The Indian equity markets got off to a bad start this week. On Monday, key equity indices, the Sensex and the Nifty fell nearly 3% as aggressive interest rate hikes by the US Fed and high inflation worried investors.
Nifty100 stocks that have lost the most value since January 2022
A steep rate hike by the US Fed is expected as the US inflation numbers for the last month hit a fresh 40-year high.
On Monday, the Sensex fell 1,457 points, or 2.68 per cent, to 52,846.70, while the Nifty down 427 points, or 2.64 per cent, to 15,774.40.
The overall market capitalisation of BSE-listed firms dropped to Rs. 245.2 lakh crore from Rs. 251.8 lakh crore in the previous session, making investors poorer by Rs. 6.6 lakh crore in a single day.
In the last month alone, the Nifty has dropped 3.03%. Since the beginning of the year, the index has dropped approximately 1,864 points, falling to 15,774 from 17,638. During this downtrend, some Nifty100 stocks have lost 30-60% of their value since the beginning of the year.
Shares of Paytm closed at Rs. 606/share (up 4.16%) on the BSE in Tuesday's trade. During the day, the stock moved between ₹582 and ₹609.
Since Jan 2022, the stock has lost 59.46 per cent. The company commands an m-cap of Rs.39,351.2 crore compared with an m-cap of Rs.1,01,399.72 crore as of its listing day, November 18. The stock has dropped 70% from its IPO price.
Paytm has lost 68.97% of its value since its 52-week high of Rs. 1,955.0. It has a negative PE and a negative EPS of 16.36 and Rs. 36.90.
However, Citi Research maintained a 'buy' call on Paytm on the back of the company's steady improvement in payments monetisation and rapid scaling up of financial services.
Meanwhile, JPMorgan and Goldman Sachs see the battered stock rising by more than 60%.
In a recent business update, Paytm's CEO, Vijay Shekhar Sharma, has said that the company expects to break even on operating Ebitda (before ESOP cost) by the quarter ending September 2023.
For the March quarter, Paytm's net loss widened to Rs.761.4 crore as compared to Rs.441.8 crore in the same quarter last year. Revenue from operations, on the other hand, increased 89 per cent year on year to Rs.1,540.9 crores in Q4FY22 from Rs. 815.3 crore the previous year.
Zomato's stock price is up by 20.44% in the last one month. However, The stock has given a negative return of 51.42% over the last six months.
Further, the stock has dropped more than 50.80% so far in 2022.
The shareholders of Zomato have lost about Rs. 78,028.78 crore following a 60.32% crash in the stock from its all-time peak.
The market capitalization of Zomato came down to Rs. 55,115.6 (as of June 14, 2022) crore. This was exactly Rs. 78,028.78 crore lower than its peak m-cap of Rs. 1,33,144.38 crore in November 2021, when the stock had zoomed to an all-time high of Rs.169.10.
At present, shares of Zomato are trading about 8% lower than their issue price of Rs. 76. In July last year, Zomato made a staggering debut on the stock exchanges. Shares of the food-tech firm opened at Rs. 116 on the BSE, a premium of 53% over its issue price of Rs.76.
Retail investors owned a 3.52 per cent stake in Zomato as of the March quarter, compared to a 1.6 per cent stake at the end of the December quarter.
Shares of Piramal Enterprises sank over 10 per cent in the last one month after the company announced a loss in the March quarter. It reported a loss of Rs.321 crore in Q4 FY22 due to additional provisioning and interest reversals totalling Rs.1,037 crore. The company posted a profit after tax (PAT) of Rs.243 crore in Q4FY21.
Piramal Enterprise's share price fell over 1.10% in Tuesday's trade. The stock hit a fresh 52-week low at Rs.1598. It has a market value of ₹38,152.8 crore.
The stock traded at a price-to-earnings (P/E) multiple of 19.91, while the price-to-book value ratio stood at 1.10. The return on equity (ROE) was at 5.41 per cent
It has fallen 46% from its 52-week high of ₹3,013 reached on October 7, 2021. Further, the stock has dropped 27.68% in a year and 37.95% since the beginning of this year.
Promoters held 43.49 per cent in Piramal Enterprises Ltd. as of 31-Mar-2022, while foreign portfolio investors and domestic institutional investors owned 35.03 per cent and 2.18 per cent, respectively.
Larsen & Toubro Infotech
Shares of Larsen & Toubro Infotech Ltd. ended at Rs. 4,191.90 on the BSE in Tuesday's trade, up 2.55 per cent. The stock quoted a 52-week low price of Rs.3733.25 and a high of Rs.7595.25.
At its prevailing price, the stock traded at 32.0 times its trailing 12-month EPS of ₹131.04 per share and 8.61 times its book value. The return on equity (ROE) stood at Rs. 26.05.
