Meanwhile, Dr Reddy’s Laboratories, Cipla, Infosys, HCL Technologies, Reliance Industries, JSW Steel, Wipro, Tata Steel, Bharti Airtel, and Tata Consultancy Services (TCS) from the benchmark indices were up between 25 per cent and 75 per cent.
However, out of BSE500 companies, less than half or 195 stocks have outperformed the S&P BSE Sensex, which gained 11 per cent during the Samvat 2076. As many as 238 stocks reported negative returns, of which 95 stocks slipped an over 25 per cent.
Financials, retail, hotels, air transport services, and refineries have become major losers. SpiceJet, Punjab National Bank, Canara Bank, Raymond, Shoppers Stop, Oil and Natural Gas Corporation (ONGC), Bharat Heavy Electrical (BHEL), Adani Power, and Oil India were among notable stocks that witnessed their market value decline in the range of 40 per cent to 50 per cent.
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