Indo Thai Securities Stock Plunges Nearly 90 Percent Following Weak Second Quarter Losses

Shares of brokerage firm Indo Thai Securities have crashed nearly 90 percent in 2026 to ₹31.70, hitting a low not seen in over two years. This steep drop wiped out most of the company's past gains and brought its total market value down to around ₹420 crore. Investors who bought the stock earlier this year are now sitting on heavy losses after two straight years of massive returns.

Financial Results

The sharp sell-off came after weak business results that disappointed the market. Indo Thai Securities reported a net loss of ₹35.58 crore for the second quarter of fiscal year 27, which is a big drop from the net profit of ₹14.61 crore during the same period last year. Operating revenue dropped 68.1 percent to ₹7.54 crore. The company's earnings before interest, taxes, depreciation, and amortization turned negative at a loss of ₹42.51 crore. For the first half of the fiscal year, the net loss reached ₹24.47 crore with revenue falling 62.1 percent.

Shareholding

Retail and other public shareholders held a 45 percent stake in the firm at the end of the September quarter, up from 39.5 percent in the previous year. Company promoters remained the largest stakeholders with a 54.8 percent share. Despite the recent crash, long-term returns remain high due to massive past gains of 455 percent in 2024 and 132 percent in the last annual year, leaving the five-year return at 188 percent.

Context

Stock markets often see sharp pullbacks in shares that previously delivered massive multibagger gains as investors rush to book profits. When a company's underlying financial earnings drop significantly due to falling revenue and rising losses, public and retail investors who bought near the peak frequently face sudden downturns.