Blue-Chip Blues: A quarter of India's top stocks have failed to deliver meaningful returns

Around 23 stocks in the BSE 100, including 12 Nifty 50 constituents, have failed to deliver meaningful returns, with the index posting annualised returns of 9.3% over three years and 9.8% over five years. Underperformance is concentrated in consumer (6 companies), IT, and BFSI (5 each) sectors. However, 20 of these 23 stocks trade below their three-year average valuations, signalling potential upside.