Closely correlated to the bourses - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Closely correlated to the bourses

Nov 29, 2000

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

Companies covered10496787038
Average offer price (Rs) 62 68 84 92146
Average Current price (Rs) 76 79 142 147288
Average rate of return (%)23.1%16.2%69.7%59.2%97.3%
Ratio of gainers to losers0.960.87 2.04 1.841.92

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 NameOffer Period Offer Price
Price (Rs)
Gain or
The Toppers
Vantel TechnologiesApr-00 10 82 725%
Kashyap Radiant SystemsAug-99 10 54 440%
Sankhya InfotechMar-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 MultimediaJul-00 10 36 257%
Sagarsoft IndiaMay-00 20 63 215%
Hughes Software Systems* Oct-99 315 989 214%
Subex SystemsJul-99 75 232 210%
S Nov-99 10 31 207%
Pentagon Global Solutions Feb-00 12 36 198%
Lanco GlobalJul-00 10 28 180%
Indus NetworksJan-00 20 56 179%
Logix MicrosystemsOct-99 20 50 149%
The Laggards
Geometric Software Solutions Feb-00 300 163 -46%
Irmac ServicesMay-00 30 15 -49%
Biopac IndiaApr-00 10 5 -51%
Ajanta Pharma Feb-00 225 110 -51%
Sibar Media and EntertainmentJul-00 10 5 -52%
Telesys Software Feb-00 15 7 -52%
PNB GiltsJul-00 30 14 -55%
KCC SoftwareApr-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 SoftwareApr-00 20 7 -64%
Softpro Systems Mar-00 85 28 -68%
Vintage Cards and Creations Oct-99 225 70 -69%
Omni Ax SoftwareApr-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

India: Recovery Stalled by Vaccine Games? (The Honest Truth)

Apr 13, 2021

Ajit Dayal on how India's vaccine strategy will impact the markets.

A Stock with 700% Return Potential Comes with Additional Payoffs (Profit Hunter)

Apr 15, 2021

Narayana Murthy was one of the first unicorn founders to get the backing of this entity...

11x Bankruptcy to Bluechip Stock: A Rare India Revival Story (Profit Hunter)

Apr 16, 2021

There is no stopping this 11-bagger stock from significant upside.

Top 3 Nifty ETFs to Buy Now (Fast Profits Daily)

Apr 20, 2021

In this video I tell you the three Nifty ETFs I think are the best.

Why Did the Market Crash on Monday? (Fast Profits Daily)

Apr 13, 2021

In this video, I'll you what I think is the real reason behind yesterday's market crash.


India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms


Apr 20, 2021 (Close)