Ups and Downs
The rise and fall of the Indian equity markets Ups and downs are the part and parcel of life. We rise to fall and vice versa. Not all days are sunny. The same analogy applies to the equity markets as well. Presently we are experiencing a bearish market. But this is not the first time. Before this, several bull and bear phases have taken place. Of course, what we saw during 2003-08 was an unprecedented bull rally India has ever experienced. But you must remember the law of gravity. More the force you use to throw, the thing will fall with equal amount of force. In other words, an unprecedented bull rally will follow an unprecedented bear phase too. Technically we see a bearish phase after every 8 years of an uptrend. BSE Sensex witnessed them in 1985, 1992, 2000 and then recently in 2008. We found out that from its highs during each bull phase, Sensex fell down by 55-60%. However it surged by 191% and 703% during the next bull phases from the lows of the 8 year cycle during 1992- 2000 and 2000-2008. The 2000-08 rallies were one of its kind, and if we are going to see the same sort of bull phase in the next cycle then will we see Sensex touching 59,500 by 2016? You never know. But we are certain that the next rally will be unparalleled too. It may be 34,000 or 59,500.
Year
Fall from high
Rise in next boom
High
Low
1992
54.40%
191%
4467.32 as on April 22, 1992
2036.81 as on April 26, 1993
2000
56.20%
702.80%
5933.56 as on Feb 11, 2000
2600.12 as on Sept 21, 2001
59.20%
?
20873.33 as on Jan 08, 2008
8509.56 as on Oct 27, 2008
2008
Now let us take the stock of our portfolios. Who has lost what? We have carried out a detailed analysis about the indices including sectoral indices and stocks they are comprised of. We found out that realty and metal stocks are the biggest losers with 70 and 81% respectively since January 18, 2008. Sensex and Nifty lost 48% in comparison BSE mid and small cap that lost 64-68%. Sectors that could weather the storm included FMCG, Health Care and IT with 14-30% losses since January level. In last one month sectors that have suffered the most were metal, energy and auto. Sectors that could buck the falling trend included FMCG, IT, bankex and technology in the same period. During previous week, however the most beaten down stocks recoiled. Sectors that made good come back during the previous week were realty (9.4% up) and power (5.4% up). Since January, sector wise stocks that annihilated by over 60% are as follows: Sensex: Auto: Bankex: CD: CG:
Deepak Tiwari Research Analyst
[email protected] T: + 91 22 4063 3032
Nov 10, 2008
FMCG: HC: IT: Metal: Oil & Gas: Power: PSU: Realty: Media & Tech:
JP, Tata Motors, Tata Steel, Rel Infra, Sterlite, DLF, Grasim, RCom, ICICI Bank and Hindaco Amtek, Tata Motors, Bharat Forge, Escort, MRF, and Ashok Leyland Yes Bank, ICICI Bank, Karnataka Bank, Kotak Bank and Indusind Bank BPL, Videocon, Rajesh Exports, Gitanjali Gems and Blue Star Gammon Infra, Walchandnagar, Elecon, Suzlon, RIIL, Bharat Bijlee, Jyoti Struct, Kalpataru Power, BEML, Havells, Usha Martin, Alstom Projects, Siemens, Praj, Bharat Elect, ABB and Punj Industries Pantaloon