612 Investors following Ashima. Share this News with them.
0
Like this story, share it with millions of investors on M3
Everyone can't gain from bull market
Since January 01, 2005 to August 24, 2007 the BSE Sensex has gained 7822 points or 118% (from 6602 to 11425 mark). But if we see the same period for Indian textile industry, it has been a very sluggish period for them.
The year 2005 brought bullishness for Indian equity markets. After conquering 6000 mark on February 11, 2000 it took the BSE more than five years to touch 7000, which was achieved on June 21, 2005. After that the bull came charging for Indain equity market.
Since January 01, 2005 to August 24, 2007 the BSE Sensex has gained 7822 points or 118% (from 6602 to 11425 mark). But if we see the same period for Indian textile industry, it has been a very sluggish period for them.
Here are some textile companies which have not only underperformed the Sensex but have also given negative returns, like Ashima, Arvind Mills, Welspun India, Abhishek Industries, Vardhman Textiles, Gangotri Textiles, Raymond and Alok Industries.
It means, investors who have invested in these particular companies have made lossed even though the markets have doubled. This shows that if investors do not pick the right stocks in the bull market then they can't make money even if markets touch their peak.
However, even though the textile sector did badly, if one picked the right stocks within this sector, one has made money. For example; Bombay Dyeing, could have made an investor gain over 115% over the same period.
The year 2005 brought bullishness for Indian equity markets. After conquering 6000 mark on 
