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Business
11 Penny Stocks on Gujarat Cotex Drop 84% in Six Months
✍️ The Economic Times
🗓 15 Nov 2026, 02:48 PM
👁 14
Eleven penny stocks listed on Gujarat Cotex have fallen as much as 84% over the past six months, according to market data. The sharp decline has raised concerns among investors and market observers.
Market analysts note that the 11 penny stocks, which are typically low-priced and highly volatile, experienced a steep decline in their share prices over the last half-year. The largest drop among them reached 84%, marking a significant loss for holders.
The stocks, all traded on the Gujarat Cotex platform, saw a combination of weak earnings reports and broader market sell‑off pressures contribute to the slump. Investors who had purchased these shares at earlier peaks now face substantial unrealised losses.
Regulators are monitoring the situation closely, as such sharp falls in penny stocks can signal liquidity issues or potential market manipulation. The Gujarat Cotex board has issued a statement urging investors to exercise caution and review their portfolios.
The decline has also prompted discussions about the need for stricter listing standards and enhanced disclosure requirements for low‑value securities on regional exchanges.
The stocks, all traded on the Gujarat Cotex platform, saw a combination of weak earnings reports and broader market sell‑off pressures contribute to the slump. Investors who had purchased these shares at earlier peaks now face substantial unrealised losses.
Regulators are monitoring the situation closely, as such sharp falls in penny stocks can signal liquidity issues or potential market manipulation. The Gujarat Cotex board has issued a statement urging investors to exercise caution and review their portfolios.
The decline has also prompted discussions about the need for stricter listing standards and enhanced disclosure requirements for low‑value securities on regional exchanges.