Wockhardt, Aurobindo, Opto Circuits, Bilcare and Sun Pharma NIIT, Aptech, Financial Tech, Moser Baer and Tech Mahindra Jai Corp, Ispat, Welspun Gujarat, Jindal Steel & Power, JSW Steel, Gujarat NRE, SAIL, NMDC, Nalco Aban, RNRL and Essar Oil GVK Power, Lanco Infratech, Neyveli, GMR and Torrent Power STC, Hind Copper, RCF, Dredging Corp, Central Bank, Bank of Maharashtra, Chennai Petro and Vijaya Bank Except Akruti all stocks annihilated by over 72% IOL Netcom, Adlabs, Teledata, HFCL, Dish TV, Deccan Chr, NDTV, Balaji Tele, Hexaware, Tanla Solutions, UTV Software, HT Media and Jagaran Prakashan,
For Private Circulation only
1
The fall in the indices and stocks constituting them (in the order of maximum loss since Jan. ‘08) Indices and BSE sectoral indices % Change
Current levels
Since January
Last one month
Last one week
Realty
2342.82
-80.5%
-17.6%
9.4%
Metal
5152.33
-70.1%
-28.5%
-8.4%
3900.1
-67.9%
-17.0%
-0.7%
CD
2094.87
-64.2%
-12.0%
-0.5%
Midcap
3355.38
-62.3%
-16.3%
0.0%
Power
1777.57
-58.7%
-12.6%
5.4%
CG
7635.41
-58.4%
-13.2%
0.6%
Oil & Gas
6013.57
-52.3%
-22.9%
-8.1%
Bankex
Smallcap
5532.15
-51.4%
-4.2%
2.7%
PSU
4965.8
-48.6%
-14.3%
2.5%
Auto
2661.53
-48.3%
-22.7%
-3.1%
Nifty
2973
-47.9%
-15.4%
-2.3%
Sensex
9964.29
-47.6%
-12.0%
-3.6%
Technology
2085.84
-40.0%
-7.9%
-6.0%
IT
2670.54
-29.5%
-1.1%
-7.1%
HC
2937.11
-27.0%
-12.2%
2.8%
1968.7
-14.5%
1.1%
5.2%
FMCG 20.0%
%age change 10.0%
0.0%
-10.0%
-20.0%
-30.0%
-40.0%
-50.0%
-60.0%
-70.0% Since January
Last one month
Last one week
-80.0%
Nov 10, 2008
For Private Circulation only
Technology
Realty
PSU
Power
Oil & Gas
Metal
IT
HC
FMCG
CG
CD
Bankex
Auto
Smallcap
Midcap
Nifty
Sensex
-90.0%
2
Stocks constituting the BSE indices Sensex %age Change Jaiprakash Associates Ltd.
Current levels
Since January
Last one month
Last one week
87.7
-79.1%
-3.6%
7.7%
Tata Motors Ltd.
158.9
-76.8%
-47.0%
-16.8%
Tata Steel Ltd.
190.1
-75.7%
-43.8%
-15.6%
Reliance Infrastructure Ltd.
560.9
-73.6%
-12.1%
4.8%
246.15
-72.1%
-15.9%
-16.5%
280.9
-72.1%
-9.0%
11.0%
1043.15
-68.8%
-33.8%
-5.3%
Reliance Communications Ltd.
228.15
-67.5%
-24.1%
-1.9%
I C I C I Bank Ltd.
431.25
-65.4%
-4.9%
0.1%
Hindalco Industries Ltd.
60.45
-64.0%
-33.4%
-4.8%
Reliance Industries Ltd.
1217.85
-56.5%
-26.2%
-15.3%
Larsen & Toubro Ltd.
870.95
-55.7%
-9.9%
-2.4%
Mahindra & Mahindra Ltd.
372.25
-48.9%
-22.7%
-3.1%
Tata Power Co. Ltd.
737.35
-48.6%
-8.4%
6.4%
478.7
-44.6%
-16.1%
-6.4%
1249.25
-44.1%
-5.5%
0.7%
218.4
-43.5%
-21.8%
14.7%
Wipro Ltd.
260.45
-42.8%
-7.8%
-5.7%
Tata Consultancy Services Ltd.
524.55
-42.0%
-4.0%
-4.4%
Housing Development Finance Corpn. Ltd.
1700.5
-39.7%
-10.0%
-10.1%
Bharat Heavy Electricals Ltd.
1405.1
-39.0%
-4.2%
4.8%
Oil & Natural Gas Corpn. Ltd.
741.6
-38.7%
-23.0%
4.3%
N T P C Ltd.
151.2
-36.9%
-13.7%
0.0%
1088.55
-30.9%
-1.5%
1.7%
597.65
-28.9%
-13.2%
-0.7%
650
-25.6%
-11.3%
-5.5%
277.75
-25.5%
4.9%
-7.4%
Sterlite Industries (India) Ltd. D L F Ltd. Grasim Industries Ltd.
A C C Ltd. State Bank Of India Ranbaxy Laboratories Ltd.
H D F C Bank Ltd. Maruti Suzuki India Ltd. Bharti Airtel Ltd. Satyam Computer Services Ltd. I T C Ltd. Infosys Technologies Ltd. Hindustan Unilever Ltd.
