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Stock Market Updates: On the one hand, the Indian stock market has touched new heights in recent times and there are many stocks that have broken all old records and reached new all-time highs. But there are also stocks of some big companies, which are sluggish despite the boom in the last 3 years. Which includes many big names including Tech Mahindra (PVR) and Tata Steel. A look at 10 such stocks, which fell to where they were during this period…
LTI Mindtree Share: In the last 3 years, it has gained only 10 percent. Despite the turbulent growth in the market, this stock has also disappointed its investors. Talking about the last one year, the Sensex has crossed the level of 82000 and the Nifty has also crossed the level of 25000. Talking about this stock, during this period it has gained only 3.81 percent. On Wednesday, the company's shares worth Rs 1.60 lakh crore were trading at Rs 5,391.
Bajaj Finance Shares: Talking about the shares of this company, during the three years of trading, this stock has also given a return of only 5 percent. On August 13, 2021, the price of this stock was Rs 6156, which is currently trading at Rs 6464. Talking about the last one year, instead of profit, investors have suffered loss. Bajaj Finance shares have given a negative return of 7.85 percent in one year.
Bajaj Finserv Shares: Talking about Bajaj Finserv, another company of Bajaj Group, it has given a negative return of about 46 percent in the last three years. Instead of benefiting from the boom in the market, the investors of this company have suffered losses. On August 13, 2021, the price of one share was around Rs 2863, which has now fallen to Rs 1533.
Tech Mahindra Share: Mahindra Group company Tech Mahindra has also not benefited from the market boom as expected by investors. On August 20, 2021, the stock price was Rs 1399, which is still around Rs 1514. According to this, in the last three years, this stock has given investors a return of only 8 percent.
Tata Steel Shares: The stock of Tata Steel, a Tata Group company, has also been included in the list of inactive stocks for the last three years. If we look at the performance of this stock during this period, investors have got a negative return of 0.57 percent. On August 13, 2021, the price of one share of Tata Steel was Rs 147.17, while on Wednesday the stock was trading at Rs 145.21.
Asian Paints Share: Asian Paints shares can also be included in this list. This company with a market capitalization of Rs 2.89 lakh crore also did not benefit from the market boom. On August 13, 2021, the price of one share of Asian Paints was Rs 2988.70, while on Wednesday during trading in the stock market it was at Rs 3019.25. According to this, only 1 percent return was seen in three years.
These stocks also grew at a slow pace
Apart from all these major stocks, Kotak Bank's stock is also included in the major stocks that disappointed investors in the last three years. During this period, banking stocks have given investors a negative return of only 2.08 percent, while Divi's Laboratories Limited has given a negative return of 5.87 percent. Steel Authority of India's shares (SAIL shares) gave a negative return of 5.94 percent, while Mphasis Limited's shares gave a negative return of 1.35 percent.
