These stocks failed to recover from their COVID-low levels - Check this special report by Zee Business

During the time of COVID on March 24, 2020, the Nifty reached around 7500 points, and then it recovered to reach 18500 points. There were a few shares that declined in the COVID time but couldn't recover even when Nifty recovered. Currently, it is around 16000 points, which is double of what Nifty points were at in 2020.

To understand whether their decline shows that their fundamentals were bad or not, Zee Business' Ashish Chaturvedi brings an exclusive research report.
 
Here are the shares which failed to recover:- 
 

MGL

Its COVID low was Rs 664, and it's currently available at Rs 712. It has only managed to recover around 7 per cent after being hit by the COVID-19 wave. The possible reason, according to the analyst, is that its margins a falling. An increase in gas prices globally is also proving to be negative for the company.

Spandana Sphoorty

The company struggled with its managerial issues. The company's board were left vacant for a while, and it reached its Covid-19 low of Rs 331 and is currently available at Rs 364, which shows that it has only demonstrated a recovery of 9 per cent post covid.

Ujjivan Small Finance Bank

It has only recovered by 11 per cent from its COVID low.

Dhani Services Limited

It is still away from its COVID low by 16 per cent.

Exide Industries

Despite having strong fundamentals. The company is still very close to its COVID low, even though there were many instants of recovery. Its COVID low was Rs 129, and currently, it's available at Rs 149, at a recovery rate of approximately 20 per cent.

Castrol

Despite its strong fundamentals, it's currently available at Rs 108 from a covid low of Rs 90. The commercial vehicle isn't picking up its pace, and there's also a transition from traditional vehicles to EVs.

So people are expecting that lubrication demand will decline as well.

Citi Union Bank

It is also witnessing a decline, and it's still around its COVID low. And the yields of its gold loan portfolio is also low.

Sumeet Bagadia, the market expert, said that MGL does not have a favourable risk reward.
Unless the stock starts to sustain above Rs 750, there's no point in starting fresh positions. And it's worse if it closes below Rs 700, he added.
For more details, Watch Full Video Here:-

#COVID19 में कैसी थी बाजार की चाल!
कोविड के निचले स्तरों के पास शेयर..
किन शेयरों में अभी भी नहीं दिखी तेजी?
क्यों शेयरों में नहीं दिखा कोई एक्शन?

कौन से हैं वो शेयर, जो कोविड के समय के निचले स्तरों पर मौजूद - जानिए आशीष की खास रिसर्च में...@AnilSinghvi_ @AshishZBiz pic.twitter.com/cOFOECgssf

— Zee Business (@ZeeBusiness) February 25, 2022