174.8
-17.8%
5.6%
10.2%
1262.5
-13.8%
0.6%
-8.4%
249.3
16.4%
4.7%
4.8%
Source: Prowess, Artha Money Research
Nov 10, 2008
For Private Circulation only
3
Auto %age Change
Current levels
Since January
Last one month
Last one week
Amtek Auto Ltd.
70.2
-81.5%
-50.5%
-3.0%
Tata Motors Ltd.
158.9
-76.8%
-47.0%
-16.8%
Bharat Forge Ltd.
101.6
-70.7%
-38.6%
-2.1%
Escorts Ltd.
39.55
-70.0%
-16.5%
2.9%
M R F Ltd.
2022
-67.0%
-20.7%
-4.8%
Ashok Leyland Ltd.
16.7
-63.5%
-31.4%
-19.5%
25.75
-51.0%
-24.0%
5.3%
372.25
-48.9%
-22.7%
-3.1%
49.8
-36.2%
-13.8%
3.6%
Cummins India Ltd.
226.95
-34.0%
-17.2%
7.1%
Maruti Suzuki India Ltd.
597.65
-28.9%
-13.2%
-0.7%
3447.95
-24.7%
-2.4%
5.2%
Hero Honda Motors Ltd.
753.7
9.0%
-13.9%
3.9%
Bajaj Auto Ltd.
411.3
NA
-24.2%
-17.5%
Apollo Tyres Ltd. Mahindra & Mahindra Ltd. Exide Industries Ltd.
Bosch Ltd.
Source: Prowess, Artha Money Research
Bankex %age Change Yes Bank Ltd. I C I C I Bank Ltd.
Current levels
Since January
82.1
-66.9%
Last one month
Last one week
-8.6%
5.7%
431.25
-65.4%
-4.9%
0.1%
Karnataka Bank Ltd.
91.15
-64.3%
-14.4%
8.0%
Kotak Mahindra Bank Ltd.
411.5
-63.6%
-9.3%
11.3%
Indusind Bank Ltd.
44.7
-60.9%
-7.5%
5.4%
Allahabad Bank
53.9
-57.1%
-9.7%
4.7%
147.3
-56.1%
-20.0%
5.3%
65.1
-56.0%
-6.1%
4.7%
Indian Overseas Bank
83.95
-54.0%
-1.8%
6.9%
Oriental Bank Of Commerce
148.5
-48.6%
-4.9%
13.9%
581
-47.8%
-9.7%
-3.5%
1249.25
-44.1%
-5.5%
0.7%
193.2
-39.2%
16.0%
15.3%
292.65
-33.1%
3.4%
17.9%
271.7
-33.1%
0.4%
9.8%
1088.55
-30.9%
-1.5%
1.7%
155.35
-23.1%
7.1%
14.0%
496.3
-22.1%
1.4%
9.7%
Federal Bank Ltd. I D B I Bank Ltd.
Axis Bank Ltd. State Bank Of India Canara Bank Bank Of Baroda Bank Of India H D F C Bank Ltd. Union Bank Of India Punjab National Bank Source: Prowess, Artha Money Research
Nov 10, 2008
For Private Circulation only
4
Consumer Durables %age Change B P L Ltd.
Current levels
Since January
Last one month
Last one week
20.05
-85.3%
-15.4%
2.6%
126.75
-78.8%
-20.8%
0.8%
Rajesh Exports Ltd.
30.5
-78.4%
28.7%
22.2%
Gitanjali Gems Ltd.
91.4
-75.2%
-33.9%
11.9%
Blue Star Ltd.
193
-60.2%
-23.8%
3.0%
916.9
-34.1%
2.9%
-7.5%
Videocon Industries Ltd.
Titan Industries Ltd. Source: Prowess, Artha Money Research
Capital Goods %age Change Gammon India Ltd. Walchandnagar Industries Ltd. Elecon Engineering Co. Ltd. Suzlon Energy Ltd. Reliance Industrial Infrastructure Ltd.
Current levels
Since January
Last one month
Last one week
84.95
-86.1%
-26.8%
7.2%
113.95
-85.7%
-31.4%
-8.0%
47.25
-83.2%
-30.4%
16.7%
70.7
-81.4%
-37.8%
53.9%
428.6
-81.1%
-1.9%
2.4%
740.55
-78.4%
-13.0%
-4.1%
63.1
-76.6%
-18.8%
6.2%
695.45
-76.1%
-7.6%
10.1%
Kalpataru Power Transmission Ltd.
