Shakti Pumps and 4 other multibagger stocks of 2024 that fell massively in 2025

Synopsis: Several high-flying stocks that delivered massive returns in 2024, including Insolation Energy, T&R India, Newgen Software, Shakti Pumps, and PG Electroplast, have faced steep corrections of 47–67% in CY25, highlighting the volatile nature of market sentiment even for top-performing companies

The stock market often behaves like a rollercoaster, and last year’s multibaggers are a clear example. Many stocks that generated massive returns in 2024, delivering returns of 100% or more, have faced significant declines this year, wiping out much of their previous gains.

From this group, we identified 5 major stocks that have experienced steep corrections, with share prices falling between upto 67% after their stellar 2024 performance. These stocks, once investor favourites, now serve as a reminder of how quickly market sentiment can change, even for high-flying companies.

Here is the list of stocks to look out for

Insolation Energy Ltd

Insolation Energy Ltd is an Indian manufacturer of solar products like panels, batteries, and inverters, based in Jaipur, Rajasthan, known for its growing high-efficiency production capacity and focus on sustainable energy solutions, expanding from modules to solar cells with plans for significant capacity growth to meet rising demand in the renewable energy sector. 

With a market capitalization of Rs. 2,941.58 crores on Wednesday, the shares of the company jumped upto 4.8 percent, making a high of Rs. 136.80 per share compared to its previous closing price of Rs. 130.50 per share.

In CY25, the stock experienced a significant correction, declining by 67%, dropping from Rs 367.94 to Rs 120.30. This followed a remarkable rally in the previous year (CY24), where the stock had surged by 393%, reflecting extremely strong momentum and investor optimism.

Transformers & Rectifiers India Ltd

Transformers & Rectifiers (India) Ltd (T&R) is engaged in the manufacture of diverse transformers (power, distribution, furnace, specialty) and rectifiers, serving domestic & international markets in power, steel, railways, and renewables; known for high-voltage capabilities and ISO certifications, they’ve installed thousands of units globally.

With a market capitalization of Rs. 7,357.06 crores on Wednesday, the shares of the company jumped upto 0.7 percent, making a high of Rs. 247.30 per share compared to its previous closing price of Rs. 245.35 per share.

In CY25, the stock experienced a significant correction, declining by 59%, dropping from Rs 597.03 to Rs 243. This followed a remarkable rally in the previous year (CY24), where the stock had surged by 391%, reflecting extremely strong momentum and investor optimism.

Newgen Software Technologies Ltd

Newgen Software Technologies Ltd. is an Indian global software company providing an AI-enabled, low-code digital transformation platform (NewgenONE) for automating complex processes like onboarding, lending, and service requests, used across banking, insurance, government, and healthcare. It offers solutions for workflow automation, content management, and customer communication, helping enterprises rapidly build applications for agility and competitive advantage.

With a market capitalization of Rs. 12,069.97 crores on Wednesday, the shares of the company jumped upto 1.1 percent, making a high of Rs. 854.10 per share compared to its previous closing price of Rs. 844.50 per share.

In CY25, the stock experienced a significant correction, declining by 50%, dropping from Rs 1,699.70 to Rs 855.15. This followed a remarkable rally in the previous year (CY24), where the stock had surged by 118%, reflecting extremely strong momentum and investor optimism.

Shakti Pumps (India) Ltd

Shakti Pumps (India) Ltd., is a leading manufacturer of energy-efficient pumps and motors, renowned for pioneering stainless steel pumps and solar pumping solutions in India, serving agriculture, industry, and homes with sustainable water management. They offer a broad range of products, including solar pumps, submersible pumps, EV motors, and controllers, with a strong focus on innovation, quality, and expanding their global footprint in green energy. 

With a market capitalization of Rs. 7,133.02 crores on Wednesday, the shares of the company jumped upto 1.2 percent, making a high of Rs. 579.75 per share compared to its previous closing price of Rs. 572.35 per share.

In CY25, the stock experienced a significant correction, declining by 47%, dropping from Rs 1,117.30 to Rs 588.40. This followed a remarkable rally in the previous year (CY24), where the stock had surged by 525%, reflecting extremely strong momentum and investor optimism.

PG Electroplast Ltd

PG Electroplast Ltd (PGEL) is a major Indian Electronic Manufacturing Services (EMS) and OEM provider, offering design to production for big brands in consumer electronics (ACs, TVs, appliances), automotive plastics, and sanitaryware, known for plastic molding, PCB assembly, and comprehensive solutions with multiple plants and a large client base. 

With a market capitalization of Rs. 15,844.01 crores on Wednesday, the shares of the company declined upto 0.9 percent, making a low of Rs. 551.80 per share compared to its previous closing price of Rs. 556.85 per share.

In CY25, the stock experienced a significant correction, declining by 47%, dropping from Rs 1,022.85 to Rs 545.85. This followed a remarkable rally in the previous year (CY24), where the stock had surged by 314%, reflecting extremely strong momentum and investor optimism.

Written By Sridhar J

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