The Sensex bade farewell to Samvat 2065 with spectacular gains of 8,813 points or 103%. The index had infact also started the year with sizzling gains of nearly 6% on Muhurat trading which took place on 28th October, 2008. |
A study of the top ten performers and underperformers from the BSE A-group stocks for the Samvat year reveals an interesting picture.
Top 10 gainers on Muhurat day, 28.10.08 | ||||
Comp name | 16.10.09 | 28.10.08 | Yearly % gain/loss | Muhurat day % gain/loss |
IVRCL Infra | 417.80 | 83.50 | 554.35 | 30.78 |
Everest Kanto Cylinder | 203.65 | 161.50 | 53.01 | 21.34 |
GMR Infra | 74.45 | 29.70 | 200.81 | 20.00 |
Opto Circuits | 212.00 | 90.64 | 178.54 | 19.09 |
Essar Oil | 171.25 | 77.15 | 162.25 | 18.15 |
GMDC | 113.75 | 46.75 | 186.89 | 17.91 |
Welspun Gujarat | 280.35 | 100.50 | 227.13 | 17.27 |
United Phosphorus | 162.40 | 82.95 | 126.97 | 15.93 |
Koutons Retail | 378.50 | 695.65 | -37.29 | 15.26 |
Videocon Ind | 253.00 | 115.30 | 152.50 | 15.07 |
Source: BS Research Bureau | ||||
The top 10 gainers from A-group stocks on Muhurat Day were as follows - IVRCL Infra up 31%, Everest Kanto Cylinder (21%), GMR Infrastructure (20%), Opto Circuit (19%), Essar Oil (18%), GMDC (18%), Welspun Gujarat (17%), United Phosphorus (16%) and Videocon Industries (15%).
A year down the line, most, i.e. eight out of them were able to outperform the Sensex with scintillating gains. However, there were a couple of exceptions in the form of Everest Kanto Cylinder and Koutons Retails.
IVRCL Infra the major gainer on Muhurat Day, also posted massive gains for the year, up 554% at Rs 417 from Rs 83.
However, Everest Kanto Cylinder which was the second biggest gainer on Muhurat Day, turned out to be a under-performer with a gain of just 53% for the rest of the year compared to the 103% surge in Sensex.
The odd one out - Koutons Retail which advanced 15% but under-performed with a loss of 37% at Rs 378 from Rs 696 on Muhurat Day.
Glenmark Pharma was the biggest loser on October 28 tumbled around 10% and lost 7% at the end of the year. On the other hand stocks like Jai Corp which shed 5% last year on the Muharat trading day, added 56% throughout the year.
Procter & Gamble, Cummins India, Cadila Healthcare, Dr Reddy's Labs and Mahindra & Mahindra were the other marginal losers which were down above 0.5% each.
The major gainers throughout the year who also outperofrmed the Sensex were Jindal Steel & Power, surged 651% last Samvat from Rs 100 to Rs 699. The scrip gained 7% on the Muhurat trading day. Lanco Infratech was up 512% as against an increase of 8% on that day.
The prominent losers for the year comprised of Koutons Retail, Sterling Biotech, Ackruti City and Glenmark Pharma.
Sterling Biotech slumped to Rs 112 from Rs 163, down 28% annually.
Ackruti City slipped 11%, which however was up 10.5% on the Muhurat trading day. Glenmark Pharma was the only exception to the others, it fell 7% yearly and was also down around 10% on the auspicious trading day.
Top 10 Losers on Muhurat day, 28.10.08 | ||||
Comp name | 16.1009 | 28.10.08 | Yearly % gain/loss | Muhurat day % gain/loss |
Glenmark Pharma | 240.15 | 234.45 | -7.37 | -9.57 |
Jai Corp | 212.65 | 129.55 | 55.96 | -4.99 |
Procter & Gamble | 1542.40 | 698.60 | 117.24 | -1.61 |
Cummins India | 379.75 | 210.00 | 78.41 | -1.34 |
Cadila Healthcare | 550.54 | 257.80 | 111.02 | -1.18 |
Dr Reddy's Labs | 940.75 | 422.45 | 121.38 | -0.59 |
Mahindra & Mahindra Finan Serv | 252.10 | 190.75 | 31.51 | -0.50 |
Bosch | 4162.25 | 2796.85 | 48.42 | -0.27 |
NMDC | 348.75 | 143.00 | 143.71 | -0.07 |
Source: BS Research Bureau | ||||
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