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HomeMoneyThese loss making companies gave up to 1800% returns this year

These loss making companies gave up to 1800% returns this year

Highlights

  • Tata Teleservices Maharashtra gave 1,839.77 percent return
  • Shares of Parsvnath Developers rose 346.46 percent
  • Textile company Sintex Industries gave 227 percent return
  • MTNL and Jyothi Structures gave more than 100% returns

New Delhi
The year 2021 is at its last stop. Many loss making start-ups entered the stock market this year with high valuations. There was a lot of discussion on this too. But during this period at least 7 companies running in loss gave returns up to 1800 percent. This has been revealed in the data of corporate database AceEquity.

Shares of Tata Teleservices Maharashtra rose 1,839.77 per cent this year. The company last reported profit in the March quarter of 2019. Tata Sons had decided to bring this telecom company in the new avatar Tata Tele Business Services (TTBS). Tata Sons has decided to write off its investment of Rs 28,600 crore in Tata Teleservices.

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Similarly, the share of loss-making company Parsvnath Developers has given 346.46 percent return so far this year. The developer had last reported profits in the June quarter of 2016. Brokerage ULJK said in a note on December 9 that the company has a land bank of Rs 7,000-10,000 crore, especially in North India. The company can pay off its debt by selling it.

The stock of textile company Sintex Industries has climbed 227 percent so far this year. It has picked up pace since September. In May, the Ahmedabad Bench of the NCLT had initiated insolvency proceedings against it. Mukesh Ambani’s Reliance Industries has partnered with Asset Care and Reconstruction Enterprise (ACRE) to buy it. This has led to a jump in the shares of the company.

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Returns up to 160 percent
Similarly, loss-making MTNL, Jyoti Structures, GTL Infrastructure and Nagarjuna Fertilizers and Chemicals (NFCL) have given 120 to 160 per cent returns this year. The government has taken steps to sell the real estate assets of MTNL. Since then the shares of MTNL have risen. Shares of NFCL rose 121 per cent, Jyothi Structures by 167 per cent and GTL Infrastructure by 137 per cent.

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