Free Fall
Nov 14, 2019
4 minutes
By RASHMI PRATAP
ILLUSTRATION BY AJAY THAKURI
THE YEAR 2019 saw the fall of some mighty companies. While some were buried under debt, some faced governance issues, and others became victims of the liquidity crisis. But the net result was the same – deep erosion in market capitalisation.
According to BT research covering the top 500 listed companies, 22 saw a fall of more than 45 per cent in average market cap (October 2018-September 2019 period) over the previous year.
These companies cut across sectors and include Vakrangee, PC Jeweller, Arvind, Rain Industries and Indiabulls Real Estate, among others.
“It is a very wide set of industries and companies. The stress has aggravated, especially for entities whose balance sheets
You’re reading a preview, subscribe to read more.
Start your free 30 days