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Show Stoppers: 201 cos Shine post May meltdown

Published on Sun, Aug 20, 2006 at 13:18 | Source : Moneycontrol.com

Updated at Wed, Sep 20, 2006 at 16:09

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In a startling reversal of fortunes, 201 companies, belonging to smallcap and midcap segments have gained more than what they lost during the May-June correction.

In a move up that began on June 15, these companies have not only wiped off their May-June losses but have gained more than what they lost during May-June meltdown, a research done by Moneycontol reveals.

Interestingly, all these 201 companies completely wiped their May-June losses during the move up from June 15 to August 24 period. While 99 of these have been net gainers during the May-August duration under consideration, 102 have been net losers.

This list also includes stocks that gained during the period (May-June; June-August). Setco Automotive, which features in the list of gainers, takes the numero uno position in this list.

The stock gained a huge 217.86% even while the global markets were melting. During the uptrend that began post June 14 the stock posted another 65.37%. The net gain during the May-August duration is a humongous 425.67%.

If one looks at the Sensex during the said period, it lost 28.19% during May-June. But the recovery saw it gaining 29.15% till August 24. However, the 30-stock bellwether lost 7.27% during the May-August period.

The second most startling item of this pack, as the name itself suggests is Crazy Infotech . Like its name, the share price movement has shown a crazy trend. Even when the stock lost 37.32% during the May-June correction, it gained a mind bogglingly 538.20% since then. Even if one is to compare the May-August timeframe this stock has gained a whopping 300%.

Ritesh Industries , too, gained 175.83% beginning May 11 till August 24. In between it lost 18.21% during the meltdown followed by a 237.25% gain.

Mahalaxmi Rubtec gained a consolidated 136.11%. This is yet another stock that gained during the period of comparison. After notching 55.56% returns during May-June time it further added a robust 51.79% later.

Poonam Corp has shown a bit of a topsy-turvy behaviour with gains during one of the worst and severest correction outsmarting the gain during recovery. The stock gained 102.70% in the first phase of correction and later gained a mere 10.67% from June 15. It has nevertheless notched a cool 124.32% during the May-August duration.

Table of startling stars on page 2

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