MUMBAI: Mukesh Ambani group’s least valued entity Reliance Industrial Infrastructure, Ruias-promoted Essar Oil, public sector entity Hindustan Copper and realtor Unitech have found a place among companies where shareholders’ wealth has at least doubled in the current rally on bourses.

As per an analysis of change in market values of all the listed entities since March 9, the top two slots in terms of percentage gain in market capitalisation have been grabbed by Alok Industries, a textile firm, and KLG Capital, which is primarily engaged in the business of share trading.

While there are four companies with a gain of over 200 per cent in market value, as many as 48 companies have managed to grow by more than 100 per cent since March 9.

The market benchmark Sensex has gained over 2,500 points or about 30 per cent during this period, while total market cap of all the entities has grown by about Rs 8,00,000 crore.

Reliance Industrial Infrastructure (RIIL) is placed at third position with a gain of 205.5 per cent, after Alok Industries’ 216 per cent and KLG Capital’s 205.8 per cent.

Another company, Surana Industries, which is engaged in steel manufacturing business, has also managed a gain of over 200 per cent.

The companies with more than 100 per cent gain include Anand Jain-promoted Jai Corp, Essar Oil, Hindustan Copper, Deccan Chornicle and Unitech.

These also include Sanwaria Agro, Gitanjali Gems, Mysore Cement, Chemplast Sanmar and S Kumars Nation.

There are as many as 460 companies having seen a surge of 50-100 per cent during this period.

While market players are still divided whether the recent uptrend could be termed as the beginning of another bull run, wherein close to 1,450 companies have gained at least 25 per cent in a period of just about over a month and about 1,000 other firms have seen a gain of up to 25 per cent.

On the other hand, just about 200 companies currently have a market value below the level seen before March 9 and many among these have also embarked upon an uptrend.

In terms of gains in absolute terms, the country’s most valued firm RIL is the biggest gainer with a rise of over Rs 86,000 crore in its market cap, followed by ONGC (Rs 40,400 crore), NMDC (Rs 24,300 crore), SBI (Rs 23,200 crore) and ICICI Bank (Rs 19,100 crore).

Besides, L&T, Reliance Comm, BHEL, HDFC, MMTC, Reliance Petro, DLF, Bharti Airtel, NTPC, SAIL, Essar Oil, HDFC Bank and Hindustan Copper have also added at least Rs 10,000 crore to their market cap.

Other major gainers include Infosys, Sterlite, TCS, Wipro, ITC, Axis Bank, Tata Steel, GMR Infra, GAIL, Jindal Steel, Hindustan Zinc, Kotak Mahindra Bank, Reliance Capital, PNB, Maruti, Tata Power, Reliance Power, Tata Motors and Jaiprakash Associates.

source: Economictimes

Tags: analysis, essar, hindustan copper, jaiprakash, Reliance Industrial Infra, RIIL, Surana Industries, unitech

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