In 2023, despite the overall positive performance of the Indian market, numerous stocks faced a significant decline of up to 95 percent, resulting in substantial losses for investors. Let's delve into seven such stocks that have eroded between 80 percent and 95 percent of investor wealth in 2023. Despite the overall positive performance of the Indian market in 2023, several stocks experienced a staggering decline of up to 95 percent, resulting in substantial losses for investors. Most of these stocks fall into the category of penny stocks, which often attract investors with their low investment thresholds and the potential for high profits. However, dealing with such stocks requires caution due to the inherent risks and the difficulty in identifying viable options. Let's examine seven such stocks that have eroded between 80 percent and 95 percent of investor wealth in 2023: All five stocks, namely Karnavati Finance, Penta Gold, Sel Manufacturing Co, Bheema Cements, and White Organic Retail, have experienced financial setbacks in 2023. Karnavati Finance, engaged in financial activities, has reported losses, indicating potential challenges in its financial operations. Penta Gold, operating in the precious metals sector, has faced losses, reflecting difficulties in its business. Sel Manufacturing Co, involved in manufacturing, particularly textiles, has incurred losses, signaling challenges in its manufacturing operations. Bheema Cements, operating in the cement industry, has recorded financial losses, pointing to potential hurdles in its business. White Organic Retail, trading and retailing organic products, witnessed a significant decline of 95 percent in its stock price, reflecting challenges in its trading activities. These instances underscore the risks associated with these stocks and caution is advised when considering investments in such companies.