Despite being part of India’s top 500 publicly listed companies, thirteen major stocks have shown zero returns over the last three years, underscoring the complexity of equity investing. These include:
– IT leaders: TCS, Infosys
– FMCG giants: HUL, Dabur India
– Retail and conglomerate: Avenue Supermart, Adani Enterprises
– Banking and finance: IndusInd Bank
– Chemical and energy: UPL, Gujarat Gas, Tata Chemicals
– Consumer and industrial: Devyani International, Kansai Nerolac, Fine Organics
Despite their scale, reputation, and market influence, these companies have offered no capital appreciation over the last three years. This performance highlights the importance of strategic analysis beyond brand value, especially during sector rotations, regulatory shifts, and macroeconomic changes.
Investors are reminded that even high-profile stocks are not immune to market stagnation. A thoughtful portfolio approach, driven by fundamentals and long-term perspective, remains essential.
The market continues to evolve—and while past performance isn’t always indicative of future results, it certainly offers valuable lessons.