1 in 4 stocks more than doubled investors' wealth

MARKET OVERVIEW 2005-06

The aggregate market capitalisation of the traded stocks increased by Rs 13,18,033 crore in the financial year 2006 to Rs 30,14,558 crore as the market witnessed another year of buoyancy. The gainers at 1,762 outnumbered losers at 723 in the ratio of 2.5:1.

The BSE Sensex gained by 73 per cent (4,787 points) from 6492.82 on March 31, 2005, to 11279.96 on March 31, 2006. The S&P CNX Nifty appreciated 67 per cent (1,367 points) to 3402.55 (2,035.65). For the third consecutive year, the Indian markets have given positive returns to investors.

The highlight of FY06 has been doubling of the investors' wealth by one in every four stocks traded on the domestic bourses. These stocks have given an average return of 158 per cent in the last one year.

Six hundred and forty-five stocks, out of 2,490 traded on the Bombay Stock Exchange (BSE), have increased investors' wealth by Rs 5,40,944 crore to Rs 8,82,809 crore. These stocks have outperformed the BSE Sensex and all other sectoral indices during the period.

Of the 645 stocks that gained over 100 per cent during the period, market price of 18 stocks appreciated more than 1,000 per cent. Forty-seven stocks gained in the range of 500-1,000 per cent and 83 stocks between 300-500 per cent during the year.

While 42 stocks from the BSE A-group featured in the list of big gainers, 159 stocks from the B1- group were among the big gainers. In this list, there were 152 stocks from B-group, 97 from S group and the remaining 295 from the trade-to-trade group where delivery of stocks is mandatory.

Sectoral trend shows that the big gainers were from the sugar, IT, capital goods, textiles, hotel, non-banking finance, infrastructure and automobiles sectors.

Among individual stocks, Core Projects and Techno gained the maximum, appreciating 4,422 per cent -- from Rs 5.86 on March 2005 to Rs 265 at the end of March 2006.

The market price of Anant Raj Industries increased by 4,284 per cent -- from Rs 15.82 in the beginning of 2005-06 to Rs 693.50. Rap Media gained by 3,259 per cent to Rs 356.05 (Rs 10.60), ANG Auto 2,689 per cent to Rs 305.70 (Rs 10.96) and Artefact Software and Finance 2,551 per cent to Rs 99.40 (Rs 3.75).

Lok Housing, Srinivasa Shipping, BF Utilities, IOL Broadband, Triplex Overseas, Era Financial Services, Kemrock Industries, Areva T&D India, Logix Microsystems, Zenith Infotech and six other companies have seen their market value rising more than ten-folds during the year.

Among the front-line A group stocks, Bharat Earth Movers (BEML) was the major gainer. The market price of the stock appreciated 312 per cent -- from Rs 359.50 to Rs 1,480.45 on BSE.

Titan Industries came second with 260 per cent gain to Rs 834.95 (Rs 231.70), followed by Rolta 251 per cent to Rs 274.35 (Rs 78.25), Siemens 234 per cent to Rs 5,682.70 (Rs 1,699.25) and Hindustan Zinc 208 per cent to Rs 523.20 (Rs 170).

Overall, 722 stocks reported fall in their market prices during the year. Of this list, 154 stocks declined more than 50 per cent and 189 stocks in the range of 30-50 per cent.

Sacheta Metals, Robinson Worldwide, Osian LPG Bottling, Gujarat State Finance, Padmalaya Telefilms, Chandra Prabhu International and Teledata Informatics featured in the list of losers.

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