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Stocks that still are a cause of heartburn to investors

Retail participation continued to remain muted as can be seen from the slackness in mid and small cap shares.

March 10, 2014 / 08:35 IST
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Moneycontrol Bureau

Benchmark indices Nifty and Sensex continued to make new highs on Friday, as investors are betting on a stable government after the elections, and a recovery in the economy. Banks and capital goods have been among the best performing stocks in the latest rally. FIIs net bought shares worth Rs 1273 crore on Thursday, their biggest daily purchase since December 19, extending their buying streak to a 15th straight day, totalling more than USD 1 billion.However, retail participation continued to remain muted as can be seen from the slackness in mid and small cap shares.    In the CNX Midcap, 44 out of the 100 stocks are trading below the price it touched on Jan 8, 2008 when the market had peaked just before the global financial crisis.

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Company Name 8-Jan-08 6-Mar-14 % CHG
Unitech 525  12.1-98%
Suzlon Energy  463.99 10.59-98%
Reliance Capital   2697.15  329 -88%
Reliance Communications  804.4 118.3-85%
Gitanjali Gems  430.7 62.65-85%
Financial Technologies (India)  2466  348-84%
Reliance Infrastructure  2541.2 400.75-84%
GMR Infrastructure   122.65 21.8-82%
India Cements  276.85 57.7-79%
Steel Authority Of India  263.35 61.35-77%

 In the BSE smallcap, out of 439 companies, 202 companies are trading below the price it touched on Jan 8, 2008 (closing price).

Company Name 8-Jan-08 6-Mar-14 % CHG
Kingfisher Airlines  285.2 2.53-99%
GTL Infrastructure  91.4 1.57-98%
Educomp Solutions  879.79 23.3-97%
Reliance Mediaworks  1490.03 56.55-96%
Bajaj Hindusthan  315.89 13.7-96%
IL&FS Engg & Construction  850.55 37.75-96%
IVRCL   262  12.16-95%
Ansal Properties & Infrastructure  401.55 19.05-95%
Punj Lloyd  548.55 27.65-95%
Jai Corp  1380.6 68.25-95%

first published: Mar 7, 2014 08:01 pm

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