Only 13 Indian stocks make it to list of top 500 performers

Mumbai: Bluechip stocks have been the outperformers in the rally of the Sensex and the Nifty to record levels, but the performance pales in comparison to their global peers.According to Bloomberg 500, a list of top 500 companies by market capitalisation across the globe, shares of Indian companies have been laggards. The list currently has 13 Indian companies out of which eight have failed to even break into the top 200 in terms of year-to-date performance.Bajaj Finance, which recently surpassed State Bank of India to become the 10th most valued stock in Indian markets in terms of market capitalisation, is the best performing Indian stock in the Bloomberg 500 list. Shares of Bajaj Finance have climbed 55 per cent in 2019 and the company is ranked 48 in the list.ITC, whose shares have fallen 13 per cent during the year, is the worst performing Indian company of the lot with a rank of 475. Maruti Suzuki, State Bank of India and Infosys too have ranked below 400 in the list. 72250825 This trend is in-line with the performance of India’s benchmark Nifty compared to its global peers. The Nifty has risen 12 per cent during the year, while most of the developed and developing markets have fared much better. US benchmark S&P 500 and the German DAX have both rallied over 23 per cent during the year. China’s Shanghai Composite has grown 17 per cent during the year.China’s alcohol manufacturer Wuliangye Yibin is the best performer in the Bloomberg 500 list with 161 per cent returns since January this calendar year. Shopify, Blackstone and Apple are among the other top performers in the list, data showed.

from Economic Times https://ift.tt/2DiVpD0