The total market valuation of BSE-listed companies touched a new record high of Rs.125.53 lakh crore on Tuesday. Thus far in the calendar year (CY) 2017, the BSE m-cap gained Rs.19.3 lakh crore or 18 per cent from Rs 106.23 lakh crore at the end of CY2016.
The rally in individual stocks has been much sharper, and has been led by a handful of stocks that command a good weightage in the S&P BSE Sensex. Reliance Industries, for instance, has gained nearly 40 per cent during this period and has a weightage of 8.77 per cent in the benchmark index. Similarly, HDFC and HDFC Bank that command a weightage of 8.43 per cent and 10.62 per cent, respectively have moved up 28 per cent and 31 per cent.
Mutual funds continued to be bullish on bank shares, with their allocation to the sector reaching an all-time high of over Rs 1.26 lakh crore at the end of March, reports suggest. By comparison, fund managers' investments in bank shares stood at Rs 80,468 crore at the end of March 31, 2016.
Here are the top gainers and losers of this 4,300-point rally since December 2016 lows:
THE WINNERS…
|
Company |
CMP (Rs) |
% chg since Dec'16 low |
Weightage(%)* | |
Reliance Industries |
1429.45 |
36.5 |
8.77 | |
Larsen &Toubro |
1760.7 |
31.6 |
5.58 | |
HDFC Bank |
1544.95 |
31.5 |
10.62 | |
GAIL (India) |
417.55 |
30.1 |
1.09 | |
Asian Paints |
1115 |
28.6 |
1.7 | |
H D F C |
1565.5 |
28.1 |
8.43 | |
Adani Ports |
332 |
28.0 |
0.91 | |
ITC |
286.3 |
27.2 |
11.7 | |
Maruti Suzuki |
6400 |
23.9 |
2.87 | |
Tata Steel |
462.5 |
21.6 |
1.04 | |
|
|
... & THE LAGGARDS |
| |
Cipla |
547.05 |
-1.2 |
0.96 | |
Tata Motors |
451.25 |
-1.5 |
2.88 | |
Coal India |
279.6 |
-1.9 |
1.25 | |
Lupin |
1374 |
-2.2 |
1.13 | |
O N G C |
181 |
-4.2 |
2.55 | |
Infosys |
920.6 |
-6.3 |
6.38 | |
Dr Reddy's Labs |
2642.45 |
-11.5 |
1.1 | |
* Weightage in S&P BSE Sensex
|
|
Data Compiled by BS Research
 "Sensex at 30,000: 10 baahubali stocks of this rally")