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BSE m-cap up Rs 1.09 trillion since July 22
Business Standard Research Bureau in Mumbai |
August 14, 2003 09:11 IST
The 372 points rally in the Sensex in the 16 trading sessions since July 22 has added Rs 1,09,398 crore (Rs 1,093.98 billion) to the market capitalisation of the Bombay Stock Exchange.
Between July 22 and August 13, the BSE's market capitalisation increased 15 per cent from Rs 730,406 crore (Rs 7,304.06 billion) to Rs 839,804 crore (Rs 8,398.04 billion).
However, the Sensex gained only 10.47 per cent from 3,554.13 on July 22 to 3,926.07 on August 13.
The rise in market valuation was spread across the board, with 108 sectors out of 109 tracked by the Business Standard ResearchBureau -- and accounting for 82 per cent of the listed stocks -- gaining in the last 16 trading sessions.
Public sector stocks led the surge in market cap, with an increase of Rs 47,695 crore (Rs 476.95 billion) during the period. The total market capitalisation of PSU stocks increased from Rs 2,26,315 crore (Rs 2,263.15 billion) on July 22 to reach Rs 2,74,011 crore (Rs 2,740.11 billion) on Wednesday.
Three of the top five winning stocks in the market capitalisation league tables are from the PSU sector.
Happy tidings |
Industry | Market Cap (Rs cr) | Company | Market Cap (Rs cr) |
13-Aug | Gain | 13-Aug | Gain |
Refineries | 149764.70 | 30182.56 | ONGC | 79231.80 | 14815.41 |
Steel/composite | 27186.58 | 10206.33 | Indian Oil Corp | 40327.32 | 9678.87 |
Diversified | 64925.97 | 6309.06 | SAIL | 14848.79 | 6918.42 |
Personal care | 47770.36 | 6305.41 | HLL | 38642.07 | 5370.93 |
Auto 2/3 wheelers | 35454.41 | 5972.94 | Reliance Ind | 50485.76 | 3805.11 |
Banks | 83318.34 | 5634.83 | GAIL | 11302.11 | 2287.48 |
Pharmaceutical | 57815.88 | 4490.82 | MRPL | 5590.83 | 2269.63 |
Telecom | 24664.04 | 4134.40 | Tata Steel | 8869.55 | 2002.80 |
Aluminium | 18106.49 | 3063.53 | SBI | 22744.05 | 1992.05 |
IT | 74937.18 | 3017.99 | Nat'l Alum | 8279.38 | 1697.76 |
NBFC | 18509.08 | 2992.81 | MTNL | 7969.50 | 1672.65 |
Cement | 18048.70 | 2465.58 | HDFC | 11468.94 | 1497.01 |
Oil and Natural Gas Corporation was the major gainer, with an increase in market capitalisation from Rs 14,815 crore (Rs 148.15 billion) to Rs 79,232 crore (Rs 792.32 billion) in the same period. The stock touched its life-time high of Rs 560 on Wednesday, and closed at Rs 555.65 on the BSE.
The market capitalisation of Indian Oil Corporation, another refinery major, increased by 32 per cent (Rs 9,679 crore) to Rs 40,327 crore (Rs 403.27 billion) in the last 16 trading sessions. Steel giant Steel Authority of India appreciated 87 per cent (Rs 6,918 crore) to Rs 14,849 crore (Rs 148.49 billion) during the period.
GAIL and State Bank of India are the other PSU stocks among the top ten gainers, with gains of Rs 2,288 crore (Rs22.88 billion) and Rs 1,992 crore (Rs 19.92 billion), respectively, during the period.
Fast moving consumer goods giant Hindustan Lever's market capitalisation increased by Rs 5,371 crore (Rs 53.71 billion) to Rs 38,642 crore (Rs 386.42 billion) and petrochemicals-cum-refinery company Reliance Industries' market value appreciated by Rs 3,805 crore (Rs 38.05 billion) to Rs 50,486 crore (Rs 504.86 billion).
The market capitalisation of Mangalore Refinery and Petrochemicals increased 68 per cent (Rs 2,270 crore) to Rs 5,591 crore (Rs 55.91 billion).
Other sectors such as aluminium, automobiles, refineries, shipping, steel, telecommunication were also the major gainers, with their market value increasing in the range of 20-60 per cent during the period.
The market capitalisation of the composite steel and alloys sector appreciated 60 per cent (Rs 10,206 crore) to Rs 27,187 crore (Rs 271.87 billion), automobiles (two and three-wheelers) by Rs 5,973 crore (Rs 59.73 billion) to Rs 35,454 crore (Rs 354.54 billion), telecommunications by Rs 4,134 crore (Rs 41.34 billion) to Rs 24,664 crore (Rs 246.64 billion) and shipping by Rs 1,330 crore (Rs 13.30 billion) to Rs 4,637 crore or Rs 36.37 billion).