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CNX midcap index hits new lifetime high
The CNX midcap index has hit a new lifetime high. CNBC-TV18 reports on what has been the journey so far and the stocks that have helped it reach this new high.
The has hit a new lifetime high. CNBC-TV18 reports on what has been the journey so far and the stocks that have helped it reach this new high.
Some of the midcap banking stocks gained between 25-35%, but analysts feel that the stock, which has done the best is , which recovered over 50%. Stocks like IndusInd Bank , Andhra Bank and Vijaya Bank recovered around 26-32%.
Cement stocks have also done well for themselves. India Cements and Birla Corporation are up around 32% from the lows they saw on August 21.
Individual stocks like Glenmark , United Spirits , Thermax , JSW Steel , Arvind Mills , Indiabulls Financial , Bombay Dyeing , TVS Motors and HCL Info have all recovered between 27-35% during this recovery.
There are some laggards like the pharma and healthcare companies, including stocks like Wyeth , Pfizer , , and Apollo Hospital . Stocks like , Sterling Biotech and Gillette India are still on the levels they saw on August 21 lows.
Other stocks like MRF Motors , Britannia and Kansai Nerolac are still languishing in the August lows.
Company
Close Price 21.08.2007
Close Price 13.09.2007
Rise/Fall
UCO Bank
26.1
39.35
50.77%
United Spirits
1244.05
1656.45
33.15%
TVS Motor Co.
55.75
73.65
32.11%
India Cements
207.15
272.45
31.52%
Birla Corp.
239.85
315.3
31.46%
IndusInd Bank
49.3
64.75
31.34%
Arvind Mills
42.1
54.05
28.38%
Bombay Dyeing
500.1
637.1
27.39%
Andhra Bank
73.85
93.8
27.01%
Glenmark Pharma
300.23
381.3
27.00%
JSW Steel
538.95
681
26.36%
HCL Infosystems
172.4
217.7
26.28%
Indiabulls Fin.
437.25
548.45
25.43%
Vijaya Bank
48.75
60.8
24.72%
Infra.Devlp.Fin
109.05
135.5
24.25%
Sesa Goa
1716.05
2131.1
24.19%
Jindal Steel
3726.9
4618.9
23.93%
Ship. Corp. (I)
169.4
209.4
23.61%
Madras Cement
3245.1
3988.6
22.91%
Moser Baer (I)
250.2
305.75
22.20%
Union Bank (I)
122.9
150.05
22.09%
Financial Tech.
2053.75
2506.35
22.04%
Balrampur Chini
53.35
65.1
22.02%
Chambal Fert.
42.9
52.3
21.91%
Alstom Projects
648.15
787.75
21.54%
Shree Cement
1125.4
1359.95
20.84%
I D B I
111.7
134.15
20.10%
Syndicate Bank
71.7
85.2
18.83%
Cummins India
347.9
412.3
18.51%
Nicholas Piramal
234.15
276.95
18.28%
Hotel Leela Ven.
40.7
47.95
17.81%
Divi's Lab
1028.6
1210.2
17.66%
United Phosp.
305.35
358.85
17.52%
Corporation Bank
305.5
359
17.51%
Allahabad Bank
81
95.15
17.47%
Aban Offshore Lt
2595.8
3045.45
17.32%
R C F
46.85
54.7
16.76%
Max India
192.4
224.15
16.50%
Century Textiles
681.85
792.8
16.27%
Bank of Mah.
48
55.35
15.31%
Crompton Greaves
272.15
313.55
15.21%
HMT
58.55
67.3
14.94%
Adani Enterprise
333.6
382.25
14.58%
LIC Housing Fin
184.35
211.2
14.56%
Thermax
609.4
691.25
13.43%
Motherson Sumi
84.77
96.15
13.42%
Dredging Corp.
529.95
600.15
13.25%
Bank of India
222
250.3
12.75%
Hexaware
116.4
131.2
12.71%
Bajaj Hindustan
126.2
142.05
12.56%
CESC
429.85
482.75
12.31%
Bharat EarthMove
1113.9
1250.7
12.28%
Exide Inds.
55
61.7
12.18%
Petronet LNG
59.1
66.2
12.01%
Aditya Birla Nuv
1270.85
1423.5
12.01%
Pantaloon Retail
457.65
507.05
10.79%
Patni Computer
418.8
460.65
9.99%
Colgate Palmoliv
360.95
395.55
9.59%
Aurobindo Pharma
565.5
617.1
9.12%
GlaxoSmith C H L
580
630.7
8.74%
Tata Chemicals
237.75
258.3
8.64%
Chennai Petroleu
255.25
276.65
8.38%
Alfa Laval (I)
939.75
1010.7
7.55%
Ashok Leyland
34.6
37.2
7.51%
Gammon India
387.45
416.4
7.47%
Sundaram Clayton
707.6
756.35
6.89%
Lupin
570.05
608.8
6.80%
MphasiS Ltd
273.95
292.45
6.75%
Nirma
156.95
167.15
6.50%
Marico
56.1
59.7
6.42%
Indraprastha Gas
108.5
115.4
6.36%
Matrix Labs.
222.4
235.95
6.09%
ING Vysya Bank
228.7
242.55
6.06%
Ballarpur Inds.
135.05
142.9
5.81%
Essar Oil
50.05
52.5
4.90%
Centurion BnkP
38.15
39.55
3.67%
Amtek Auto
340
352.15
3.57%
EIH
106.3
109.85
3.34%
Raymond
265.6
272.25
2.50%
Punjab Tractors
232.75
238.1
2.30%
J & K Bank
669.7
685
2.28%
Monsanto India
1367.85
1398.7
2.26%
Jubilant Organ.
282.6
288.1
1.95%
Asahi India Glas
104.25
105.9
1.58%
Engineers India
454.05
460.4
1.40%
Sterling Biotech
159.4
161.6
1.38%
Godrej Consumer
138.7
140.6
1.37%
Asian Paints
937.55
949.85
1.31%
Jindal Saw
607.7
614.75
1.16%
Kansai Nerolac
715
711
-0.56%
Cadila Health
309.55
307.25
-0.74%
Apollo Hospitals
482.4
477.8
-0.95%
Gillette India
888.6
874.6
-1.58%
MRF
3894.95
3830.1
-1.66%
Aventis Pharma
1245.2
1221.25
-1.92%
P & G Hygiene
773.1
756.55
-2.14%
Pfizer
703.9
687.65
-2.31%
Britannia Inds.
1578.85
1539.4
-2.50%
Wyeth
503.55
490.15
-2.66%
Sundram Fasten.
55.1
53.1
-3.63%
Analysts said that the CNX midcap index recovered 15% in the last 15-20 days, which means virtually 1% daily. The 
