Sens*x may have gained 58% from its one-year low but did you know that over 400 companies have more than doubled their share prices from one-year lows.
As many as 20 largecaps such as RIL, SAIL, M&M , Sterlite, ICICI Bank and 30 mid-caps like Sesa Goa, Dish TV, Suzlon, Pantaloon and Unitech are among the 400-odd stocks which have given over 100% returns, if you would had bought them at their lows, an analysis of CMIE data shows.
Out of the 2600-odd stocks listed on the BSE and NSE, 405 stocks have at least doubled their values from their 365-day lows touched in October last year. Simply put, one out every six stocks has gained over 100% from their one-year bottom.
When Sens*x dipped to 7,697 on October 27 last year, many stocks such as Jindal Steel and Power crashed to their lows as investors sentiment went for a toss.
However, the rise has been equally impressive with sens*x now trading above the 12,000 mark. Shares of Jindal Steel, after languishing at Rs 517 on October 27, 2008, is now close to Rs 1,675 — tripling in value in a matter of just seven months. (s=et)
CAclubindia
