269 non-A Group stocks gain over 100% since March

18 out of 300 stocks from the BSE 'A' group have seen their market value appreciation of over 100% during the period.

Shares of small-sized companies, mostly non-A Group stocks, are on a roll with one out of eight stocks from these categories seeing their market value more-than-doubled on the Bombay Stock Exchange (BSE) since their Budget Day's closing values.

As many as 269 stocks out of 2,127 stocks in the BSE non-A group category have surged more than 100% each since March. Of these, 57 stocks zoomed between 200% and 700% during the period till Wednesday.

A combined market capitalization of 269 stocks appreciate by Rs 121,626 crore or 150% to Rs 202,648 crore from Rs 64,131 crore as on February 29, 2016.

Chemicals (35 stocks), financial mainly non-banking finance companies or NBFCs (27 stocks) and textiles (23 stocks) sectors are on top of the list, with more than 20 stocks from each sector, have seen their market value doubling. Total 14 stocks each from sugar and steel sectors, followed by information technology (11), auto ancillaries and pharmaceuticals (9 each) and cement (8).

The improved financial performance and strong inflows from the overseas investor led the rally in equity markets.

Data released by NSDL showed that Foreign Portfolio Investors (FPI) / Foreign Institutional Investors (FII) have made net inflow of Rs 70,075 crore in equities between March and October 5, 2016. The domestic mutual funds have made net investments of Rs 3,413 crore during the period.

The S&P BSE Sensex was up 23%, while S&P BSE Midcap and S&P BSE Smallcap index were up 42% and 39% respectively, in post Budget rally.

Total 258 companies results for the trailing two quarters (January to March and April to June) are available had posted a combined net profit of Rs 5,212 crore in past trailing six months ended June 2016 against a net loss of Rs 462 crore during the same period previous year.

Thirty-five chemicals companies had posted almost double combined net profit of Rs 1,230 crore in January-June 2016 period as compared to Rs 638 crore in the same period in 2015.

Bhageria Industries, Sudarshan Chemicals, Thirumalai Chemicals, Kiri Industries and Chemfab Alkalis have seen price appreciation by more than four-fold.

OCL India, Birla Corporation, Dalmia Bharat and HeidelbergCement India posted an over 100% year-on-year jump in their net profit in last trailing six months.

Dalmia Bharat said it expect cement demand to gain momentum supported by good monsoons, implementation of seventh pay commission and focused thrust by Government on infrastructure development & housing.

Upper Ganges Sugar Industries, Ugar Sugar Works, Mawana Sugars, Dharani Sugars, Oudh Sugar Mills, Rana Sugars and KM Sugar Mills from the sugar sector, have seen their price appreciation by more than three-fold. Fourteen sugar companies reported an aggregate net profit of Rs 821 crore against net loss of Rs 479 crore in previous year.

Meanwhile, 18 out of 300 stocks from the BSE ‘A’ group have seen their market value appreciation of more than 100% during the period. Of which, Delta Corp, Escorts and Manappuram Finance rallied between 200% and 260%, while of Edelweiss Financial Services, Vedanta and Indian Bank gained in the range of 150% - 200%.

Company	29/02/2016	05/10/2016	% chg
Prime Securities	3.90	30.45	680.8
Upper Gang. Sug.	57.00	407.40	614.7
Bhageria Indust.	100.00	676.40	576.4
Medicamen Biotec	42.75	254.15	494.5
Prakash Constro.	3.44	19.30	461.0
SVP Global	32.00	166.50	420.3
Sudarshan Chem.	79.50	388.65	388.9
Thirumalai Chem.	131.20	636.25	384.9
Tata Metaliks	86.50	418.30	383.6
Axtel Industries	13.05	63.10	383.5
Price on BSE in Rs
Source: CapitalinePlus