Investors are losing trust in FIIs and brokerage house ratings. FIIs invested at the highest P/E, and now disappointing earnings have turned into a nightmare: 1. Paytm (FII 56%) – Down 23% from the peak 2. Zomato (FII 47%) – Down 33% from the peak 3. Delhivery (FII 53%) – Down 55% from the peak 4. Swiggy (FII 6%) – Down 32% from the peak 5. Trent (FII 21%) – Down 33% from the peak 6. Dixon (FII 23%) – Down 23% from the peak 7. Amber (FII 28%) – Down 22% from the peak 8. Kalyan Jewellers (FII 14%) – Down 30% from the peak Even in fundamentally strong stocks, investor confidence is shaken due to poor FII decisions: - Axis Bank (FII 47%) – Down 28% from the peak - Astral (FII 21%) – Down 40% from the peak - Voltamp (FII 26%) – Down 47% from the peak - Asian Paints (FII 13%) – Down 34% from the peak - Havells (FII 23%) – Down 28% from the peak By manipulating loss-making companies, FIIs have eroded trust, impacting even their holdings in good stocks. PSUs have delivered better earnings, and companies like Reliance and TCS have posted strong results. Yet, FIIs remain fixated on companies like Paytm and Zomato. This is the *karma* of market manipulation.