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Companies that investors have trust/mistrust on
Investors confidence seem to have come back again in the following list of 85 companies that is listed on the BSE 500.
Investors' confidence seem to have come back again in the following list of 85 companies that is listed on the BSE 500.
If you compare the average volume of the BSE 500 stocks that traded both on the two set of dates, ie, Nov 29, 2005 to May 10, 2006 and June 14, 2006 to September 27, 2006, the list of companies mentioned in the table below are now trading at volumes higher than what they did between Nov 29, 2005 and May 10, 2006.
During both these periods markets were trading at same levels, but the same stocks are now trading at higher volumes.
To name few, companies like Mahindra Gesco , Vertex Spinning, Hikal , IL&FS Investsmart , Tata Coffee , Gokaldas Exports , Polaris Software are all trading at higher volumes, a percentage increase in the range of 1281.78-203.72%, in this ongoing uptrend vis-a-vis the period between Nov 29, 2005 to May 10, 2006.
It should be kept in mind that the first leg of the rally was between Nov 29, 05 and May 10, 2006 and during that period markets were trading at levels between 8931.16-12612.38.
Markets crashed on May 11, 2006 and started recovering from June 14, 2006, which is considered the second leg of the rally. The same 8929 level was again seen on June 14 and currently markets are trading at 12,428 levels.
Another interesting fact to notice is that after the May crash, just in four months these companies have again come to the same trading levels and have even gone up, than what it was during the first rally. During the first rally the stocks took nearly five months to reach those levels.
This suggests that retail investors have again started participating and maybe participating more in these stocks.
Company
Average Volume( no of shares)
Diff in vol
% chng
29/11/05-10/05/06)
14/06/06- 27/09/06
Mahindra Gesco
66129.53
913763.38
847633.85
1281.78
Vertex Spinning
17662.53
101467.28
83804.75
474.48
Hikal
3442.35
13333.72
9891.38
287.34
IL & FS Investsm
35901.85
128710.28
92808.43
258.51
Tata Coffee
15426.10
54860.29
39434.19
255.63
Gokaldas Exports
8108.84
26419.80
18310.96
225.81
Polaris Software
215406.84
654243.78
438836.94
203.72
Divi's Lab
9360.11
24522.59
15162.48
161.99
Videocon Inds.
64086.71
161490.28
97403.57
151.99
Sterlite Inds.
519007.80
1296380.41
777372.61
149.78
Bombay Dyeing
277022.74
659646.70
382623.96
138.12
Alembic
68918.59
153603.71
84685.12
122.88
Patel Engg.
47293.55
101911.95
54618.39
115.49
Navneet Publicat
13375.23
28709.55
15334.32
114.65
Hotel Leela Ven.
312556.64
663640.24
351083.60
112.33
J K Inds.
75079.18
153362.42
78283.24
104.27
Jet Airways
88398.82
176158.79
87759.97
99.28
H P C L
149996.51
295402.88
145406.37
96.94
Century Textiles
603208.25
1165769.91
562561.66
93.26
Balrampur Chini
682391.15
1311365.00
628973.85
92.17
Tele Data Infor.
399661.38
747799.61
348138.22
87.11
Hind.Construct.
261192.74
481508.87
220316.13
84.35
Hind.Zinc
459926.59
845452.64
385526.05
83.82
Sintex Inds.
46309.29
84516.70
38207.41
82.50
Balaji Telefilms
17866.70
32257.11
14390.41
80.54
Indiabulls Fin.
678345.34
1222143.20
543797.86
80.17
HMT
342917.20
600465.32
257548.12
75.11
Aftek Infosys
701586.36
1203217.50
501631.14
71.50
Uni.Brew.(Hold.)
50161.72
85836.38
35674.67
71.12
S Kumars Nation
342182.23
573841.68
231659.46
67.70
Aarti Inds.
