For five years, investors who owned some of India’s most trusted bluechip stocks have had little to show for their patience. TCS has fallen nearly 42%, Infosys almost 39%, while Hindustan Unilever (HUL) and Asian Paints have declined about 32% and 30%, respectively.
The list also includes HDFC Life, HDFC Bank, Reliance Industries, Bajaj Finserv and HCL Tech. Together, the nine stocks span some of India’s largest technology companies, most valuable consumer franchises, leading financial institutions and one of the country’s most diversified conglomerates.The average decline is about 22%, according to ACE Equity data.
