A fourth of BSE 500 scrips still below January 2008 levels

Infrastructure and real estate prominently feature as wealth destroyers

About a fourth of BSE 500 stocks are trading below the levels they hit in January 2008, when stocks had hit new highs before the global financial crisis.

For those with a penchant for investing during bull runs, this should be alarming. As of Friday’s close, stock prices of 120 of 401 BSE 500 companies (a little less than a third) in our sample were below their January 8, 2008, level, when the benchmark Sensex had peaked before the Lehman Crisis. 

These 401 were also in the index of 500 scrips at the time, making a comparison possible for this