Companies that decimated investor wealth have made five kinds of mistakes

There are stories aplenty on the top wealth-creating stocks in India and what made them tick. But what about the wealth-destroyers? Analysing stock price returns for 2,300 BSE-listed stocks since 2006, we found that 630 of them had wiped out 50 to 90 per cent of their investor’s wealth in the last ten years. So what turns a fancied business into a long-term decimator of investor wealth? Well, ...