The Inventory market had declined by 40 p.c from its excessive of January 2020, of Rs. 12,430 to a Low of Rs. 7,511 on twenty fourth March, 2020. Shares had been in a free-fall, buying and selling at ranges that weren’t even considered.
The restoration was additionally as sharp as the autumn, and several other shares have given multibagger returns from that degree. However after 5 years, some shares have declined even beneath their Covid lows.
Right here is the record of 5 well-known shares which have declined beneath their COVID low:
1. Relaxo Footwear
Relaxo Footwears Restricted is one in every of India’s main footwear producers, recognized for its inexpensive and sturdy merchandise. Established in 1976 and headquartered in New Delhi, the corporate produces a variety of footwear
With a Market Capitalization of 10,318 Crore, the inventory is at present buying and selling 17.20 p.c beneath its COVID-19 degree low of Rs. 500, with the present market worth at Rs. 414.
2. Bandhan Financial institution
Bandhan Financial institution Restricted is a private-sector financial institution in India, recognized for its robust concentrate on monetary inclusion and microfinance. Established in 2015 and headquartered in Kolkata, the financial institution developed from Bandhan Monetary Providers, a number one microfinance establishment.
With a Market Capitalization of twenty-two,584 Crore, the inventory is at present buying and selling 7.89 p.c beneath its COVID-19 degree low of Rs. 152, with the present market worth at Rs. 140.
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3. Safety and Intelligence Providers
Safety and Intelligence Providers (India) Restricted (SIS) is a number one supplier of safety, facility administration, and money logistics options in India and overseas. Established in 1985 and headquartered in Patna, the corporate operates throughout numerous sectors, together with banking, retail, infrastructure, and hospitality.
With a Market Capitalization of Rs. 4,457 Crore, the inventory is at present buying and selling 8.03 p.c beneath its COVID-19 degree low of Rs. 336, with the present market worth at Rs. 309.


4. Whirlpool of India
Whirlpool of India Restricted is a number one house home equipment producer and a subsidiary of Whirlpool Company, USA. Established in India in 1960 and headquartered in Gurugram, the corporate gives a variety of merchandise, together with fridges, washing machines, air conditioners, microwaves, and kitchen home equipment.
With a Market Capitalization of Rs. 11,922 Crore, the inventory is at present buying and selling 30.13 p.c beneath its COVID-19 degree low of Rs. 1,344, with the present market worth at Rs. 939.
5. Johnson Controls Hitachi
Johnson Controls-Hitachi Air Conditioning India Restricted is a number one producer of air con and cooling options in India. It’s a three way partnership between Johnson Controls (USA) and Hitachi Home equipment (Japan).
With a Market Capitalization of Rs. 4,521 Crore, the inventory is at present buying and selling 8.22 p.c beneath its COVID-19 degree low of Rs. 1,811, with the present market worth at Rs. 1,662.
Written By Abhishek Das
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