List of stocks which did not recover in current market rally
S&P 500 is sitting at record highs and now technically the US markets are out of bear market phase and have entered in the new bull market phase. Sensex has recovered almost 48 per cent from the lows in March with several stocks recouping their entire losses made in the massive correction witnessed in the beginning of the year.
However, there are several stocks that have not shown recovery in stock prices even when the broader markets and Sensex have shown a huge uptick. The laggards in the current market ca be expected to do the catching up. As expected, the laggards belong to the Banking sector and a few in the Hospitality sector. With economy opening up and things coming back to normal recovery in hospitality sector can be expected.
Following is the list of laggards that have not shown recovery in prices since March or are trading lower than their respective prices on March 23 (when market made a bottom) :
|
Company Name
|
Sector
|
Market Cap
|
Adjusted PE (x)
|
Returns since March 23 (%)
|
|
Yes Bank Ltd.
|
Bank
|
39536.64
|
0
|
-60.3
|
|
Chalet Hotels Ltd.
|
Hospitality
|
2899.04
|
51.23
|
-31.33
|
|
Rajesh Exports Ltd.
|
Diamond & Jewellery
|
13719.25
|
44.49
|
-15.41
|
|
Aditya Birla Fashion and Retail Ltd.
|
Retailing
|
12099.42
|
0
|
-12.99
|
|
Bank Of Baroda
|
Bank
|
21970.79
|
45.3
|
-11.86
|
|
Blue Dart Express Ltd.
|
Logistics
|
4496.68
|
0
|
-9.08
|
|
DCB Bank Ltd.
|
Bank
|
2547.33
|
8.73
|
-8.73
|
|
Vardhman Textiles Ltd.
|
Textile
|
4331.45
|
8.91
|
-7.66
|
|
Oberoi Realty Ltd.
|
Realty
|
13798.7
|
42.26
|
-6.75
|
|
City Union Bank Ltd.
|
Bank
|
9124.33
|
20.07
|
-5.32
|
|
Punjab National Bank
|
Bank
|
32184.35
|
64.83
|
-3.53
|
|
Schaeffler India Ltd.
|
Automobile & Ancillaries
|
10958.29
|
39.95
|
-3.14
|
|
IIFL Finance Ltd.
|
Finance
|
3009.92
|
18.92
|
-2.03
|
|
Spandana Sphoorty Financial Ltd.
|
Finance
|
3727.73
|
0
|
-2
|
|
Data as on March 19, 2020
|