15 companies that saw highest YoY sales decline
We scanned over 5,000 companies listed on BSE to analyse their financial performance and find out which companies have posted a constant decline in their net sales during the last year. Read on to know more about the top 15 companies that registered the highest decline in net sales in the December 2018 ended quarter over the corresponding quarter a year ago.
Among these companies, Bharti Airtel is NIFTY 50 constituent whose performance was affected by price war started by Mukesh Ambani-led Reliance Jio. Other stocks like Suzlon and Aban Offshore, which were once the favourite of the investor community caused massive wealth destruction. At this point of time, Suzlon Energy is not even able to service its debt too. During its peak, the stock of Suzlon had touched a high of around Rs. 450 apiece and now its trading below Rs. 4 apiece.
The poor performance of these above-mentioned companies has reflected in their stock prices as shown under:
(Source: ACE Equity)