The stock has fallen 45.90% from its 52-week high. In the last six months, the stock gave a negative return of 39.62%. Year to date, it is down 37.26 per cent.
The stock commands a market capitalization of Rs.76,032.13 crore and is part of the IT Consulting & Software-Mid Cap industry.
Promoters held 74.05 per cent of the company as of 31-Mar-2022. FII and MF ownership in Larsen & Toubro Infotech Ltd. stood at 10.08 per cent and 5.65 per cent, respectively.
Mindtree shares have declined 37.03 per cent so far in 2022. The stock has dropped 42.17% from its 52-week high and with Tuesday's closing price of Rs.2922, the stock is 18.84% away from its 52-week low.
However, over the past five years, the market price of the stock has zoomed by 456.79 per cent.
Mindtree has a market capitalization of Rs. 50,469.51, and the company had a price to book value of 9.22.
It reported a 49 per cent YoY increase in net profit for the fourth quarter ended March 31, 2022, at Rs.473.1 cr.
The company consolidated revenue from operations grew by 37.4 per cent to Rs. 2,897.4 crore in January-March 2022 from Rs.2,109.3 crore in the corresponding quarter of 2020–21.
It delivered an ROE of 30.19% in the year ending March 31, 2022, outperforming its 5-year average of 24.84%.
Promoters held a 61.0 per cent stake in the company as of December 31, 2021, while FIIs owned 15.72 per cent and DIIs 9.71 per cent.
SAIL shares have fallen more than 37% so far in 2022. The stock has touched its 52-week high of ₹145.90 apiece and its 52-week low of ₹69.50 apiece.
The stock has dropped 50.45% from its 52-week high. In the last one year, the stock gave a negative return of 47.71%.
However, it has a low P/E of 2.47, which is less than the sector P/E of 4.97. The market capitalization of the company is ₹30,276 crore. The company has declared a dividend of 8.75 per share for the year ending March 2022.
The company has a strong dividend track record and has consistently declared dividends in the last 5 years.
The company delivered an ROE of 22.58% in the year ending March 31, 2022, outperforming its 5-year average of 9.45%.
Meanwhile, Rakesh Jhunjhunwala has sold some or all of his stake in the Steel Authority of India (SAIL), the latest shareholding data released by the company shows.
Jhunjhunwala previously owned 1.1 per cent of the company. His name no longer appears on the shareholder list now. Companies are mandatorily required to publish the names of shareholders only if their stake is more than 1 per cent.
Lupin shares are still volatile after the company reported disappointing fourth-quarter results.
The company posted a loss of Rs. 518 crore in the fourth quarter ended March. Investors were also disappointed by a year-on-year (YoY) decline of 1180 basis points (bps) to 6.9 per cent.
The company’s US sales also came in below expectations at USD 181 million against USD 200 million in Q3FY22, registering a dip of 10.2 per cent on a quarter-on-quarter (QoQ) basis.
The share price dropped over 0.47% in Tuesday's trade and it hit an intraday low of Rs.590 apiece on the BSE.
The stock's 52-week high and low levels were Rs. 1,205 apiece and Rs. 583 apiece, respectively. If today's price is taken into consideration, the stock has so far fallen 49.18% from its 52-week high.
The stock has dropped 30.92% in the last six months. So far in 2022, it is down 35.22%.
Promoters held 46.5 per cent in Lupin Ltd. as of 31-Mar-2022, while foreign and domestic institutional investors owned 14.65 per cent and 15.72 per cent, respectively.
Shares of Bajaj Finserv slumped by nearly 7.72 in the last one week. The stock has lost 41% from its 52-week high of ₹19,325, recorded on October 19, 2021.
The stock has declined 9.72% in one month. So far in 2022, the stock has dipped 33.45%.
The stock hit a fresh 52-week low of Rs.11,326 in Tuesday's trade.
The market capitalization of Bajaj Finserv is Rs. 1,81,305.2 crore. It has a P/E of 39.76 and an EPS of Rs. 286.34.
The stock's beta value, which measures volatility in relation to the broader market, stood at 1.34.
Bajaj Finserv reported a 37.48 per cent year-on-year (YoY) rise in its consolidated net profit at ₹1,346 crore for the quarter ended March 31, 2022. The company had posted a net profit of ₹979 crore in the year-ago period.
The revenue from operations jumped 22.58 per cent to ₹18,862 crore for the quarter under review from ₹15,387 crore in the same quarter last year.
Promoters held 60.77 per cent in Bajaj Finserv as of 31-Mar-2022, while foreign and domestic institutional investors owned 9.37 per cent and 6.10 per cent, respectively.