Nov 07, 2006, 01.23 PM | Source:

One-year old cos that partied with the markets

As nearly as 81 companies got listed in the FY05-06. Amongst the 81listed, we can safely say 26 companies have participated whole heartedly in both the rallies.

With strong corporate earnings, markets touching the magical level of 13000, everything seems to be going the correct way. This is further proved when we track the stock returns of the companies which got listed on the BSE between FY05-06. As many as 81 companies got listed in the last financial year. Amongst the 81listed, we can safely say 26 companies, leave alone the ones which got listed after May 10 2006, have participated whole heartedly in both the rallies, ie 29 Nov 2005- May 10 2006 and 15 June -30 October 2006 onwards. 

The list comprises companies like 3i Infotech , Allsec Tech , Aurionpro Solution , FCS Software , Gokaldas Exports , HT Media , IL&FS Investsmart , India Infoline , JK Cements , KM Sugar , MSP Steel &Power , Nandan Exim , Nectar Lifesciences , Suzlon Energy , Yes Bank and many more.

For example, 3i Infotech has given return of 45.30% and 34.99% in the first and the second rally respectively. In the same way companies like Gokaldas Exports have given 19.97% and 20.16%, HT Media 17.77% and 76.44%, IL&FS Investsmart 4.74% and 42.84%, Suzlon Energy 60.05% and 54.66%, Yes Bank 58.10% and 51.50% in the first and the second leg of the rally respectively.

Not to leave behind the companies which missed the first bus, as they got listed after May 10, but they did not lose the second opportunity to rake in moolah in the second rally.

The companies that contributed to the June 15 till Oct 30 are AIA Engineering giving 87.11%, BL Kashyap - 52.52%, ABG Shipyard -10.28%, Adhunik Metal - 13.90%, Bartronics India -96.64%, Bombay Rayon Fashion -37.67%, ENIL -37.88%, Everest Kanto -67.05%, Gitanjali Gems - 64.70%, GVK Power Infrastructure 25.24%, Inox Leisure -28.20% etc.

According to experts, the companies which got listed and which are going to list now are not only adding to the market capitalization but are also attracting retail investors to markets.

Besides strong corporate earnings and crude hovering USD 58-60 per bpd, this is another factor which is influencing the market.

At present two IPOs are coming out. They are Parsvnath Developers which is in reality space and Cairns Energy IPO which is into oil exploration.

Experts feel that Cairns Energy issue is driving up ONGC's valuations because of pure arbritage opportunities. ONGC is comparitively cheaper to Cairns IPO valuations in the oil and gas sector. 

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ONGC IIFL Holdings 3i Infotech
Gokaldas Export ALLSEC Tech HSBC Invest
MSP Steel Nectar Life Yes Bank
Nandan Denim J. K. Cement HT Media
FCS Software Suzlon Energy aurionPro Sol
ABG Shipyard AIA Engineering Everest Kanto
Bartronics Ent Network Ind KM Sugar Mills
Bombay Rayon BL Kashyap GVK Power
INOX Leisure Gitanjali Gems Adhunik Metalik


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