This story is from August 20, 2009

100 BSE stocks gain 100% in 1 yr

Kumar Shankar Roy / TNN / Aug 20, 2009, 00:20 IST

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The bull phase has propelled stock prices of some companies such as Kwality Dairy, Visagar Polytex, Bhagyashree Leasing and Falcon Tyres by over 400% in just one year.

CHENNAI: Hold your breath. The bull phase, which set in the markets early this year, has propelled stock prices of some companies such as Kwality Dairy, Visagar Polytex, Geekay Finance, Well Pack Papers, Bhagyashree Leasing and Falcon Tyres by over 400% in just one year.
Some other counters such as CNI Research, Filatex Fashions, Kiri Dyes, SI Group, Fem Care Pharma, VST Tillers, Shree Cement, Mphasis, Hawkins Cookers and Avery India have made investors richer by 125-250% in the same time, CMIE data shows.
Compare this to sensex stocks like Tata Steel (gained 24%), RIL (-12%), HDFC (3%), Infosys (16%), Bhel (37%) and ICICI Bank (9%). Among sensex stocks, only Maruti Suzuki finds place in the basket of stocks that have at least doubled in the last one year. Sensex has gained 3% during this period with many heavyweights managing to grow value by 15-20%. The return data has been calculated based on adjusted prices for last one year till August 18, 2009.
"We see that despite the many positives that should drive the markets in the long term, the near-term outlook remains cautious given the extreme valuations and monsoon outlook. Hence, rather than betting on the overall index or the markets, it makes much more sense to hunt for undervalued sectors/stock ideas,�� said an analyst of Kredent Brokerage Services in a August 18 note. Among known names, stocks like Uttam Galva, Rural Electrification, Bajaj Auto, Aurobindo Pharma, Torrent Power, Maruti Suzuki and LIC Housing Finance appreciated over 100%. In total, 100 BSE stocks have gained over 100% within a year.
Some stocks having an absolute value of less than Rs 10 such as Avance Technologies, Tirupati Starch, Sarang Chemicals, Pasupati Acrylon, Santaram Spinners, G-Tech Info Training and JIK Industries are also part of the 100%-in-a-year list. "Both investors and advisers expect sensex to reach 16,000-17,000 in December 2009. Around 76% of retail and 88% of advisers expect sensex to rise from current survey levels. Adviser sentiment on an increase in the BSE sensex is higher than retail outlook," revealed a survey by JP Morgan Asset Management and Valuenotes.

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