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All is not lost: Investor wealth soars in 964 stocks

All is not lost: Investor wealth soars in 964 stocks
PTI
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First Published: Sun, Aug 19 2007. 02 26 PM IST
Updated: Sun, Aug 19 2007. 02 26 PM IST
Mumbai: Dalal Street may have lost about Rs4,00,000 crore in market value in the past 15 trading days, but investors in over one-third of the listed companies gained roughly Rs60,000 crore during this period.
Sensex has lost more than 1,000 points since 27 July, the day when concerns related to the US subprime crisis spread to the Indian bourses. The total investor wealth measured in terms of market value of all the listed companies has plunged to near Rs42,00,000 crore from more than Rs46,00,000 crore on 26 July.
However, as many as 964 companies -- nearly 35% of close to 2,760 actively traded stocks on the bourses -- have seen their market value growing during this period.
Interestingly, most stocks that gave positive return to shareholders are from the small-cap and mid-cap universe. However, a few big names like National Mineral Development Corp, MMTC, Axis Bank, Ambuja Cement, Hindustan Copper, IFCI, United Phosphorus and IDBI also figure in the list.
The cumulative market cap of all 964 firms rose to over Rs3,81,000 crore from about Rs3,24,000 crore before 27 July.
MMTC and NMDC gained over Rs10,000 crore each, while Axis Bank (fomerly UTI Bank), Hind Copper, Jai Corporation, India Cements and Phoenix Mills added between Rs1,000-4,000 crore to their market cap.
Other major gainers include Nestle India, Asian Paints, Reliance Natural Resources Ltd, Lanco Infratech, MphasiS Ltd, Essar Steel, EIH, JM Financial, Jagaran Prakashan, Marico, Centurion Bank of Punjab, State Bank of Bikaner, ICI India, Essar Shipping, Bank of Rajasthan and TV Today.
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First Published: Sun, Aug 19 2007. 02 26 PM IST
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