SCORECARD 2012: L&T, HCL Tech defy sector weakness

Stock selection held the key to outperformance even as the rally became broad-based towards the last quarter of the calendar. Fund managers chased FMCG stocks despite expensive valuations, and rising bad loans failed to deter investors from piling on to banking shares.
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Dec 31, 2012, 06.28 PM | Source: Moneycontrol.com

SCORECARD 2012: L&T, HCL Tech defy sector weakness

Stock selection held the key to outperformance even as the rally became broad-based towards the last quarter of the calendar. Fund managers chased FMCG stocks despite expensive valuations, and rising bad loans failed to deter investors from piling on to banking shares.

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SCORECARD 2012: L&T, HCL Tech defy sector weakness

Stock selection held the key to outperformance even as the rally became broad-based towards the last quarter of the calendar. Fund managers chased FMCG stocks despite expensive valuations, and rising bad loans failed to deter investors from piling on to banking shares.

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Stock selection held the key to outperformance even as the rally became broad-based towards the last quarter of the calendar. Fund managers chased FMCG stocks despite expensive valuations, and rising bad loans failed to deter investors from piling on to banking shares. But as the spectacular performance of Larsen & Toubro , and HCL Tech proved, there were winners to be spotted even in dud sectors like capital goods and IT.

Infosys' tale of woes continued this year too, in now what appears to be more of company-specific issues more than an adverse operating environment. Number two on the list of laggards was Bharti Airtel , as a strained balance sheet, fierce competition and adverse regulations led to investors to shun the stock.

Among mid-caps, Jet Airways and SpiceJet  took off as price wars abated with the grounding of Kingfisher, and also the government's decision to allow foreign direct investment in the aviation sector.

DB Realty figured among the surprise winners in the mid-cap space, with the re-rating driven by high networth investor Rakesh Jhunjhunwala's decision to invest in the company. The stock more than doubled since October after Jhunjhunwala broke his long standing rule of not investing in real estate firms, and was up over 200 percent for the year as a whole. Among midcap losers, Tulip Telecom shares nosedived after the company failed to repay foreign currency convertible bond holders in time. Indraprastha Gas and Manappuram Finance shares were felled by regulatory decisions, and Educomp Solutions never really recovered after brokerage house Espirito Santo raised doubts about the company's accounting practices.

Top Nifty gainers in 2012

Company Name

% Chg

IDFC Ltd.

88.25

Jaiprakash Associates Ltd.

83.95

Axis Bank Ltd.

71.06

Ultratech Cement Ltd.

70.86

Asian Paints Ltd.

69.66

Tata Motors Ltd.

68.55

ICICI Bank Ltd.

63.89

Larsen & Toubro Ltd.

60.54

Maruti Suzuki India Ltd.

59.80

HCL Technologies Ltd.

59.12

 

 

 

 

 

 

 

 

 

 

 

 

Top Nifty losers in 2012

 

Company Name

% Chg

Infosys Ltd.

-17.29

GAIL (India) Ltd.

-9.17

Bharti Airtel Ltd.

-7.47

Bharat Heavy Electricals Ltd.

-3.83

Jindal Steel & Power Ltd.

-3.20

Wipro Ltd.

-1.74

NTPC Ltd.

-0.95

Cairn India Ltd.

1.67

Oil & Natural Gas Corpn. Ltd.

2.88

Hero MotoCorp Ltd.

3.12

 

 

 

 

 

 

 

 

 

 

 

 

 

Top midcap gainers in 2012

Company Name

% Chg

Ybrant Digital Ltd.

433.75

Tuni Textile Mills Ltd.

324.15

Den Networks Ltd.

300.91

Vakrangee Softwares Ltd.

267.38

Jet Airways (India) Ltd.

227.10

DB Realty Ltd.

214.72

Spicejet Ltd.

173.09

Strides Arcolab Ltd.

168.91

Karnataka Bank Ltd.

152.79

Prestige Estate Projects Ltd.

149.23

 

 

 

 

 

 

 

 

 

 

 

Top midcap losers in 2012

Company Name

% Chg

Shree Global Tradefin Ltd.

-81.20

Tulip Telecom Ltd.

-67.74

BEML Ltd.

-39.23

Indraprastha Gas Ltd.

-33.42

Ruchi Soya Inds. Ltd.

-31.49

Opto Circuits (India) Ltd.

-30.57

Manappuram Finance Ltd

-26.01

Educomp Solutions Ltd.

-25.77

Blue Circle Services Ltd.

-24.78

Monnet Ispat & Energy Ltd.

-22.30

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SCORECARD 2012: L&T, HCL Tech defy sector weakness

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