M-cap up Rs 3 trillion in 7 mths

The market capitalisation of the stocks traded on the Bombay Stock Exchange increased by a whopping over Rs 330,000 crore (Rs 3300 billion) during the 1000 points rally of Sensex from November 17, 2004 to June 21, 2005.

The aggregate capitalisation of traded stocks on the BSE soared to an all-time record high of Rs 18,20,000 crore (Rs 18200 billion) as on June 21, 2005, from Rs 14,91,069 crore (Rs 14,910.69 billion) on November 22, 2004, an increase of Rs 3,29,000 crore (Rs 3,290 billion) in last seven months.

Out of 2,450 actively traded stocks, 88 per cent (2,156 stocks) reported gains, while only 12 per cent or 384 were losers. Of the 2,156 gainers, the market prices of 681 more than doubled.

Within these, ten stocks appreciated more than 1,000 per cent, thirty-four stocks gained in the range of 500 per cent to 1000 per cent and 205 between 200 per cent 500 per cent.

The rally was mostly fuelled by mid-cap and small cap stocks. Shares from these categories outperformed frontline stocks.

KSL Industries was the major gainer with its share price rising 14-fold from Rs 135 on November to Rs 1,862.85 today.

Arihant Foundation appreciated by 1,136 per cent from Rs 11.01 to Rs 136.05. Lakshmi Overseas moved up 723 per cent to Rs 318.10 (Rs 38.65), Kemp & Co 620 per cent to Rs 212.40 (Rs 29.50), Galaxy Entertainment 542 per cent to Rs 161.15 (Rs 25.10) and Ansal Infrastrures 518 per cent to Rs 232.10 (Rs 37.53).

Bharat Earth Movers from Rs 268 to Rs 619.75 and Reliance Capital from Rs 145.25 to Rs 289.45 are only two frontline A-group stocks from BSE, appreciated more than 100 per cent in last seven months.

Titan Industries Rs 355.15 (Rs 180.10), Crompton Greaves Rs 454.05 (Rs 248.25), India Cement Rs 72.84 (Rs 40.15), Bombay Dyeing Rs 350.80 (Rs 200.40) and Century Textiles Rs 273.89 (Rs 157.40) are the other A group stocks gain more than 70 per cent during the period.

Among the sectoral classifications, out of 111 industry classified by the Business Standard Research Bureau, 105 sectors had increase in their market values.

Constructions, air-conditioners, power cables, leather products, industrial explosives and gases, moulded luggage and decorative and lamination are among the major gainers appreciated total market value more than 100 per cent.

Textiles ready-made apparel, transmissions, breweries, solvent extraction, electrodes, cement products, food processing, sugar, forging, paints, telephone cables, mining and bearings are other sectors total m-cap increased into 50 per cent to 100 per cent bracket.

Pesticides (19 per cent), shipping (16 per cent), packaging (14 per cent), aluminum (12 per cent) and Ferro alloys (10 per cent) are among the losers in current market rally.