Seven of top-10 Indian firms lose Rs 69k cr in M-cap last week

Aug 28

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Seven of the country’s top-10 firms lost a total of over Rs 69,000 crore from their market capitalisation,

Reliance Industries Ltd (RIL) saw its valuation dipping by Rs 29,157.16 crore

RIL is followed by state-run oil firm ONGC that lost Rs 13,603.22 crore

Trading firm MMTC lost over Rs 7,000 crore

The country’s largest public sector lender SBI saw an value erosion of Rs 6,882.1 crore.

State-run mining giant NMDC lost Rs 6,085.81 crore from its market valuation

Infosys Technologies moved up to the seventh slot after adding Rs 3,818.31 crore,

Bharti Airtel fell to the eighth spot after losing Rs 702.42 crore from its market capitalisation.

India’s largest software exporter TCS inched up to the ninth position after adding Rs 6,360.9 crore,

BHEL skid to last spot in the list, after losing Rs 5,700.46 crore from its market cap.

Nine Recently listed stocks trade below issue price

Aug 15

adminMARKET, NIFTY, SENSEX, Stocks No Comments

The primary market has been seeing renewed interest for the past few weeks. This upturn comes after a drought of nearly 3-4 months. In 2009, 16 companies came out with initial public offerings (IPO). Out of which, 14 companies listed on the exchanges. Shares of nine companies were trading below their issue prices while five were above the issue prices, according the closing prices as on October 31, 2009. Edserv Soft jumped over 200% and Thinksoft shot up over 81%. However, Rishabhdev Tech and Raj Oil Mills fell the maximum over 40%. Three power stocks also slipped below issue price. Out of which, Indiabulls Power listed today and closed below its issue price of Rs 45 on first day.

Equity Issue Price Current Price %Gain/Loss
EuroMult 75 31.65 -57.8
Raj Oil Mills 120 62.35 -48.04
Rishabhdev Tech 33 19.55 -40.76
Globus Spirits 100 78.3 -21.7
Excel Infoways 85 70.95 -16.53
NHPC 36 30.5 -15.28
IndiaBPower 45 39.25 -12.78
Pipavav 58 53 -8.62
Adani Power 100 97.8 -2.2
Oil India 1050 1113.7 6.07
Jindal Cotex 75 82.05 9.4
Mahindra Holiday 300 342.2 14.07
Thinksoft 125 226.7 81.36
Edserv Softsyst 60 189.7 216.17