Despite the robust bull run in Indian equities since 2020, a significant portion of listed stocks, nearly 10%, are still trading below their pre-Covid levels. Prominent names like Whirlpool, PVR Inox, and RBL Bank have experienced declines, erasing earlier gains. Some fundamentally sound companies, including Aditya Birla Fashion and Hindustan Unilever, are hovering near their pre-pandemic values.
Oil shock from Iran war raises risks for India’s stock market
Escalating Middle East tensions are poised to further weaken Indian equities, with strategists warning of underperformance against global peers. Higher oil prices, driven by the