50217.10
83409.54
33192.44
66.10
Apollo Tyres
25684.62
41787.59
16102.97
62.70
United Breweries
49767.23
80736.76
30969.53
62.23
Amtek Auto
118269.65
188419.42
70149.77
59.31
Escorts
498244.46
793527.97
295283.51
59.26
B H E L
84300.86
134189.91
49889.04
59.18
India Cements
1074996.09
1698536.80
623540.71
58.00
Gammon India
82556.46
125852.75
43296.29
52.44
Prajay Engg.
188945.48
283783.51
94838.03
50.19
Infra.Devlp.Fin
1703768.99
2383702.86
679933.86
39.91
Geodesic Inform.
116235.02
158956.33
42721.31
36.75
Geometric Soft.
109793.86
148954.51
39160.65
35.67
Century Enka
48360.62
65016.17
16655.55
34.44
TVS Motor Co.
231403.65
310991.80
79588.15
34.39
MPhasis BFL
239368.89
316941.04
77572.15
32.41
Unitech
656806.72
861016.65
204209.93
31.09
Automotive Axles
8575.75
11238.23
2662.48
31.05
Hindalco Inds.
1225999.53
1595730.71
369731.18
30.16
Finolex Inds
385410.53
499884.62
114474.09
29.70
Mascon Global
526720.44
680753.64
154033.21
29.24
Alok Inds.
324991.45
418665.72
93674.27
28.82
I P C L
715003.35
918383.36
203380.00
28.44
Birla Corp.
123516.78
158379.16
34862.38
28.22
Exide Inds.
587203.00
738486.33
151283.33
25.76
TV 18 India
32155.93
38783.12
6627.19
20.61
Bajaj Hindustan
551742.55
665306.14
113563.59
20.58
Bayer CropScien.
37396.93
44916.25
7519.32
20.11
Infotech Enterpr
36074.13
42568.23
6494.10
18.00
Jindal Saw
40453.47
47650.78
7197.30
17.79
SpiceJet
1102292.05
1290351.42
188059.37
17.06
Zee Telefilms
957787.74
1112879.26
155091.53
16.19
GHCL
305883.82
354954.68
49070.87
16.04
Bharat Forge
243915.69
282042.12
38126.43
15.63
N O C I L
854852.68
973827.38
118974.70
13.92
Essar Oil
1556924.60
1758206.75
201282.15
12.93
Container Corpn.
17745.23
20023.51
2278.29
12.84
Sterlite Optical
814812.77
906887.70
92074.92
11.30
Tata Steel
1607543.43
1788481.97
180938.55
11.26
India Infoline
209653.82
231694.00
22040.18
10.51
Natl. Aluminium
278628.31
307452.08
28823.77
10.34
Lak. Mach. Works
331.33
363.91
32.58
9.83
Simplex Infrastr
18160.41
19903.67
1743.26
9.60
Syndicate Bank
405874.77
430258.97
24384.20
6.01
Indian Oil
101253.11
107307.38
6054.27
5.98
Hero Honda Motor
144869.42
151428.92
6559.50
4.53
SREI Infra. Fin.
581294.87
600584.47
19289.60
3.32
Patni Computer
123122.19
126460.47
3338.28
2.71
Nag. Constructn.
356847.95
366175.13
9327.18
2.61
Radico Khaitan
90319.60
92588.95
2269.35
2.51
Vijaya Bank
301337.27
308859.83
7522.56
2.50
SRF
367576.32
376026.96
8450.64
2.30
IVRCL Infrastruc
579028.59
588945.25
9916.66
1.71
Rajesh Exports
140696.17
141833.16
1136.99
0.81
Reliance Capital
1626419.55
1636604.45
10184.89
0.63
EIH
108853.10
109101.47
248.36
0.23
Bharti Airtel
259511.47
259608.17
96.70
0.04
Capitaline Plus
On the other hand, as many as 496 of the BSE 500 stocks have not still got back the trust of retail investors. Out of these 496 companies, the volume of nearly 220 companies are 100-50% away from the volumes it was trading at before May 11.
The list includes companies like BL Kashyap , Sun TV , Pratibha Industries , Nitco Tiles , Pyramid Retail, ABG Shipyard , Renuka Sugar , Punjab Tractors and may more.
continued on the next page
