Rampant speculative buying has helped 70 per cent of the listed stocks gain over 100 per cent from their year's lows. | |
| These multibaggers are concentrated outside the A group, with almost all the stock traded in the T group having surged over 100 per cent in value from their year-lows. |
| |
Around 78 per cent stocks traded in the B2 group and 68 per cent of the stocks traded in the B2 group are up over 100 per cent from their respective 52-week lows. Only 33 stocks in the A group and 52 per cent stocks in the B1 group have appreciated by over 100 per cent from their 52-week lows.
| The outperformers | | (in Rs) | 52-week
low | Current
close | % Chg | | FCGL Industries | 1.13 | 38.05 | 3267.26 | | Jay Bharat Sare | 2.99 | 77.00 | 2477.14 | | KEI Ind | 3.27 | 78.25 | 2292.97 | | Sunline Tube | 4.20 | 97.05 | 2210.71 | | Fast Track Ent | 7.84 | 91.15 | 1062.63 | | Indo Asian Fuse | 7.05 | 83.35 | 1082.27 | | Vijay Textiles | 27.25 | 301.25 | 1005.50 | | Videocon Ind | 22.50 | 247.90 | 1001.78 | | Fairyland Amusement | 9.00 | 98.75 | 997.22 | | Electrotherm | 4.51 | 44.40 | 884.48 |
|
| |
| Of the 1,730 stocks that had touched 52-week lows in the course of the last year on the Bombay Stock Exchange, 133 have appreciated in the range of 500 per cent to 1000 per cent, 318 stocks between 300-500 per cent and the remaining 1246 stocks have gained in the range of 100 and 300 per cent. |
| |
| Of these, 187 stocks had declined to their 52-week lows in December 2003, 673 stocks had touched one-year lows in March 2004 and 320 scrips hit 52-week lows in May 2004. |
| |
| These stocks have outperformed the benchmark as well as the sectoral indices alike. The BSE Sensex, S&P CNX Nifty, BSE 500 as well as sectoral indices such as consumer durable goods, IT index, Bankex, capital goods and healthcare index have appreciated more than 42 per cent from their lows. |
| |
| The market price of stocks such as Nagpur Power, Precision Electronics, FCGL Industries, Arrow Webtex, ICSA India, Jay Bharat Sarees, Choksi Labs, KEI Industries, Indo Green Projects and Sunline Tube stocks have appreciated between 2100 per cent and 4700 per cent over their 52-week lows. |
| |
| Similarly, prices of Vijay Textiles, Videocon Industries, Era Constructions, Fairyland Amusement, Timex Watches, Aeonian Investments, Monozyme, Harig Crank and Bajaj Steel have increased by more than ten fold from their lows hit during the year. |
| |
| Electrotherm's stock price has appreciated by 866 per cent from Rs 4.51 on December 15, 2003 to Rs 43.55 on Thursday. Mandovi Pellets closed at Rs 41.40 on Thursday, 728 per cent higher over its one-year low of Rs 5 on December 23, 2003. |
| |
| Mather and Platt's market price has increased by 705 per cent from Rs 15.55 to Rs 125.25, Lloyd Electric by 704 per cent to Rs 34.15 (Rs 4.25), Talbros Auto 653 per cent to Rs 310.80 (Rs 41.25) and Hyderabad Industries 625 per cent to Rs 130.45 (Rs 18). |
| |
| Among the Sensex stocks, the stock prices of Bharti Tele-Ventures, Tata Steel and Infosys Technologies have doubled from their 52-week lows. |
| |
| Bharti Tele-Ventures is the largest gainer, appreciating 121 per cent from its one-year low of Rs 85.25 in December 2003 to close at Rs 188.25 on the Bombay Stock Exchange on Thursday. |
| |
| Tata Steel's market price has increased by 106 per cent from Rs 154.13 to Rs 318.20 and Infosys Technologies by 93 per cent to Rs 2,167 (Rs 1,050). |
| |
| Other Sensex stocks which have appreciated by more than 70 per cent from their lows include Wipro at 85 per cent to Rs 738.90 (Rs 400), Hindalco 81 per cent to Rs 1,314.75 (Rs 725), HDFC Bank 80 per cent to Rs 471.80 (Rs 262), BHEL 74 per cent to Rs 651.95 (Rs 375) and ITC 73 per cent to Rs 1,266.55 (Rs 732). |
| |
