Whirlpool India & 4 other stocks trading below their COVID-19 levels; Do you own any?

The Stock market had declined by 40 percent from its high of January 2020, of Rs. 12,430 to a Low of Rs. 7,511 on 24th March, 2020. Stocks were in a free-fall, trading at levels that were not even thought of.

The recovery was also as sharp as the fall, and several stocks have given multibagger returns from that level. But after 5 years, some stocks have declined even below their Covid lows.

Here is the list of 5 well-known stocks that have declined below their COVID low:

1. Relaxo Footwear

Relaxo Footwears Limited is one of India’s leading footwear manufacturers, known for its affordable and durable products. Established in 1976 and headquartered in New Delhi, the company produces a wide range of footwear 

With a Market Capitalization of 10,318 Crore, the stock is currently trading 17.20 percent below its COVID-19 level low of Rs. 500, with the current market price at Rs. 414.

2. Bandhan Bank

Bandhan Bank Limited is a private-sector bank in India, known for its strong focus on financial inclusion and microfinance. Established in 2015 and headquartered in Kolkata, the bank evolved from Bandhan Financial Services, a leading microfinance institution. 

With a Market Capitalization of 22,584 Crore, the stock is currently trading 7.89 percent below its COVID-19 level low of Rs. 152, with the current market price at Rs. 140.

Also read: 3 Stocks to benefit as Maharashtra govt to invest ₹8,000 Cr in urban wastewater recycling

3. Security and Intelligence Services

Security and Intelligence Services (India) Limited (SIS) is a leading provider of security, facility management, and cash logistics solutions in India and abroad. Established in 1985 and headquartered in Patna, the company operates across various sectors, including banking, retail, infrastructure, and hospitality.

With a Market Capitalization of Rs. 4,457 Crore, the stock is currently trading 8.03 percent below its COVID-19 level low of Rs. 336, with the current market price at Rs. 309.

4. Whirlpool of India

Whirlpool of India Limited is a leading home appliances manufacturer and a subsidiary of Whirlpool Corporation, USA. Established in India in 1960 and headquartered in Gurugram, the company offers a wide range of products, including refrigerators, washing machines, air conditioners, microwaves, and kitchen appliances. 

With a Market Capitalization of Rs. 11,922 Crore, the stock is currently trading 30.13 percent below its COVID-19 level low of Rs. 1,344, with the current market price at Rs. 939.

5. Johnson Controls Hitachi

Johnson Controls-Hitachi Air Conditioning India Limited is a leading manufacturer of air conditioning and cooling solutions in India. It is a joint venture between Johnson Controls (USA) and Hitachi Appliances (Japan).

With a Market Capitalization of Rs. 4,521 Crore, the stock is currently trading 8.22 percent below its COVID-19 level low of Rs. 1,811, with the current market price at Rs. 1,662.

Written By Abhishek Das

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