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967 scrips miss the second 6000 party

39% of shares still below January 2 peaks

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Our Research Bureau Mumbai
Last Updated : Feb 06 2013 | 5:15 PM IST
Though the benchmark Bombay Stock Exchange (BSE) Sensex once again crossed the 6,000-mark on Wednesday, 967 stocks are still trading below their January 2 levels, the day on which the index first crossed the psychological mark.
 
These stocks constitute nearly 39 per cent of the 2,482 traded stocks on the exchange.
 
Interestingly, of the 30 Sensex scrips, 14 are still trading below their levels on January 2. For instance, Dr Reddy's Laboratories is currently quoted 45.8 per cent below at Rs 785.50 compared with Rs 1,448.90 on January 2. 
 
Sensex stocks that are below their January 2 levels                                           (Share prices in Rs)
 Jan 2, 04Nov 17% chng
Dr Reddy's Labs1448.9785.5-45.79
Hindustan Lever215.55135.15-37.3
HPCL461.2361.45-21.63
Hindalco1480.451280.5-13.51
ONGC919.05798.9-13.07
SBI567.25513.29-9.51
Bajaj Auto1122.251018.55-9.24
Reliance Ind585.7543.85-7.15
Ranbaxy Lab1108.151049.2-5.32
Cipla279.73271.7-2.87
Hero Honda465.05451.85-2.84
Zee Telefilms159.4155-2.76
Tata Motors456.85445.8-2.42
Tata Power329.4321.55-2.38
 
Hindustan Lever, another Sensex major, is currently trading at Rs 135.15, a 37.3 per cent dip from Rs 215.55 on January 2. The share price of HPCL is 21.6 per cent lower at Rs 361.45 compared with Rs 461.20 on January 2.
 
Hindalco is quoting 13.5 per cent lower than the January 2 price at Rs 1,280.50, ONGC down 13.1 per cent, State Bank of India down 9.5 per cent, Bajaj Auto down 9.2 per cent, Reliance Industries down 7.1 per cent and Ranbaxy Laboratories down 5.3 per cent.
 
Of the 967 stocks, 90 are trading 51-97.7 per cent lower than their January 2 level. Another 638 stocks are traded 11-50 per cent lower, while the remaining 239 stocks are trading at a 10 per cent discount.
 
In percentage terms, Rashel Agrotech was the largest loser as its price fell by 97.7 per cent from Rs 195 on January 2 to Rs 4.58 on November 17.
 
Similarly, Shalimar Products' stock price declined by 95.2 per cent from Rs 47.70 to Rs 2.29. TSL Industries was the third major loser with a 90.7 per cent drop in price from Rs 35.54 to Rs 3.31.
 
The other prominent losers include Brijlaxmi Leasing (down 88.3 per cent), Aditya International (down 86.6 per cent), SSI (down 79.9 per cent), Amit International (down 73.4 per cent), Excel Industries (down 56.5 per cent),VisualSoft Technologies (down 52.9 per cent) and Padmalaya Telefilms (down 50.9 per cent).

 

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First Published: Nov 20 2004 | 12:00 AM IST

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