SENSEX NIFTY
Sep 09, 2009, 03.58 PM IST | Source: Moneycontrol.com

Datawatch: High beta stocks in BSE 500

The Nifty records fresh 52 week high of 4842.2 on Tuesday, 8th September, 2009. The Nifty hits 4800 for the first time since May 30, 2008. In today’s Datawatch we look at the BSE 500 stocks with beta greater than 1.

Datawatch: High beta stocks in BSE 500

The Nifty recorded a fresh 52-week high of 4842.2 on Tuesday, 8th September, 2009. Following that, today, the Nifty hit 4800 for the first time since May 30, 2008. In today’s Datawatch we look at the BSE 500 stocks with beta greater than 1.

What is Beta?
Simply put, beta stocks rise more (outperform) than the index in a rising market but fall greater (underperform) the index in a falling market. Theoretically, beta is a measure of volatility of a stock in comparison to the market as a whole. Here we will compare each stock in BSE 500 to the BSE Benchmark index Sensex.

Beta is key parameter in the capital asset pricing model. The model calculates the expected return of a stock based on its beta and expected returns from the market.

A beta of 1 indicates that the stock price will move in line with the market or index. A beta of less than 1 indicates that the stock price will be less volatile than the index. A beta of greater than 1 indicates that the stock price will be more volatile than the market.

IVRCL Infra has a beta of 1.7 which means if the Sensex moved up 100%, this stock moved up 170%. Only 112 companies out of BSE 500 have beta greater than 1. The analysis further suggests there are as many as 18 real estate and infrastructure companies in the list.

