Dalal Street may have lost about Rs 4,00,000 crore in market value in the past 15 trading days, but investors in over one-third of the listed companies gained roughly Rs 60,000 crore during this period.
The stock market’s benchmark Sensex has lost more than 1,000 points since July 27, 2007, the day when concerns related to the US subprime crisis spread to the Indian bourses.
The total investor wealth measured in terms of market value of all the listed companies has plunged to near Rs 42,00,000 crore from more than Rs 46,00,000 crore on July 26, 2007. However, as many as 964 companies, nearly 35 per cent of close to 2,760 actively traded stocks on the bourses, have seen their market value growing during this period.
Gainers
Interestingly, most stocks that gave positive return to shareholders are from the small-cap and mid-cap universe. However, a few big names like National Mineral Development Corp, MMTC, Axis Bank, Ambuja Cement, Hindustan Copper, IFCI, United Phosphorus and IDBI also figure in the list. The cumulative market cap of all 964 firms rose to over Rs 3,81,000 crore from about Rs 3,24,000 crore before July 27, 2007.