The bull run in Indian equities since the Covid pandemic in 2020 has been one of the strongest ever, but there are a few stocks are still trading below the levels five years ago.
According to an ET study, nearly 10% of listed stocks continue to trade below their pre-Covid levels. It includes several well-known names, such as Whirlpool, PVR Inox, RBL Bank, Relaxo Footwear, Sun Pharma, Indraprastha Gas, VST Industries, Kansai Nerolac, and Bata India, among others.
Most of these stocks have seen steep declines over the past six months, erasing the gains they had accumulated during the post-COVID bull run up to September 2023.
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A few others, including Aditya Birla Fashion, Atul, Honeywell Automation India, Hindustan Unilever, and Sunteck Realty, among others are currently trading close to their pre-Covid levels, despite being considered fundamentally sound.
