5 Stocks That Turned Into Penny Stocks | moneymultiple.in
Here are some stocks that turned into penny stocks :
1. Reliance Communications (RCom): Reliance Communications, a telecom company, faced financial challenges and a sharp decline in its stock price, causing it to become a penny stock.
2. Suzlon Energy Ltd: Suzlon Energy, a renewable energy solutions provider, encountered financial difficulties and a decline in its stock price, resulting in its classification as a penny stock.
3. Jet Airways (India) Ltd: Jet Airways, an airline company, faced severe financial problems and eventually suspended its operations. Its stock price declined significantly, leading to it being categorized as a penny stock.
4. Vodafone Idea Ltd: Vodafone Idea, a telecommunications service provideexperienced financial struggles due to intense competition in the industry. The decline in its stock price resulted in its classification as a penny stock.
5. Jaiprakash Associates Ltd: Jaiprakash Associates, a diversified infrastructure conglomerate, faced financial challenges and a decline in its stock price, leading to its categorization as a penny stock.