Top 5 worst large-cap performers of 2018

The year 2018 has remained very volatile for the large-cap stocks. The S&P BSE Large-Cap index has struggled in the last one year and currently it has settled at the same level where it was one year back at 4223. It had touched 52-week high of 4573.03 on September 3, 2018, and 52-week low of 3867.52 on October 26, 2018.

Following table shows the top 5 worst-performing large-cap stocks:


Source : Ace Equity

The stock that majorly corrected was Vodafone Idea Limited. It has lost almost 7.3 million users and is facing very tough competition from Reliance Jio. Also, Vodafone Idea has posted net loss of Rs. 5016.10 crore in Q2FY19. The second loser was Tata Motors as its JLR remained under pressure in 2018. However, JLR has started improving, which would lead to improvement in performance in the near future.

Punjab National Bank was severely affected by the alleged fraud worth Rs 14,356.84 crore committed by Nirav Modi. It seems investors have almost lost their faith in the company. Central Bank of India’s net loss has increased on a yoy basis to Rs. 923.60 crore in Q2FY19 from Rs 750.41 crore in Q2FY18. And, lastly, NBCC, which holds strong order book, has failed to lure investors due to the tree felling issue in South Delhi's colonies.