was the third-worst BSE500 performer. Retail and HNI investors owned a 24.84 per cent stake in this IT firm as of September 30, while MF ownership stood at 0.04 per cent.
dived 40 per cent for the year. While MF ownership in this stock was negligible, individual investors held a 29.86 per cent stake in the firm, up 428 basis points over 25.58 per cent at the end of 2020.

Strides Pharma Science plunged 50 per cent for the year. Individuals increased stake in this drug maker to 17.89 per cent from 13.28 per cent, up 461 basis points.

Spandana Sphoorty Financial plunged 42 per cent. Gulf Oil Lubricants India,

, Responsive Industries, Hathway Cable & Datacom and AstraZeneca Pharma India remained other stocks that fell 35-38 per cent for the year. Retail and HNI holding in these stocks rose to 713 basis points in the first three quarters of 2021.