152 Stocks Log 100% Gain In 2 Mths

Investors who bought stocks immediately after the collapse of the twin towers of the World Trade Center on September 11 are thanking their stars.

Of the 1,000 stocks relegated to their 52-week lows between September 11 and October 31, 2001, as many as 152 stocks have appreciated by over 100 per cent.

Investors are believed to have made large purchases in these 152 stocks, as the volume of trading on the BSE and NSE improved substantially.

Among the 152 stocks, the information, communication and entertainment shares were in great demand.

Stocks of the automobile, pharmaceuticals and cement sector were also in demand. Himachal Futuristic Communication topped the gainers list with 232 per cent rise in less than two months.

HFCL rose to Rs 82.75 from a of low Rs 24.90 recorded on September 18. The volume on BSE and NSE shot up from a daily average of 18 lakh shares in the third week of September to 59 lakh shares in second week of November.

Trigyn Technologies gained 176 per cent to close at Rs 56.50 on November 15. The scrip had touched a 52-week low of Rs 20.65 on October 8.

Stocks of software education giant NIIT, which had declined to a five-year low of Rs 85.55 on September 21, shot up by 154.8 per cent to close at Rs 218.

The scrip also witnessed a jump in volume, which spurted from a weekly aggregate of 55 lakh shares in September to 250-300 lakh shares in the third week of October 2001.

Among group A shares, Sonata Software, Pentamedia Graphics, Polaris Software, SSI, GTL, Rolta, Silverline Technologies and TVS Motors gained over 100 per cent after declining to their 52-week lows during September-October.

Side counters in B1 group have been the biggest gainers. South East Asia, which was available at Rs 18.25 on September 18, gained 356.44 per cent to close at Rs 83.30 on November 15.

Aftek Infosys shot up by 158 per cent to Rs 189.35 from its 52-week low of Rs 73.50 on September 18, while Mphasis BFL gained 145 per cent at Rs 172.70.