419.3
-74.2%
-40.3%
-7.3%
B E M L Ltd.
418.5
-73.8%
-25.3%
-5.7%
170.05
-73.8%
-30.4%
-6.7%
32.3
-72.7%
-33.0%
-13.9%
Bharat Bijlee Ltd. Jyoti Structures Ltd. Lakshmi Machine Works Ltd.
Havells India Ltd. Usha Martin Ltd. Alstom Projects India Ltd.
258.55
-71.1%
-16.0%
5.0%
Siemens Ltd.
295.6
-69.7%
-9.8%
3.5%
Praj Industries Ltd.
72.15
-63.8%
-18.2%
1.5%
662.05
-63.7%
-17.5%
4.1%
497.2
-63.5%
-28.0%
-11.4%
199
-60.3%
-15.8%
2.3%
S K F India Ltd.
163.35
-59.3%
-4.8%
-4.6%
Thermax Ltd.
314.75
-57.0%
-9.8%
-3.9%
Bharat Electronics Ltd. A B B Ltd. Punj Lloyd Ltd.
Areva T & D India Ltd. Larsen & Toubro Ltd. Crompton Greaves Ltd. A I A Engineering Ltd. Everest Kanto Cylinder Ltd. Bharat Heavy Electricals Ltd.
178
-55.9%
-24.1%
-8.9%
870.95
-55.7%
-9.9%
-2.4%
168.8
-53.2%
-19.1%
0.2%
153.25
-50.0%
-27.6%
-9.3%
182.3
-43.4%
-20.0%
-5.4%
1405.1
-39.0%
-4.2%
4.8%
Source: Prowess, Artha Money Research
Nov 10, 2008
For Private Circulation only
5
FMCG %age Change Pantaloon Retail (India) Ltd.
Current levels
Since January
Last one month
Last one week
237.5
-64.5%
13.4%
14.4%
60
-57.7%
0.1%
-1.2%
90.5
-57.5%
-14.3%
0.2%
802.85
-56.5%
-14.5%
-13.2%
514.2
-33.8%
-17.0%
-2.3%
Britannia Industries Ltd.
1147
-26.0%
-8.9%
-2.6%
Dabur India Ltd.
85.85
-24.3%
-1.0%
3.5%
50.2
-23.1%
-8.2%
1.0%
764.65
-22.6%
8.3%
0.3%
Colgate-Palmolive (India) Ltd.
374.1
-18.4%
1.0%
-3.4%
I T C Ltd.
174.8
-17.8%
5.6%
10.2%
Glaxosmithkline Consumer Healthcare Ltd.
556.95
-17.1%
-4.8%
-7.2%
Godrej Consumer Products Ltd.
108.65
-10.7%
0.9%
7.1%
Radico Khaitan Ltd. Nirma Ltd. United Spirits Ltd. Tata Tea Ltd.
Marico Ltd. Gillette India Ltd.
Procter & Gamble Hygiene & Health Care Ltd.
737.1
-2.9%
6.1%
-2.4%
Hindustan Unilever Ltd.
249.3
16.4%
4.7%
4.8%
Source: Prowess, Artha Money Research
Nov 10, 2008
For Private Circulation only
6
Health Care %age Change Wockhardt Ltd. Aurobindo Pharma Ltd. Opto Circuits (India) Ltd.
Current levels
Since January
Last one month
Last one week
103.1
-74.7%
-32.7%
-4.3%
113.15
-72.4%
-46.4%
-13.0%
94.9
-66.1%
-13.9%
-0.8%
450.1
-64.0%
-11.1%
-5.4%
Sun Pharma Advanced Research Co. Ltd.
48.9
-61.8%
-32.2%
-5.4%
Orchid Chemicals & Pharmaceuticals Ltd.
119.75
-59.1%
-37.5%
10.9%
Matrix Laboratories Ltd.
87.85
-58.7%
-15.7%
13.6%
Dishman Pharmaceuticals & Chemicals Ltd.
139.6
-57.7%
-42.8%
7.1%
119.75
-53.8%
-12.9%
18.3%
397.4
-44.0%
-23.1%
1.5%
306.15
-43.7%
-14.2%
-0.9%
Ranbaxy Laboratories Ltd.
218.4
-43.5%
-21.8%
14.7%
Dr. Reddy'S Laboratories Ltd.
