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.