Cox & Kings & family of wealth destroyers: Investors flee stocks even at rock bottom pricing

Mumbai (IANS) Apart from the general weakness in the financial markets at present, sharp fall in some prominent stocks have caught the retail investors by surprise.

Traders have resorted to panic selling, often at rates even less than a rupee, some over reports of allegations of fraud and others over poor corporate governance or fast dwindling financials.

Such companies even saw the Foreign Investors lowering there bets on them over a period of time.

One such stock, Cox & King, turned out to be the biggest wealth destroyers in the past year.
 

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