Mumbai: Investors mostly got a raw deal from the stock markets, with as many as 1,000 companies, including top five IT firms Infosys, TCS, Wipro, Satyam and HCL Tech, collectively losing over Rs2,50,000 crore in market value in 2007-08.
The total market cap of all the listed companies in the country, however, rose by about Rs18,00,000 crore during the fiscal, counting close to 100 that got listed during the year.
But as many as 1,000 companies, including newly listed firms, recorded a fall in their market capitalisation, while another 1,400 firms managed to add about Rs15,00,000 crore to their valuations.
Those that witnessed a fall in their market cap include the big names of IT sector, such as Infosys, Tata Consultancy Service, Wipro, Satyam Computer, HCL Technologies, Tech Mahindra, i-Flex, MphasiS, Patni Computer and Moser Baer.
Besides, firms like Tata Motors, Dr Reddy’s, Cipla, Hindustan Zinc, Mahindra and Mahindra, Zee Entertainment, Jet Airways, Parsvnath, Videocon Industries, Financial Technology, United Breweries, Indian Hotels and Container Corporation also shed value.
Infosys, TCS and Wipro lost Rs18,000-42,000 crore, while Satyam, HCL Tech and Patni lost Rs2,000-4,500 crore.
Tata Motors, M&M, Hindustan Zinc, Cipla, Container Corp, Dr Reddy’s, Tech Mahindra, i-Flex, Videocon, MTNL, Bharat Forge, Sobha Developers, United Breweries, Amtek Auto, Cadila, Wockhardt, Aventis Pharma, Ansal Properties, Aurobindo Pharma, Mindtree Consulting, Hexaware, Subex and NIIT Tech all lost between Rs1,000-10,000 crore each.
Together these 1,000 firms saw their market value falling to about Rs7,24,000 crore, from about Rs9,82,000 crore at the end of fiscal ended 31 March, 2007.
In comparison, the market capitalisation of 1,400 other companies rose to about Rs40,40,000 crore from about Rs25,40,000 crore at the end of previous fiscal.
The most prominent gainers included Reliance Industries, ONGC, NTPC, Bharti Airtel, NMDC, MMTC, Reliance Comm, SBI, BHEL, L&T, ICICI Bank, ITC, SAIL, Reliance Petro, HDFC, Indian Oil, Tata Steel and Sterlite Industries.
RIL, NMDC and MMTC each recorded gains of more than Rs1,00,000 crore, while market capitalisation of MMTC rose by about Rs98,000 crore.
Besides, market values of companies like ONGC, NTPC, SBI, BHEL, L&T, Reliance Petro, ITC, SAIL, HDFC, Tata Steel, Sterlite Industries and Jindal Steel rose between Rs20,000 crore to Rs50,000 crore.
Firms like Reliance Communications, HDFC Bank, Unitech, Cairn India, Suzlon Energy, GAIL India, Reliance Capital, Reliance Energy, Nalco, Axis Bank, GMR Infra, Tata Power, Essar Oil, Neyveli Lignite, RNRL and Hindustan Copper also saw their market capitalisations growing by over Rs10,000 crore.
Collectively, the market capitalisation of all the listed companies, including those that made a debut on the bourses during the year, rose by over 50% during the fiscal.
The total market capitalisation of all the listed firms currently stands at Rs53,09,319 crore, as against Rs35,44,979 crore at the end of previous fiscal.
Besides, the market capitalisation of the 30 Sensex companies rose to Rs23,26,429 crore from Rs17,11,241 crore at the end of the previous year -- representing a gain of about 36% or over Rs6,00,000 crore.