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These are the top 10 loss-making companies in the country

Companies in Loss: Debt-ridden telecom company Vodafone Idea has become the biggest loss-making company in India in the second quarter after reporting a loss of Rs 7,562.8 crore in the September quarter. Not only Vodafone, other companies are also running in losses. HPCL, SpiceJet and Paytm also figure in the list of top 10 companies with worst bottomline.

So far more than 4,000 listed companies have declared their reports, out of which more than 1,100 companies have been in loss. Vodafone Idea’s financial woes can be gauged from the fact that the company’s shares have fallen more than 50 per cent from their 52-week high.

HPCL is in bad condition

Oil distribution company HPCL has emerged as the second biggest loss making company with a loss of Rs 2,172 crore during the quarter. The company’s stock has fallen more than 36 percent from its 52-week high during this period.

Two airlines companies are also involved

InterGlobe Aviation and SpiceJet reported losses of Rs 1,585.49 crore and Rs 837.88 crore. After these two airline companies, PSU company Mangalore Refinery and Petrochemicals has reported a loss of Rs 1,789.14 crore in the second quarter. This company is a subsidiary of ONGC. The company has suffered this loss due to an unexpected tax levied by the government. The company’s stock had hit a 1-year high of Rs 127.60 in June 2022. The stock has fallen about 59 percent since then.

Varroc Engineering and Paytm are also in bad shape

Varroc Engineering and Macrotech Developers, Mahanagar Telephone Nigam and Jaypee Infratech have also shown heavy losses in their reports.

One97 Communications ie Paytm has registered the tenth biggest loss of Rs 588.8 crore in the second quarter. Since its listing, the company has been incurring losses. However, the company is confident of turning profitable again by September 2023. The company’s stock is currently down 74 per cent from its 52-week high.

What should investors do

Many new investors often place bets on loss-making companies in the hope of getting multibagger returns. Sometimes doing so proves to be a waste. Market experts caution against such hopeful trading and suggest focusing on companies with high growth potential.

Before buying any stock it is very important to understand its basics. Do not invest without research.

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