The indefatigable tide of the stock market will now again tinge the outlook of the Indian business calamity, this time touching the deep pockets of the corporate titans. Instead of a static situation, six of the top ten Indian companies recorded a devaluation of almost 68,417 crores amongst them on the day, creating a startled atmosphere in the financial market of the country.
Not only did the bottom dwellers suffer, but the biggest companies also got dragged down. Ironically, Airtel was the telecom leader that got heavily damaged by the rising waves of the fence, which went up and down. The company’s stocks suffered a setback, to the tune of Rs. 26,789 crore, with the mop-up resulting in the market capitalization shrinking from Rs. 2,86,3674,0000, leaving investors and analysts struggling with understanding the happenings.
The repercussions didn’t stay in a single company; they spread wide and reached other blue chips, including Reliance Industries, TCS, HDF C Bank, ICICI Bank, and Hindustan Unilever Limited. The enormous companies endure sometimes get this result where their valuations drop remarkably. This serves as an advisory on the sellers in the market and the complex relationship between risk and reward.
As the dust settles and the market finds its footing once again, the question on everyone’s mind is: will there be tomorrow for those giants of the business world? This was never before a question not worth asking. Will they find that this momentary turbulence has rekindled their desire, or that the market weather always ultimately determines their fate?
Bull and bear markets alike cannot put a shadow of doubt on the ability of these corporate titans, who are rooted and intertwined with the fluctuations so deeply that they have become used to enduring countless cycles in their lifetime. A recent turmoil is, indeed, something for which investors and supporters of the market should only be warned, whereas the value of diversification, judicious risk-taking, and longstanding faith in the enormous economic power of India should become their steadfast principles.