407.4
-39.6%
-11.8%
1.0%
215
-34.9%
-22.4%
-11.6%
500.8
-29.0%
-8.4%
2.9%
Divi'S Laboratories Ltd.
1257.9
-23.0%
8.2%
2.8%
Apollo Hospitals Enterprise Ltd.
402.85
-18.3%
1.0%
-0.7%
Cipla Ltd.
184.35
-8.9%
-11.2%
4.9%
Bilcare Ltd.
Biocon Ltd. Ipca Laboratories Ltd. Glenmark Pharmaceuticals Ltd.
Piramal Healthcare Ltd. Pfizer Ltd.
Cadila Healthcare Ltd. Glaxosmithkline Pharmaceuticals Ltd. Sun Pharmaceutical Inds. Ltd. Sterling Biotech Ltd. Lupin Ltd.
260
-5.8%
-15.1%
-4.2%
1063.7
5.5%
-2.6%
-3.2%
1193
9.6%
-12.7%
7.8%
179.45
11.7%
5.6%
-0.7%
690.7
20.2%
-4.6%
-3.3%
Source: Prowess, Artha Money Research
Information Technology %age Change
Current levels
Since January
Last one month
Last one week
N I I T Ltd.
28.8
-78.1%
-14.9%
-15.5%
Aptech Ltd.
87.8
-72.3%
-13.3%
0.9%
684.1
-71.0%
-10.4%
9.3%
77.2
-69.6%
-24.7%
-1.8%
325.2
-64.1%
-29.6%
-3.4%
595.35
-57.0%
5.4%
-1.0%
165
-52.1%
1.9%
-13.5%
Patni Computer Systems Ltd.
139.05
-46.6%
-13.1%
0.6%
Wipro Ltd.
260.45
-42.8%
-7.8%
-5.7%
Tata Consultancy Services Ltd.
524.55
-42.0%
-4.0%
-4.4%
163.7
-40.0%
4.1%
0.4%
H C L Technologies Ltd.
165.35
-37.8%
-12.6%
-5.2%
Satyam Computer Services Ltd.
277.75
-25.5%
4.9%
-7.4%
Infosys Technologies Ltd.
1262.5
-13.8%
0.6%
-8.4%
Financial Technologies (India) Ltd. Moser Baer India Ltd. Tech Mahindra Ltd. Oracle Financial Services Software Ltd. Rolta India Ltd.
Mphasis Ltd.
Source: Prowess, Artha Money Research
Nov 10, 2008
For Private Circulation only
7
Metal %age Change Jai Corp Ltd.
Current levels
Since January
Last one month
Last one week
158.05
-85.1%
-21.3%
5.4%
Ispat Industries Ltd.
12.35
-79.6%
-17.7%
0.2%
Tata Steel Ltd.
190.1
-75.7%
-43.8%
-15.6%
Welspun-Gujarat Stahl Rohren Ltd.
120.7
-75.6%
-32.6%
-7.3%
Jindal Steel & Power Ltd.
737.6
-74.3%
-22.1%
-8.7%
J S W Steel Ltd.
285.35
-74.0%
-2.5%
-8.5%
Sterlite Industries (India) Ltd.
246.15
-72.1%
-15.9%
-16.5%
Gujarat N R E Coke Ltd.
30.75
-69.0%
11.3%
-6.8%
Hindalco Industries Ltd.
60.45
-64.0%
-33.4%
-4.8%
Steel Authority Of India Ltd.
84.45
-63.9%
-27.3%
-6.3%
N M D C Ltd.
155.9
-62.5%
-17.9%
3.2%
165.75
-62.1%
-55.7%
12.5%
Jindal Saw Ltd.
397.4
-59.2%
-2.9%
-1.2%
Hindustan Zinc Ltd.
315.3
-55.8%
-2.4%
-0.8%
79.9
-50.3%
-17.9%
-4.0%
National Aluminium Co. Ltd.
Sesa Goa Ltd. Source: Prowess, Artha Money Research
Oil & Gas %age Change Aban Offshore Ltd.
Current levels
Since January
Last one month
Last one week
970.15
-77.9%
-10.3%
9.9%
51.7
-74.9%
-13.5%
-3.8%
82.15
-69.7%
-33.6%
-9.5%
Reliance Petroleum Ltd.
