Trent, RVNL among 10 former multibaggers that crashed in 2025 after spectacular 2024 rally - Former multibaggers turn sour in 2025

After a heady rally in 2024, several investor favourites that were once dubbed “multibaggers” turned out to be major disappointments in 2025. A common trait among these stocks was the elevated valuations they carried into the year. With performance expectations sky-high and room for error limited, any earnings miss was met with sharp price corrections. According to Trendlyne data, all the top 10 underperformers of 2025 had valuation scores below 25 in 2024, placing them in the "expensive/bad" category. As growth began to normalise and operating metrics softened, stretched valuations triggered steep stock declines, with some names falling over 40% in a year. TIL Creatives 2/11 Trent | 2025 returns: -41% | 2024 returns: +136% Trent shares declined 41% in 2025 after a stellar 136% rally in 2024. Revenue growth slowed from FY24 highs, while rising costs, store density and employee expenses weighed on margins. Dixon Technologies dropped 28% in 2025 after gaining 178% in 2024. The company's shift beyond smartphones into new verticals is ongoing, but margin pressures remain due to capital intensity and execution risk. RVNL shares corrected 21% in 2025 after surging 139% the previous year. The slowdown came as earnings momentum weakened, with YoY EBITDA growth turning negative and revenue growth moderating amid execution delays. Oracle Financial Services saw a 39% drop in 2025 following a 202% jump in 2024. The sharp correction followed weaker-than-expected financial performance, missed earnings, and a decline in revenues due to delayed implementations and cautious IT spending. Kalyan Jewellers fell 36% in 2025 after a 105% rally in 2024. While revenue grew, high gold prices impacted demand and ticket sizes, and rising competition hurt margins. ETMarkets.com 7/11 Premier Energies | 2025 returns: -35% | 2024 returns: +191% Premier Energies dropped 35% in 2025 after rising 191% the year before. The correction came amid valuation concerns and delays in solar project rollouts, with volatility in global solar prices adding pressure. Kaynes Technology shares slid 44% in 2025 after a 174% gain in 2024. The stock faced investor concerns around financial transparency and related-party transactions, leading to sustained selling pressure. Jyoti CNC Automation lost 28% in 2025 following a massive 314% rally the year before. Despite a healthy order book, high capacity utilisation limited revenue ramp-up, and capex-led growth is expected only by late 2026. Anant Raj corrected 35% in 2025 after a 179% gain in 2024. Revenue growth slowed to around 9% in FY26, down from 40% in FY25, and Q2 EBITDA missed estimates. Agencies 11/11 Aditya Birla Real Estate | 2025 returns: -31% | 2024 returns: +103% Aditya Birla Real Estate declined 31% in 2025 after a 103% rise in 2024. The absence of new launches and project execution delays led to losses in Q2 and muted investor sentiment. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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