Large-cap stocks are those with a market value of Rs 48,900 crore or more. These stocks belong to well-established companies with a strong market presence and a history of success. While large-cap stocks are considered to have lower risks and moderate rewards, they are also known for their high liquidity and premium valuations.
In the past month, four large-cap stocks have collectively lost ₹50,000 crore in market capitalization. Let’s take a closer look at these stocks:
InterGlobe Aviation Limited is a key player in the aviation industry, offering passenger and cargo services, as well as travel distribution solutions. Despite a 6% dip from its 52-week high of ₹4,610 per share, the company’s market capitalization has fallen by ₹9,996 crore. With a strong revenue growth of 26% and a significant improvement in net profit, InterGlobe Aviation Limited remains a resilient player in the market.
Hindustan Unilever Ltd, a leading FMCG company, has seen a decline in market capitalization by ₹26,315 crore despite a marginal revenue growth of 2% and a slight increase in net profit. The stock, currently trading at a 4.4% discount from its peak price, reflects the challenges faced by the company in a competitive market environment.
Hindustan Petroleum Corporation Ltd, known for its presence in the petroleum industry, has witnessed a market capitalization drop of ₹10,141 crore. Despite a revenue decline of 1.5%, the company has managed to turn its net loss into a profit, leading to a surge in its share price over the past months.
Marico Ltd, a prominent consumer goods company, has experienced a reduction in market capitalization by ₹2,957 crore. While the company saw a slight decline in revenue, its net profit has increased by 13%, indicating its resilience in the market.
DailyBubble’s perspective on these developments is that while these large-cap stocks have faced challenges in the recent past, they continue to demonstrate strength and potential for growth. Investors should consider these factors and consult with their advisors before making any investment decisions.