85.2
-59.2%
-30.3%
-6.6%
Reliance Industries Ltd.
1217.85
-56.5%
-26.2%
-15.3%
367.35
-39.5%
-0.4%
4.6%
Oil & Natural Gas Corpn. Ltd.
741.6
-38.7%
-23.0%
4.3%
Cairn India Ltd.
143.3
-35.7%
-16.1%
3.2%
G A I L (India) Ltd.
213.9
-32.6%
-13.5%
-3.9%
Hindustan Petroleum Corpn. Ltd.
219.25
-29.5%
2.6%
6.6%
Bharat Petroleum Corpn. Ltd.
332.15
-23.5%
-2.5%
9.6%
Reliance Natural Resources Ltd. Essar Oil Ltd.
Indian Oil Corpn. Ltd.
Source: Prowess, Artha Money Research
Nov 10, 2008
For Private Circulation only
8
Power %age Change Suzlon Energy Ltd.
Current levels
Since January
Last one month
Last one week
70.7
-81.4%
-37.8%
53.9%
G V K Power & Infrastructure Ltd.
18.19
-76.9%
9.9%
51.2%
Reliance Infrastructure Ltd.
560.9
-73.6%
-12.1%
4.8%
168.95
-72.6%
0.1%
22.6%
Neyveli Lignite Corpn. Ltd.
64.45
-69.9%
-14.1%
8.3%
Siemens Ltd.
295.6
-69.7%
-9.8%
3.5%
67.5
-66.9%
-4.9%
29.6%
A B B Ltd.
497.2
-63.5%
-28.0%
-11.4%
Torrent Power Ltd.
75.35
-61.1%
-7.0%
5.5%
Crompton Greaves Ltd.
168.8
-53.2%
-19.1%
0.2%
737.35
-48.6%
-8.4%
6.4%
75.3
-43.4%
-16.4%
4.5%
1405.1
-39.0%
-4.2%
4.8%
N T P C Ltd.
151.2
-36.9%
-13.7%
0.0%
Reliance Power Ltd.
117.2
NA
-14.8%
7.8%
Lanco Infratech Ltd.
G M R Infrastructure Ltd.
Tata Power Co. Ltd. Power Grid Corpn. Of India Ltd. Bharat Heavy Electricals Ltd.
Source: Prowess, Artha Money Research
Nov 10, 2008
For Private Circulation only
9
PSU %age Change State Trading Corpn. Of India Ltd.
Current levels
Since January
Last one month
Last one week
123.75
-78.3%
-21.6%
4.4%
Hindustan Copper Ltd.
100.3
-78.0%
-19.1%
-0.4%
B E M L Ltd.
418.5
-73.8%
-25.3%
-5.7%
Rashtriya Chemicals & Fertilizers Ltd.
32.85
-73.5%
-10.6%
-1.1%
247.85
-73.4%
-34.0%
7.7%
38
-70.8%
-13.8%
-0.7%
Neyveli Lignite Corpn. Ltd.
64.45
-69.9%
-14.1%
8.3%
Bank Of Maharashtra
25.25
-68.6%
-9.2%
-4.5%
Chennai Petroleum Corpn. Ltd.
127.8
-64.7%
-27.9%
-2.5%
Steel Authority Of India Ltd.
84.45
-63.9%
-27.3%
-6.3%
662.05
-63.7%
-17.5%
4.1%
Vijaya Bank
28.25
-63.0%
-19.6%
6.0%
N M D C Ltd.
155.9
-62.5%
-17.9%
3.2%
165.75
-62.1%
-55.7%
12.5%
393.4
-59.4%
-15.8%
-5.1%
Dredging Corpn. Of India Ltd. Central Bank Of India
Bharat Electronics Ltd.
National Aluminium Co. Ltd. Engineers India Ltd. Jammu & Kashmir Bank Ltd.
337.85
-59.2%
-18.2%
-12.2%
Mahanagar Telephone Nigam Ltd.
70.1
-58.8%
-1.1%
1.7%
Dena Bank
32.2
-58.6%
-6.9%
3.4%
Uco Bank
30.1
-57.6%
0.0%
-2.1%
Allahabad Bank
53.9
-57.1%
-9.7%
4.7%
I D B I Bank Ltd.
