SBI tops list of stocks that lost maximum of market capitalisation since January 2020

SBI tops list of stocks that lost maximum of market capitalisation since January 2020

Geyatee Deshpande
/ Categories: Trending, DSIJ Academy

Sensex made its all-time high in January 2020 when it touched 42,273.87 levels. At that time, SBI was trading at Rs 313.95 per share. 

Now, when Sensex is again close to its all-time high levels, SBI is trading at Rs 203.30 per share. The stock is down by more than 35 per cent since the markets made all-time highs. 

An interesting fact to note here is that in absolute terms, SBI has lost more market capitalisation than any other listed stock on bourses. This shows how bearish investors have been on the counter in 2020. 

SBI lost around a whopping Rs 1,10,040 crore in its market capitalisation since markets made an all-time high. This loss is despite the gains in market capitalisation of Rs 2,989.75 crore since September 28, when banks staged a smart recovery. Long lists of top market cap losers include names such as Bajaj Finserv, L&T, ONGC, Axis Bank, HDFC, ICICI Bank, and ITC. 

List of stocks that lost most of its market capitalisation since the market made its all-time highs are:- 

Company Name

Sector

Latest Market Cap. (Rs cr)

Market Cap as on January 20, 2020 (Rs cr)

Market Cap lost since January (Rs cr)

State Bank Of India

Bank

176930.4

280188.2

-103258

ITC Ltd.

FMCG

206540

297337.5

-90797.4

Housing Development Finance Corporation Ltd.

Finance

351490

424528.2

-73038.2

ICICI Bank Ltd.

Bank

277006.2

346037.4

-69031.1

Oil & Natural Gas Corporation Ltd.

Crude Oil

88502.26

153919.7

-65417.5

Axis Bank Ltd.

Bank

143276.7

204929.7

-61653

Bajaj Finserv Ltd.

Finance

94136.16

152421.7

-58285.5

Larsen & Toubro Ltd.

Infrastructure

127535.5

183813

-56277.5

Coal India Ltd.

Mining

70809.75

123994.1

-53184.3

Bajaj Finance Ltd.

Finance

199920.4

249749.1

-49828.7

Data as October 9, 2020

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