5 traders' fav stocks that were worst performers in 2012

The constant overhang on Tulip Telecom has been the Foreign Currency Convertible Bond (FCCB) redemption, which failed in August. From August to date the stock is down 65 percent. Further Fitch had downgraded the status of Tulip Telecom which added further pressure to the stock. Importantly keep an eye on this stock because any positive news on the redemption could see the stock move in the upward direction.

Profitability has never been BEML 's strong point but the truck scam controversy that came up earlier this year added pressure to the stock. So the management has indicated that BEML is likely to move towards profitability in 2013. However with the scam in focus the stock continues to be under pressure. So that stock is down nearly 40 percent odd, year to date.

Indraprastha Gas (IGL) has been seeing various moves as it even fell as low as Rs 187. In early April, the stock corrected nearly 50 percent owing to Petroleum and Natural Gas Regulatory Board (PNGRB) ruling that there would be various cuts on a retrospective basis. IGL has been arguing about the impossibility keeping in mind that it would not be possible to recover these funds and if in case this was implemented it would add further pressure to the stock on the downside. Importantly now the next trigger for the stock is likely to be in March 2013. So depending on the outcome of that particular year we could see the stock head even moving towards more than Rs 300.

10 predictions that went wrong in 2012

The last stock is OnMobile , which is down around 34 percent. The corporate governance issues were the primary reason why this particular stock has been seeing pressure. So post KPMG’s report that came out earlier in July 2012 all the pledged shares of the promoters were sold off owing to margin triggers, we did see the promoter stake falling from around 49 percent to 39 percent also important 8 percent of the shares that were held by big funds were sold as well.