65.1
-56.0%
-6.1%
4.7%
13655.25
-55.0%
-18.1%
-2.9%
86.1
-54.1%
-0.8%
-0.8%
M M T C Ltd. Shipping Corpn. Of India Ltd. Indian Overseas Bank
83.95
-54.0%
-1.8%
6.9%
Bongaigaon Refinery & Petrochemicals Ltd.
39.1
-53.5%
-9.4%
2.4%
Andhra Bank
50.5
-52.5%
-4.8%
9.3%
110.95
-52.2%
-0.1%
1.5%
Syndicate Bank
54.55
-50.4%
-6.2%
5.5%
Oriental Bank Of Commerce
148.5
-48.6%
-4.9%
13.9%
214.45
-48.0%
-8.0%
1.6%
1249.25
-44.1%
-5.5%
0.7%
Power Finance Corpn. Ltd.
Corporation Bank State Bank Of India Power Grid Corpn. Of India Ltd.
75.3
-43.4%
-16.4%
4.5%
367.35
-39.5%
-0.4%
4.6%
193.2
-39.2%
16.0%
15.3%
Bharat Heavy Electricals Ltd.
1405.1
-39.0%
-4.2%
4.8%
Oil & Natural Gas Corpn. Ltd.
741.6
-38.7%
-23.0%
4.3%
N T P C Ltd.
151.2
-36.9%
-13.7%
0.0%
Indian Bank
136.2
-34.1%
7.8%
-0.5%
292.65
-33.1%
3.4%
17.9%
Bank Of India
271.7
-33.1%
0.4%
9.8%
G A I L (India) Ltd.
213.9
-32.6%
-13.5%
-3.9%
219.25
-29.5%
2.6%
6.6%
Indian Oil Corpn. Ltd. Canara Bank
Bank Of Baroda
Hindustan Petroleum Corpn. Ltd.
Nov 10, 2008
For Private Circulation only
10
Bharat Petroleum Corpn. Ltd.
332.15
-23.5%
-2.5%
9.6%
Union Bank Of India
155.35
-23.1%
7.1%
14.0%
Punjab National Bank
496.3
-22.1%
1.4%
9.7%
Container Corpn. Of India Ltd.
687.7
-11.6%
-13.2%
7.9%
Rural Electrification Corpn. Ltd.
66.4
NA
-5.4%
-1.6%
Source: Prowess, Artha Money Research
Nov 10, 2008
For Private Circulation only
11
Realty %age Change
Current levels
Since January
Last one month
Last one week
Orbit Corporation Ltd.
74.7
-92.1%
-38.3%
5.7%
Unitech Ltd.
50.8
-89.3%
-46.2%
3.7%
Parsvnath Developers Ltd.
47.4
-88.5%
-34.4%
4.8%
105.8
-88.1%
-8.6%
-7.4%
116.95
-87.9%
2.9%
-15.5%
Phoenix Mills Ltd.
58.6
-86.9%
-51.1%
11.5%
Omaxe Ltd.
63.6
-85.0%
-21.6%
4.9%
Ansal Properties & Infrastructure Ltd.
47.2
-84.9%
-34.0%
1.2%
Anant Raj Inds. Ltd.
55.7
-84.4%
-40.9%
14.0%
Peninsula Land Ltd.
25
-80.7%
-25.7%
6.4%
189.4
-76.4%
-26.1%
0.8%
157.15
-76.1%
32.6%
23.7%
D L F Ltd.
280.9
-72.1%
-9.0%
11.0%
Akruti City Ltd.
649.8
-49.7%
-6.3%
-5.6%
Sobha Developers Ltd. Housing Development & Infrastructure Ltd.
Mahindra Lifespace Developers Ltd. Indiabulls Real Estate Ltd.
Source: Prowess, Artha Money Research
Media & Technology %age Change
Current levels
Since January
Last one month
Last one week
I O L Netcom Ltd.
33.65
-92.9%
-41.0%
3.9%
Adlabs Films Ltd.
183.1
-87.3%
-27.7%
-1.0%
Teledata Informatics Ltd.
6.75
-87.0%
-10.4%
-5.5%
Himachal Futuristic Communications Ltd.
7.96
-80.3%
-11.8%
0.4%
Dish T V India Ltd.
16.97
-79.5%
-13.6%
9.0%
Deccan Chronicle Holdings Ltd.
45.25
-78.5%
-33.3%
3.5%
N I I T Ltd.
