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List of stocks which did not recover in current market rally

Geyatee Deshpande
·2-min read

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