No Company Beta Market Price P/E
      Sep 3, 2009 (Rs) Sep 3, 2009
1 IVRCL Infra . 1.7235 343.1     20.95
2 JP Associates 1.706 215.2     30.06
3 Indbull.RealEst. 1.6859 246.6          -  
4 H D I L 1.6207 292.8     16.33
5 Unitech 1.5856 103.25     42.49
6 Reliance Infra. 1.5781 1118.55     21.05
7 India Infoline 1.5709 134.2     34.86
8 Suzlon Energy 1.5513 100.05          -  
9 ICICI Bank 1.5432 736     20.97
10 Lanco Infratech 1.4926 401.4     27.88
11 Reliance Capital 1.4888 889.25     29.30
12 DLF 1.4756 412.85     73.99
13 Rel. Comm. 1.4564 290.7     34.28
14 IFCI 1.4371 52.65      6.41
15 Orbit Corpn. 1.4327 178.3     37.86
16 Tata Steel 1.4313 420.6      6.94
17 Sterlite Inds. 1.4269 645.55     48.65
18 Nag. Constructn. 1.3699 137.6     20.33
19 Welsp.Guj.Stahl 1.3616 230.3     14.30
20 I D F C 1.3523 131.7     22.02
21 Punj Lloyd 1.3208 255.25     27.21
22 JSW Steel 1.31 671.25     13.57
23 Adlabs Films 1.3082 339.35          -  
24 Aban Offshore 1.3018 1570.4     22.52
25 Century Textiles 1.2954 440.6     11.91
26 Hind.Construct. 1.2931 105.2     28.28
27 Mercator Lines 1.2827 55.1      6.01
28 Essar Oil 1.2771 152.65     23.31
29 S Kumars Nation 1.277 48     22.43
30 Ansal Properties 1.2765 73.8     13.49
31 Aptech 1.2748 264.6     48.46
32 Bombay Dyeing 1.2693 361          -  
33 Praj Inds. 1.2687 96.05     13.53
34 Kotak Mah. Bank 1.2446 700.25     77.81
35 Sterlite Tech. 1.243 266.2     12.15
36 Rel. Indl. Infra 1.2427 1063.3     71.17
37 Rel.Nat.Resour. 1.2409 85.2   198.14
38 Axis Bank 1.237 889.65     15.64
39 KF Airlines 1.2255 45.8          -  
40 GVK Power Infra. 1.2245 45.4          -  
41 S A I L 1.2233 159.95     11.68
42 NIIT 1.2043 67.7     30.50
43 Educomp Sol. 1.2036 4214.1001     54.03
44 Yes Bank 1.2025 165.05     14.02
45 Reliance Inds. 1.1994 1932.1     20.00
46 Hindalco Inds. 1.1837 102.85      8.69
47 Parsvnath Devl. 1.1808 120.3     39.97
48 Triven.Engg.Ind. 1.173 112.65     21.66
49 Dev.Credit Bank 1.172 38          -  
50 Larsen & Toubro 1.168 1516     30.98
51 Tata Motors 1.1661 509.8     26.16
52 TV 18 India 1.1599 108.9          -  
53 H D F C 1.1582 2383.3501     28.52
54 Puravankar.Proj. 1.1496 115.55     28.89
55 Nag. Fert & Chem 1.1461 33.95     30.04
56 Hind.Oil Explor. 1.1437 354.25     88.12
57 Everonn Systems 1.1407 379.65     22.91
58 Firstsour.Solu. 1.1257 33.95     14.76
59 Bajaj Hindusthan 1.1256 183.75          -  
60 IVR-Prime Urban 1.1232 82.2   205.50
61 Ispat Inds. 1.1219 22.3          -  
62 Voltas 1.1203 146.05     20.37
63 Moser Baer (I) 1.119 90.65          -  
64 JSW Holdings 1.1111 1025.2   104.40
65 Idea Cellular 1.1085 79.7     23.58
66 SREI Infra. Fin. 1.0993 69.75     15.53
67 Arvind Ltd 1.0965 34.25          -  
68 Polaris Soft. 1.0916 141.1     10.87
69 Kolte Patil Dev. 1.0905 48.6      5.45
70 3i Infotech 1.0882 85.6      6.68
71 Cairn India 1.0843 255.65   375.96
72 Mahindra Holiday 1.083 332.4     82.89
73 Rolta India 1.0829 177.9      7.69
74 Jet Airways 1.0827 251.2          -  
75 JP Hydro Power 1.0788 82.2     26.69
76 Chambal Fert 1.0777 53.7     11.03
77 Genus Power 1.0776 180.6      5.26
78 Jindal Steel 1.0763 3168.8999     34.32
79 Wire & Wireless 1.0751 19.45          -  
80 Core Projects 1.0719 183.4     20.15
81 Hind.Copper 1.0704 226.25          -  
82 Kirl. Ferrous 1.0613 23.9   103.91
83 KLG Systel 1.0598 206.95      9.94
84 Sh.Renuka Sugar 1.0594 201.95     59.57
85 Videocon Inds. 1.0564 241.75     11.08
86 REI Agro 1.0527 47.1     20.13
87 D C Holdings 1.0514 117.65     18.47
88 LIC Housing Fin 1.0514 633.7      9.78
89 GMR Infra. 1.0425 134.85   421.41
90 NESCO 1.037 845.9     20.73
91 R C F 1.0369 67.2     16.59
92 Brigade Enterpr 1.0351 119.95     62.15
93 HCL Technologies 1.035 302.2     20.31
94 Peninsula Land 1.0328 84.1     13.83
95 Golden Tobacco 1.0327 92.1          -  
96 MIC Electronics 1.0324 49.85      7.69
97 IDBI Bank 1.0323 101.7      8.47
98 Dish TV 1.0309 45.3          -  
99 McNally Bharat 1.0304 186.2     15.79
100 St Bk of India 1.0285 1747.15     11.31
101 Sintex Inds. 1.0282 234.45     11.80
102 Neyveli Lignite 1.0267 127.25     23.74
103 Escorts 1.0232 76     18.10
104 Alok Inds. 1.0226 22.95      7.02
105 Reliance Petro 1.018 120.05   285.83
106 Ruchi Soya Inds. 1.0178 80.45     18.00
107 Walchan. Inds. 1.0165 221.85     31.47
108 M & M 1.0161 813.4     22.75
109 S T C 1.0125 341.8     23.75
110 Patel Engg. 1.0065 429.55     15.24
111 Prime Focus 1.0028 187.6     36.36
112 ICSA (India) 1.0014 200.65      5.86

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source: Capitaline

Disclaimer: Datawatch is purely intended to reveal interesting statistics. Moneycontrol sources all price information from BSE/NSE and company information from Religare Technova. Moneycontrol is not responsible for inaccuracy/non-updation of data. There is no intention whatsoever to arrive at any conclusion or recommend any stocks or sectors. Please consult your financial advisor before taking any investing decisions.

IVRCL stock price

On October 31, 2014, IVRCL closed at Rs 18.85, up Rs 1.90, or 11.21 percent. The 52-week high of the share was Rs 30.75 and the 52-week low was Rs 9.80.


The latest book value of the company is Rs 47.26 per share. At current value, the price-to-book value of the company was 0.40.

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