28.8
-78.1%
-14.9%
-15.5%
New Delhi Television Ltd.
98.1
-78.0%
-32.5%
-6.4%
Balaji Telefilms Ltd.
66.9
-77.7%
-46.0%
-10.0%
Hexaware Technologies Ltd.
20.4
-73.2%
-30.1%
2.0%
Aptech Ltd.
87.8
-72.3%
-13.3%
0.9%
Tanla Solutions Ltd.
93.45
-72.3%
-31.0%
-6.1%
Financial Technologies (India) Ltd.
684.1
-71.0%
-10.4%
9.3%
U T V Software Communications Ltd.
266.4
-70.8%
-61.1%
-40.4%
H T Media Ltd.
69.25
-69.4%
-28.9%
-11.7%
Reliance Communications Ltd.
228.15
-67.5%
-24.1%
-1.9%
Jagran Prakashan Ltd.
50.8
-64.7%
-21.5%
-6.0%
Mahanagar Telephone Nigam Ltd.
70.1
-58.8%
-1.1%
1.7%
Oracle Financial Services Software Ltd.
595.35
-57.0%
5.4%
-1.0%
Sun T V Network Ltd.
158.15
-56.8%
-10.4%
5.9%
Ibn18 Broadcast Ltd.
100.9
-52.0%
6.7%
4.2%
142.15
-50.9%
-19.6%
-6.6%
36.7
-47.3%
4.6%
-5.2%
Zee Entertainment Enterprises Ltd. Zee News Ltd.
Nov 10, 2008
For Private Circulation only
12
Patni Computer Systems Ltd.
139.05
-46.6%
-13.1%
0.6%
Wipro Ltd.
260.45
-42.8%
-7.8%
-5.7%
Tata Consultancy Services Ltd.
524.55
-42.0%
-4.0%
-4.4%
163.7
-40.0%
4.1%
0.4%
165.35
-37.8%
-12.6%
-5.2%
650
-25.6%
-11.3%
-5.5%
Satyam Computer Services Ltd.
277.75
-25.5%
4.9%
-7.4%
Tata Communications Ltd.
491.35
-23.4%
6.5%
-9.4%
198.6
-21.7%
24.9%
1.6%
1262.5
-13.8%
0.6%
-8.4%
Mphasis Ltd. H C L Technologies Ltd. Bharti Airtel Ltd.
G T L Ltd. Infosys Technologies Ltd. Source: Prowess, Artha Money Research
Nov 10, 2008
For Private Circulation only
13
Sensex during 1990-94
Sensex during 1994-2000 7000
5000 6000
4500 4000
5000 3500 4000
3000 2500
3000 2000 2000
1500 1000
1000 500
15-Jul-00 1-Sep-08
15-Nov-00
15-Mar-00 1-May-08
15-Jul-99
15-Nov-99
15-Jul-98
15-Nov-98 15-Mar-99
1-Jan-07
15-Jul-97
15-Nov-97 15-Mar-98
15-Jul-96
15-Nov-96 15-Mar-97
15-Mar-96
15-Jul-95
15-Nov-95
1-May-07
Sensex during 2001-03
15-Mar-95
2-Jan-90 2-Apr-90 2-Jul-90 2-Oct-90 2-Jan-91 2-Apr-91 2-Jul-91 2-Oct-91 2-Jan-92 2-Apr-92 2-Jul-92 2-Oct-92 2-Jan-93 2-Apr-93 2-Jul-93 2-Oct-93 2-Jan-94 2-Apr-94 2-Jul-94 2-Oct-94
15-Nov-94
0
0
Sensex during 2003-08
7000
25000
6000 20000 5000 15000 4000
3000
10000
2000 5000 1000
1-Jan-08
1-Sep-07
1-Sep-06
1-Jan-06
1-May-06
1-Sep-05
1-Jan-05
1-May-05
1-Sep-04
1-May-04
1-Nov-03
1-Jul-03
1-Sep-03
1-May-03
1-Jan-03 1-Mar-03
1-Nov-02
1-Jul-02
1-Sep-02
1-May-02
1-Jan-02 1-Mar-02
1-Nov-01
1-Jul-01
1-Sep-01
1-May-01
1-Jan-01 1-Mar-01
31-Dec-03
0
0
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Nov 10, 2008
For Private Circulation only
14