On one hand, the Indian stock market has touched new heights in the recent past and there are many shares which have reached new all-time highs, breaking all the old records. But there are also shares of some big companies which are lying dormant despite the bull run in the last 3 years. These include many big names including Tech Mahindra, PVR and Tata Steel. Take a look at 10 such stocks, which are lying where they are during this period…
LTI Mindtree Share: It has increased by only 10 percent in the last 3 years. This stock has also disappointed its investors despite the stormy rise in the market. If we talk about the last one year, Sensex has crossed the level of 82000 and Nifty has also crossed 25000. If we talk about this stock, it has risen only 3.81 percent during this period. On Wednesday, the shares of this Rs 1.60 lakh crore company were trading at Rs 5,391.
Bajaj Finance Share: Talking about the shares of this company, during the three years of business this stock has also given a return of only around 5 percent. On August 13, 2021, the price of this share was Rs 6156, which is currently trading at Rs 6464. If we talk about the last one year, instead of providing benefits, it has caused loss to investors. Bjaja Finance Share has given a negative return of 7.85 percent in a year.
Bajaj Finserve Share: Talking about Bajaj Finserv, another company of Bajaj Group, it has given negative returns of about 46 percent in the last three years. Instead of benefiting from the rise 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 currently come down to Rs 1533.
Tech Mahindra Share: Mahindra Group company Tech Mahindra also did not pass on the benefits of the market rally to its investors as was expected. The price of this share was Rs 1399 on August 20, 2021, which is still around Rs 1514. If we look at it accordingly, during the last three years this stock has given only 8 percent return to the investors.
Tata Steel Share: Shares of Tata Group company Tata Steel are also included in the list of shares lying dormant 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, whereas on Wednesday this share was trading at Rs 145.21.
Asian Paint Share: Shares of Asian Paints can also be included in this list. This company with market capitalization of Rs 2.89 lakh crore has also not been seen benefiting from the market rally. On August 13, 2021, the price of one share of Aisan Paint was Rs 2988.70, while on Wednesday during trading in the stock market it was at Rs 3019.25. If we look at it accordingly, it was seen giving returns of only around 1 percent in three years.
These shares also grew at a slow pace
Apart from all these big companies, the stock of Kotak Bank is also included among the big companies which have disappointed investors in the last three years. This banking stock has given a negative return of only 2.08 percent to the investors during this period, while the share of Divi’s Laboratories Ltd has given a negative return of 5.87 percent. Steel Authority of India Share (SAIL Share) has given a negative return of 5.94 percent, while Mphasis Ltd Share has given a negative return of 1.35 percent.
(Note- Before making any investment in the stock market, definitely take advice from your market experts.)