Battered stocks rise 15-99%

The investors who gobbled equity shares when they were being battered on January 22, saw the value of these shares appreciate anywhere between 15 and 99 per cent on account of recovery in the last two days.

The price of 858 stocks appreciated by over 15 per cent from Tuesday’s intra-day low levels on the Bombay Stock Exchange (BSE). Of these, 38 stocks gained more than 50 per cent and 196 stocks appreciated between 30 and 50 per cent.

For instance, Ansal Infrastructure, Lanco Infrastructure, Reliance Natural Resources (RNRL), Edelweiss Capital, Essar Oil and Rajesh Exports gained over 70 per cent from their intra-day lows.

The total market capitalisation of actively-traded stocks on the BSE gained Rs 10,65,021 crore from its intra-day low of Rs 48,27,685 crore to Rs 58,92,706 crore. Price in Rs Jan-22 Low Jan-23 Close % Chg Ansal Infra 146.1 290.8 99 Lanco Infra 285.0 563.5 98 RNRL 75.0 139.5 86 Edelw Cap 620.0 1113.0 80 Essar Oil 105.0 185.0 76 Rajesh Exp 427.2 729.5 71 Bby Rayon 185.0 313.9 70 Adlabs 666.0 1129.6 70 Aptech 139.0 235.0 69 Triveni Engg 81.1 136.0 68

The BSE Sensex bounced back by 14.8 per cent (2,261.65 points) from Tuesday’s intra-day low of 15,332.42 to close at 17,594.07 on Wednesday. The index, which lost 5,874.35 points from its all-time high of 21,206.77, has retraced 39 per cent of its total losses.

The NSE Nifty recovered 17 per cent from Tuesday’s low, while the BSE mid-cap index bounced back by 19 per cent and the small-cap index by 9 per cent.

The market price of Ansal Infrastructure has almost doubled, appreciating by 99 per cent from the intra-day low of Rs 146.05 on January 22 to close at Rs 290.75 on Wednesday. Lanco Infrastructure gained 98 per cent to touch Rs 563.45 (Rs 285), followed by RNRL (86 per cent to Rs 139.45) and Edelweiss Capital (80 per cent to Rs 1,112.95).

The BSE Realty index, Metal index, Oil & Gas index and Power index gained more than 21 per cent each from their lows, while the Capital goods, Bankex, Auto and Consumer goods index appreciated between 15 and 18 per cent.

The power sector was the largest gainer in percentage terms as it bounced back by 37 per cent. This was followed by media, entertainment and broking companies (35 per cent each), steel and retailing (34 per cent each) and sugar and construction (30 per cent each).

The market capitalisation of banking and refineries sectors recovered by over Rs 100,000 crore each, that of information technology, oil exploration and non-banking finance companies rose between Rs 35,000 crore and Rs 70,000 crore on Wednesday.