Some stocks that caused major disappointment in 2013

The Sensex has risen 26 per cent since August 2013, while the rupee has appreciated 12.5 per cent. But many of India’s listed companies have underperformed the rally, reinforcing the widespread perception that this is a narrow rally led by a few sectors. As investors celebrate a new high for the Sensex and the Nifty, here are a few hard realities and surprises to ponder over.

More than half of the BSE 500 companies underperformed their benchmark, Sensex. This includes well-known names such as TCS, RIL, Infosys, Hindustan Unilever, etc.

Stocks such as Coal India (which has a high weightage in the newly-launched Goldman Sachspromoted CPSE ETF), Infosys, Bharti, Nestle, Tata Power, Cairn India, Sesa Sterlite, Hindustan Zinc gained 1 per cent to 5 per cent, modest in comparison to the Sensex or Nifty.