Five Sensex stocks have shed over 30% since Oct 2021. Time to bottom fish?

Top 10 Sensex losers have tanked over 20 per cent, while 5 among these have plunged over 30 per cent since October 2021

The Indian equities have seen a spectacular rally post March 2020 with benchmark indices, BSE Sensex and Nifty 50, soaring almost 150 per cent from their Covid-19 lows of 25,638 and 7,511 respectively. 

While the Sensex hit a historic peak of 62,245 and Nifty 50 at 18,604 on October 19, 2021, the trend has been negative since then. So far, both the indices have dropped 16 per cent from their respective peaks and trade with extreme distress.

The descent could be attributed to global uncertainties that linger around Russia invading Ukraine, escalating crude prices, mounting inflation, and tightening monetary policies.