The market capitalisation of 23 India-focussed firms listed on AIM stood at $6.64 billion on May 31, an increase of 4.89 per cent over the previous month (April).
According to data compiled by global consultancy firm Grant Thornton, the average rise in market capitalisation of these stocks from their respective dates of admission till May 31, 2008 touched over 60 per cent.
"The average increase in market capitalisation of these stocks from their respective dates of admission to the end of May 2008 has been 66 per cent, compared to 52 per cent to the end of April 2008 indicating that India-focused stocks on the AIM market have exhibited positive growth in the month of May, even in the wake of volatile markets globally," Grant Thornton said.
Out of the total 23 India-focussed companies, Mortice Ltd and OPG Power Ventur Plc were admitted to AIM in May 2008. OPG raised about 65 million pounds last month.
In terms of percentage gains in market capitalisation, Great Eastern Energy Corporation topped the list with an increase of 853 per cent over market capitalisation at admission.
This amounted to a Compounded Annual Growth Rate (CAGR) of 150 per cent.
