Business Standard

110 of 111 sectors in positive territory

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BS Research Bureau Mumbai
 A staggering 93 per cent of the actively traded stocks have posted gains in the first six months of 2003-04; and 110 of the 111 sectors classified by the Business Standard Research Bureau gained during period.

 In aggregate, all actively traded stocks gained 64 per cent in value between March 31, 2003, and September 30, 2003.

 The 30-scrip Bombay Stock Exchange (BSE) Sensex, which rose to a new three-year high on September 30, 2003, has gained 46.07 per cent in the six months. And the S&P CNX Nifty has appreciated by 44.87 per cent, while the BSE-500 has risen 63.18 per cent.

 But the blue chips-dominated A group of the BSE underperformed the group classification, recording a lower growth of 59.9 per cent compared to the sizzling 96.70 per cent growth in the fundamentally sound B1 group and a 70.34 per cent growth in the B2 group.

 The Z group stocks too did not lag behind, notching up 73.25 per cent gains.

 Only four stocks out of 194 in the A group were losers at the end in the six months. These were Mastek (down 53.28 per cent), Silverline Technologies (down 18.47 per cent), Digital GlobalSoft (down 10.78 per cent) and TN Petrochemicals (down 1.55 per cent).

 In the other groups, 47 of the 289 scrips in the B2 group, 34 out of 599 scrips in the B1 group and 21 of the 303 scrips in the Z group lost ground in the last six months.

 As many as 408 stocks appreciated over 100 per cent in value in the last six months, 397 appreciated between 50 and 100 per cent and 269 gained between 25 and 50 per cent.

 Of the 1,385 actively traded stocks, 106 were losers and 1279 were gainers.

 Bhansali Engineering & Polymers gained 1641 per cent in value in the six months to September 2003 on the back of a sharp turnaround in 2002-03.

 The stock price of the company increased from Rs 6.05 on March 31, 2003 to Rs 105.30 on September 30, 2003.

 The Glofame Cotspin Industries scrip appreciated 910 per cent, followed by Automobile Corporation of Goa (up 744 per cent), Kalindee Rail Nirman (up 728 per cent), Kwality Dairy and Kirloskar Ferrous (up 600 per cent each) and Transgene Biotek (up 586 per cent).

 Hindustan Zinc tops in the A group with a 358 per cent appreciation. Rising zinc prices on the London Metals Exchange (LME) propelled the stock from 14.50 at the end of March 2003 to Rs 67.35 at the end of September.

 IBP gained 331 per cent, making it the biggest gainer among PSU stocks. IBP moved up from Rs 196.10 to Rs 845.25.

 SAIL gained 331 per cent, while HCL Infosystems and Lupin Laboratories appreciated by 282 per cent each.

 Among the Sensex stocks, Tata Steel and Grasim were the biggest gainers, with the former clocking 103 per cent rise, while Grasim moved up by 101 per cent.

 Tata Engineering (to be renamed Tata Motors) and Zee Telefilms gained 97.4 per cent each while BHEL gained 81 per cent.

 Sensex heavyweight Reliance Industries has gained 60.6 per cent, while infotech giants Infosys Technologies went up a mere 12 per cent and FMCG giant Hindustan Lever 23.9 per cent.

 

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First Published: Oct 03 2003 | 12:00 AM IST

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