The shares of state-run banks have emerged as major wealth destroyers for investors in the last five years, with six out of the top 20 losers being PSU banks. Among the banks, Indian Overseas Bank, UCO Bank, United Bank of India, Andhra Bank, Oriental Bank of Commerce, and Allahabad Bank lost between 71-87 percent since 2014. Other losers included Reliance Communications, Jaiprakash Associates, Reliance Power, Reliance Infra, down over 90 percent each in the given period.
These six recent IPOs have given over 35% returns so far
A majority of the newly-listed companies are trading well above their issue price, giving investors returns of up to 89 percent. Nine companies, listed in the past year, have given over 10 percent returns to date over their issue price. Of these, six gave over 35 percent returns including Fine Organic Industries, AAVAS Financiers, HDFC AMC, Rites, Rail Vikas Nigam, and Neogen chemicals. Among others, CreditAccess Grameen, Embassy, and TCNS Clothing rose between 13-24 percent over their issue price. In comparison, Sensex has risen over 11 percent in the last one year. Meanwhile, Ircon International, MSTC, Indostar Capital, and Varroc Enginnering fell in the range of 17-47 percent. Here are the 6 top performing IPOs in the past year:
These three Indian companies are among the world’s 100 most valuable brands
According to the BrandZ Top 100 Most Valuable Global Brand ranking 2019, the company which boasts the highest value is Amazon with an estimated $315,505 million, making it to the top for the first time. At No 2 is Apple, with a value of $309,527 million. US tech companies dominate the top 10 list. Besides, China’s Tencent and Alibaba too made it to the top 10. Here is a list of these firms with their rankings and brand value: