Indian market bottomed out in October 2008 and has since then rallied over 400 percent, while there are many stocks which have given 10,000-50,000% returns since then.
The 2008 financial crisis, which led to the destruction of wealth not just in India but across the globe, left many in hope of price recovery. Globally, stock markets lost $37 trillion in market value.
In India, the S&P BSE Sensex crashed 60 percent from the peak while foreign investors (FIIs) sold and exited resulting in capital outflows of over $12 billion leading to INR depreciation of nearly 25 percent.
Indian market bottomed out in October 2008 and has since then rallied over 400 percent, while there are many stocks which have given 10,000-50,000% returns since then.
But, there are nearly 500 stocks on the BSE which are still trading below 2008 valuations. Many stocks in the banking space have faced the heat which includes Bank of India, Oriental Bank of Commerce, Allahabad Bank, Andhra Bank, Corporation Bank, and Union Bank of India, according to data compiled from AceEquity.
Other prominent stocks which are trading below 2008 price level are Reliance Capital, NMDC, SAIL, Hindustan Copper, McNally Bharat, HCL Infosystems, BF Utilities, Asian Hotels, Zuari Global, Aban Offshore, and BGR Energy, etc. among others.
The 2008 financial crisis, which led to the destruction of wealth not just in India but across the globe, left many in hope of price recovery. Globally, stock markets lost $37 trillion in market value.
In India, the S&P BSE Sensex crashed 60 percent from the peak while foreign investors (FIIs) sold and exited resulting in capital outflows of over $12 billion leading to INR depreciation of nearly 25 percent.Indian market bottomed out in October 2008 and has since then rallied over 400 percent, while there are many stocks which have given 10,000-50,000% returns since then.
But, there are nearly 500 stocks on the BSE which are still trading below 2008 valuations. Many stocks in the banking space have faced the heat which includes Bank of India, Oriental Bank of Commerce, Allahabad Bank, Andhra Bank, Corporation Bank, and Union Bank of India, according to data compiled from AceEquity.
Other prominent stocks which are trading below 2008 price level are Reliance Capital, NMDC, SAIL, Hindustan Copper, McNally Bharat, HCL Infosystems, BF Utilities, Asian Hotels, Zuari Global, Aban Offshore, and BGR Energy, etc. among others.
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