Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.

Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Closely correlated to the bourses - Views on News from Equitymaster
  • E-MAIL
  • A  A  A
  • Nov 29, 2000

    Closely correlated to the bourses

    Tables have turned. The overall returns for IPOs have improved compared to our previous study (Sep-00). The reason could be attributed to the fact that BSE Sensex moved up from 3,729 points on 27th October 2000 to 3,929 as of 27th November 2000, a gain of 5.3%. Besides, there was some positive news about disinvestments, which triggered sentiment on the bourses. As a result, overall returns have also improved.

    This months we have increased the number of companies under coverage from 96 to 104. Most of them are media scrips that got listed on the bourses that includes Balaji Telefilms, Tips Industries, Tabassum International. Other companies included in the list are Aztech Software and MRO-TEK Ltd

    Particulars Nov-00 Oct-00 Sep-00 Aug-00 Jul-00
    Companies covered 104 96 78 70 38
    Average offer price (Rs) 62 68 84 92 146
    Average Current price (Rs) 76 79 142 147 288
    Average rate of return (%) 23.1% 16.2% 69.7% 59.2% 97.3%
    Ratio of gainers to losers 0.96 0.87 2.04 1.84 1.92

    Vantel Technologies continues to head our list of top gainers for the third consecutive month. Against the offer price of Rs 10, the share is quoting at Rs 85, a premium od 750%. Polaris Software has made it into the top five list (the issue price is adjusted for stock split). Except for these, there are no major changes in the gainers list.

    Except for Glenmark Pharmaceuticals, other pharma companies like Ajanta Pharma and Elder Pharmaceuticals are big losers. We saw a slew of media companies public issues in the last two months including Tabassum, Tips, Muktha Arts and Balaji Telefilms. Leaving Tabassum International, all other media companies are trading at a reasonable premium to their offer price. Geometric Software Solutions is the surprise in the top losers list.

    Company Name Offer Period Offer Price
    Price (Rs)
    Gain or
    The Toppers
    Vantel Technologies Apr-00 10 82 725%
    Kashyap Radiant Systems Aug-99 10 54 440%
    Sankhya Infotech Mar-00 10 51 409%
    Polaris Software* Aug-99 105 520 395%
    Cybermate Infotec Feb-99 10 46 362%
    Fortune Informatics Sep-99 10 43 326%
    Cyberscape Multimedia Jul-00 10 36 257%
    Sagarsoft India May-00 20 63 215%
    Hughes Software Systems* Oct-99 315 989 214%
    Subex Systems Jul-99 75 232 210%
    S Kumars.com Nov-99 10 31 207%
    Pentagon Global Solutions Feb-00 12 36 198%
    Lanco Global Jul-00 10 28 180%
    Indus Networks Jan-00 20 56 179%
    Logix Microsystems Oct-99 20 50 149%
    The Laggards
    Geometric Software Solutions Feb-00 300 163 -46%
    Irmac Services May-00 30 15 -49%
    Biopac India Apr-00 10 5 -51%
    Ajanta Pharma Feb-00 225 110 -51%
    Sibar Media and Entertainment Jul-00 10 5 -52%
    Telesys Software Feb-00 15 7 -52%
    PNB Gilts Jul-00 30 14 -55%
    KCC Software Apr-00 10 5 -55%
    Elder Pharmaceuticals Feb-00 110 47 -57%
    Helios & Matheson Information Technology Nov-99 50 21 -58%
    Fore C Software Mar-00 16 6 -63%
    Archana Software Apr-00 20 7 -64%
    Softpro Systems Mar-00 85 28 -68%
    Vintage Cards and Creations Oct-99 225 70 -69%
    Omni Ax Software Apr-00 15 5 -70%
    Simple Average 62 76 23.1%

    * Stock-split adjusted
    * Prices as on 28/11/2000

    The overall returns continue to remain in positive territory (23%). However, the proportion of gainers to losers has improved from 0.86 to 0.96, which means that for one loser there are just 0.96 gainers. This is because , out of the 8 companies added to the list, 6 companies are trading at a premium to their offer price.



    Equitymaster requests your view! Post a comment on "Closely correlated to the bourses". Click here!


    More Views on News

    Sorry! There are no related views on news for this company/sector.

    Most Popular

    This Small Cap Can Drive Chinese Players Out of India (and Make a Fortune in the Process)(The 5 Minute Wrapup)

    Aug 17, 2017

    A small-cap Indian company with high-return potential and blue-chip-like stability is set to supplant the Chinese players in this niche segment.

    The Most Important Innovation in Finance Since Gold Coins(Vivek Kaul's Diary)

    Aug 10, 2017

    Bill connects the dots...between money and growth, real money and real resources, gold and cryptocurrencies...and between gold, cryptocurrencies, and time.

    Signs of Life in the India VIX(Daily Profit Hunter)

    Aug 12, 2017

    The India VIX is up 36% in the last week. Fear has gone up but is still low by historical standards.

    Bitcoin Continues Stellar Rise(Chart Of The Day)

    Aug 10, 2017

    Bitcoin hits an all-time high, is there more upside left?

    5 Steps To Become Financially Independent(Outside View)

    Aug 16, 2017

    Ensure your financial Independence, and pledge to start the journey towards financial freedom today!

    Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
    Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

    LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

    SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

    Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
    Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407

    Become A Smarter Investor In
    Just 5 Minutes

    Multibagger Stocks Guide 2017
    Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
    We will never sell or rent your email id.
    Please read our Terms


    Aug 23, 2017 10:33 AM