1 week Ago
The bull run in Indian equities since the Covid pandemic in 2020 has been one of the strongest in market history. However, according to an ET study, nearly 10% of listed stocks are still trading below their pre-Covid levels, five years later. Most of these underperformers have witnessed sharp corrections over the last six months, effectively wiping out the gains they had made during the post-COVID bull market phase that lasted until September 2024.
Here is the list of 10 such stocks that are still trading below both their pre-covid levels: Bandhan Bank is currently trading 60.7% below its price as of February 28, 2020. Compared to its level on September 30, 2024, the stock is down 24.
4%. Zee Entertainment has seen a 55.1% decline from its pre-COVID level recorded on February 28, 2020.
From September 30, 2024, the stock is down by 21.7%. Whirlpool of India is currently trading 50.
3% below its February 2020 level. The stock has also declined by 52.8% from its price on September 30, 2024.
Yes Bank is down 50.3% from its closing price on February 28, 2020. Compared to its value on September 30, 2024, it has declined by 23.
6%. RBL Bank has fallen by 41.5% from its level on February 28, 2020.
As of September 30, 2024, it is down 16.8%. Relaxo Footwears is trading 41.
3% lower than its pre-COVID level as of February 2020. The stock is also down by 49.7% from its price on September 30, 2024.
IndusInd Bank is currently trading 38.5% below its February 28, 2020 level. From September 30, 2024, the stock has dropped 53.
1%. Kansai Nerolac Paints has declined by 26.8% since February 28, 2020.
Compared to its price on September 30, 2024, the stock is down 21.3%. Bata India has fallen by 26.
1% from its pre-pandemic level. Since September 30, 2024, it is trading 15.6% lower.
City Union Bank is trading 24.7% below its February 2020 closing price. Compared to its level on September 30, 2024, the stock has seen a marginal decline of 1.
3%. (City Union Bank is trading 24.7% below its February 2020 closing price.
Compared to its level on September 30, 2024, the stock has seen a marginal decline of 1.3%. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own.
These do not represent the views of The Economic Times) : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times).
