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If you are stuck in stocks that have lost over half their value so far in 2018, then it may be hard to exit as liquidity shrinks.
Stocks like Vakrangee and Manpasand Beverages saw their market value erode by more than half in 2018 as concerns over the resignation of auditors just ahead of the quarterly results weighed on sentiment. The recent stock to be hit by the resignation of auditors was Atlanta.
Vakrangee, which was trading above Rs 400 per share in January, lost over 90 percent by June when it hit a fresh 52-week low of Rs 31. Manpasand Beverages, which was trading above Rs 440 per share in January, more than halved in the last 5 months. It closed at Rs 203.05 on June 1. Shares of Atlanta have plunged over 60 percent since the beginning of this year.
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