Brokerage firm Indo Thai Securities, which once rewarded shareholders with handsome returns, is now struggling to regain momentum as its shares remain caught in a downward spiral in 2026, leaving investors who entered the stock earlier this year facing significant losses.
After delivering multibagger returns for two consecutive years, the stock has plunged nearly 90% in 2026, falling to ₹31.70, its lowest level in more than two years. The steep sell-off has also dragged the company's market capitalisation down to around ₹420 crore.
For shareholders who were attracted by the stock's extraordinary past performance, those who entered in 2026 have been left with substantial losses.
According to Trendlyne shareholding data, retail and other public shareholders collectively held a 45% stake in the company at the end of the September quarter, up from 39.5% in the corresponding period last year.
Promoters continued to remain the largest shareholders, with a 54.8% stake in the company. Despite erasing much of its 2025 gains, the stock's five-year returns remain relatively strong at 188%. It finished the last annual year with a 132%, building on a massive 455% in 2024.