49 smallcap stocks zoom over 1000% since January 2008

Symphony, Caplin Point Lab, DFM Foods, Avanti Feeds and Relaxo Footwear zoom more than 5000%.

The S&P BSE Smallcap index hit a fresh 9-year high of 14,135 on Friday in intra-day trade on the back of healthy gains in constructions, information technology, state-owned banks and paper stocks. The index is 104 points away from its all-time high of 14,239 touched on January 8, 2008.

On closing levels, the index ended at 14,028, surpassing its previous high of 13,975.19 hit on January 7, 2008.

At 10:56 am; the S&P BSE Smallcap index was up 0.74% at 14,131 as compared to 0.40% rise each in the benchmark S&P BSE Sensex and S&P BSE Midcap index.

Total 49 stocks from the smallcap index have seen their market value appreciating by more than 1000% since January 7, 2008. Symphony, Caplin Point Laboratories, DFM Foods, Avanti Feeds and Relaxo Footwear have zoomed over 5000%.

Of these, six companies are from the pharmaceutical sector, followed by auto, chemicals and plastic products (5 each) and consumer durables and finance (4 each).

Symphony and TTK Prestige from the consumer durables, Somany Ceramics, Kajaria Ceramics and Cera Sanitaryware from the ceramic products and La Opala RG, Kwality and Kitex Garments are among others, which have rallied more than 25 times or over 2400% during the period.

Symphony, the world’s largest air cooler company, has seen its market price rose by 404 times to Rs 1,535 from Rs 3.8 (adjusted to stock split & bonus issue) on January 7, 2008.

Net profit of the company has grown at a compound annual growth rate (CAGR) of over 50% over the past 10 years. The company's net profit has grown from Rs 2.20 crore in 2006-2007 (FY07) to Rs 123 crore in 2015-16 (FY16).

The foreign institutional investors (FIIs) increased their stake in Symphony to 7.79% in December 2016 quarter. FIIs held a mere 0.01% holding at the end of December 2007 quarter.

Caplin Point Laboratories rallied 124 times since January 2008 from Rs 3.17 to Rs 392. The pharmaceutical company’s profit rose by nearly 32 times from Rs 1.44 crore in FY07 to Rs 45.76 crore in FY16.

Company	07/01/2008	LTP	% chg
GAINERS
Symphony	3.80	1534.80	40289
Caplin Point Lab	3.17	392.35	12277
DFM Foods	21.50	1744.55	8014
Avanti Feeds	10.79	710.00	6480
Relaxo Footwear	8.14	469.00	5662
Indo Count Inds.	3.86	201.70	5125
La Opala RG	12.01	523.05	4255
Mayur Uniquote	8.68	365.70	4113
Kwality	4.19	158.15	3674
Somany Ceramics	17.96	660.00	3575
LOSERS
Unitech	534.10	5.76	-99
Gammon India	718.75	10.11	-99
IVRCL	277.90	5.10	-98
Moser Baer (I)	328.95	7.03	-98
Guj NRE Coke	98.43	2.41	-98
63 Moons Tech.	2523.25	77.00	-97
Alok Inds.	93.13	2.99	-97
MMTC	2022.65	65.10	-97
Subex	360.80	11.97	-97
3i Infotech	141.55	4.77	-97

Besides, these 49 stocks, total 276 stocks rallied more than 100%, the data shows. There are 778 stocks in the S&P BSE Smallcap index, of which price data of 600 companies for both the points are available.

However, more than one-third or 218 stocks are still trading below their January 2008 levels. Of these, 144 stocks are down more than 50% each.

Unitech, Gammon India, IVRCL, 63 Moons Technologies (formerly Financial Technologies), Punj Lloyd, Suzlon Energy, Aban Offshore and MMTC are among 35 stocks , which down more than 90% each.