Companies with a market value of Rs 48,900 crore or more are classified as large-caps. These are stocks of well-known companies with a large market share with excellent track records. Such a large-cap stock has minimal risks, and modest rewards, is expensive, and is liquid in nature.
Here are four large-cap stocks that have collectively lost ₹50,000 crore in market capitalization over the past month.
InterGlobe Aviation Limited
InterGlobe Aviation Limited is engaged in aviation management, hotel development, and management services. The company also works in passenger and cargo management and also offers travel distribution services, such as itineraries and domestic. As of FY23, the company has a 55 percent market share in domestic passenger airlines.
InterGlobe Aviation Limited’s shares reached a 52-week high of ₹4,610 per share on June 10, 2024. Currently, the stock is trading at a 6% discount from that peak price. The company’s market capitalization has decreased from ₹1,76,238 crores to ₹1,66,550 crores, representing a reduction of ₹9,996 crores.
In terms of revenue, there was a 26 percent year-on-year growth, from ₹54,446 crore in FY22-23 to ₹68,904 crore in FY23-24. Similarly, the net profit rose from the loss of ₹317 crore to a profit of ₹8,167 crore.
InterGlobe Aviation Limited shares have surged 41% over the past six months and 59% over the past 12 months. On July 11, the InterGlobe Aviation Limited shares were trading at ₹4,315 per share, up 0.81 percent.
Hindustan Unilever Ltd
Hindustan Unilever is in the FMCG business, comprising primarily of Home Care, Beauty & Personal Care, and Foods & Refreshment segments. The Company has manufacturing facilities across the country and sells primarily in India.
Hindustan Unilever Ltd’s shares reached a 52-week high of ₹2,723.9 per share on June 5, 2024. Currently, the stock is trading at a 4.4% discount from that peak price. The company’s market capitalization has decreased from ₹6,39,793 crores to ₹6,12,984 crores, representing a reduction of ₹26,315 crores.
In terms of revenue, there was a 2 percent year-on-year growth, from ₹60,580 crore in FY22-23 to ₹61,896 crore in FY23-24. Similarly, the net profit rose by 1.4 percent during this period, from ₹10,143 crore to ₹10,282 crore.
Hindustan Unilever Ltd shares have surged 3% over the past six months and shares have declined 2.75% over the past 12 months. On July 11, the Hindustan Unilever Ltd shares were trading at ₹2,613 per share, down 0.04 percent.
Hindustan Petroleum Corporation Ltd
Hindustan Petroleum Corporation Ltd operates India’s largest lube refinery, the company is engaged in the business of refining crude oil marketing petroleum products, and production of hydrocarbons.
Hindustan Petroleum Corporation Ltd’s shares reached a 52-week high of ₹396.66 per share on June 3, 2024. Currently, the stock is trading at an 11% discount from that peak price.
The company’s market capitalization has decreased from ₹84,400 crores to ₹74,729 crores, representing a reduction of ₹10,141 crores.
In terms of revenue, there was a 1.5 percent year-on-year decline, from ₹4,40,709 crore in FY22-23 to ₹4,33,857 crore in FY23-24. Similarly, the net loss has reduced from ₹6,980 crore to a profit of ₹16,015 crore.
Hindustan Petroleum Corporation Ltd shares have surged 18% over the past six months and 78% over the past 12 months.
On July 11, the Hindustan Petroleum Corporation Ltd shares were trading at ₹349.10 per share, up 4.32 percent.
Marico Ltd
Marico Limited is one of India’s leading consumer goods companies operating in global beauty and wellness categories. It is present in over 25 countries across emerging markets of Asia and Africa. It nurtures leading brands across categories of hair care, skin care, edible oils, healthy foods, male grooming, and fabric care.
Marico Ltd shares reached a 52-week high of ₹396.66 per share on June 5, 2024. Currently, the stock is trading at a 3.2% discount from that peak price.
The company’s market capitalization has decreased from ₹86,297 crores to ₹83,536 crores, representing a reduction of ₹2,957 crores.
In terms of revenue, there was a 1.12 percent year-on-year decline, from ₹9,764 crore in FY22-23 to ₹9,653 crore in FY23-24. Similarly, the net profit has increased by 13 percent, from ₹1,322 crore to a profit of ₹1,502 crore.
Marico Ltd shares have surged 21% over the past six months and 18% on a year-to-date basis. On July 11, Marico Ltd shares were trading at ₹644.10 per share, down 0.20 percent.
Written by Omkar Chitnis
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