The BSE 100 delivered annualised returns of 9.3% over three years and 9.8% over five years, while the Sensex generated annualised returns of 6.3% and 8.2%, respectively.
Sectorally, the laggards are concentrated in the consumer sector with six companies, followed by five companies from the IT and BFSI sector. Valuations, however, suggest potential as 20 of the 23 stocks trade below their three-year average multiples.
AgenciesReturns Radar 23 of BSE 100’s big names, including RIL, TCS, HUL and HDFC Bank, have yielded 5% or less over 3 years
Notably, 12 of these companies are constituents of the Nifty 50. Some of the names include Asian Paints, HDFC Bank, HDFC Life Insurance, Hindustan Unilever (HUL), Infosys, ITC, Reliance Industries (RIL), Tata Consultancy Services (TCS) and Wipro.
For the BFSI sector, the outlook is based on deposit and credit growth, margin stability after rate cuts, and improving asset quality.
For FMCG companies, the growth outlook depends on demand sustainability especially in the rural market. Havells India expects stronger FY27 growth aided by a favourable base, price increases and market share gains after a challenging FY26 due to weak summer season, commodity inflation, and disruptions in West Asia. Growth for Avenue Supermarts is expected to be strong driven by continued store additions, better same-store sales growth, and the resilience of its value-retail model despite rising quick-commerce competition. For ITC, the growth outlook is muted given the higher cigarette tax may impact volume.
IT companies are facing issues such as cautious client spending and AI-led pricing and margin pressure. Analysts expect Tata Consultancy Services and Infosys to fare better than peers in the near term.RIL’s growth is expected to be driven by its consumer and emerging energy businesses, with Jio monetisation, retail expansion, FMCG scale-up and new-energy initiatives.
