Stocks trader's favoured the most in 2009: An analysis
Some stocks have had a great run in 2009. They have attracted traders and investors for the year round. CNBC-TV18's Varinder Bansal reports,
These stocks are only punters delight – the way they have moved for the entire year with gains of anywhere between 2,000%. The marketcap of these stocks are well above most of the stocks we talk on the channel.
Kwality Dairy: Biggest winner of 2009?
Kwality Diary, a company with a market cap of Rs 2,000 crore, has gained nearly 2,000% in 2009. Looking at the one-year chart, the stock was at a price of Rs 5.5. It went to as high as Rs 1,360 and then there was a stock spilt from 10 to 1 and now the stock is trading around Rs 100.
On the financials front, FY09 the profit after tax (PAT) of this company was around Rs 10 crore and FY08 the PAT was nearly Rs 4.5 crore. So the company with market cap of Rs 2,000 crore is having a PAT of nearly Rs 10 crore.
The promoter holding in this company is interesting with four promoters and 32 individuals together hold nearly 93.5% stake in the security. The free float in the company is very less and that is why most of the stocks tend to react because of cornered shares in the public. Also, the existing promoters of this company bought this company in 2003 at the price of only Rs 3 crore and now see the way the stock has moved up. The company is only engaged in the diary business.
Gee Kay Finance and Leasing Co: Another trader's delight?
This company has a market cap of nearly Rs 4,000 crore, which is even higher than IndusInd bank or Dena Bank or most of the PSU banks. The stock has gained nearly 1,800% and again in this case we have seen there was a stock split in the month of December and the stock started with a price of nearly Rs 4 and went to as high as Rs 560 and now after the stock split is trading at around Rs 80.
The volumes have been good in this stock. In the last 4 years for this company there is no profit for this company. The PAT of 2009 there was a loss of Rs 29 lakh and 2008 it was a loss of nearly Rs 4 lakh.
Promoter holding will be very interesting because the promoter holding in this company is only 0.5% and there are 26 individuals who hold nearly 90.86% equity in this company. So again you have distorted equity, which is spread only in 26-27 people and the rest 7-8% is with the public.
These are the few cases where you have seen huge gains but this is all punters delight, no fundamentals which are attached to both the shares.
Other outperformers of 2009:
| Company | Dec 31, '08 | 2009 Chg |
| Auro Pharma | Rs 168 | 429% |
| Mcleod Russel | Rs 49 | 427% |
| JSW Holdings | Rs 301 | 427% |
| Hexaware Tech | Rs 21 | 348% |
| Orbit Corp | Rs 62 | 339% |
| Uttam Galva | Rs 27 | 334% |
| Polaris Software | Rs 43 | 326% |
| HOEC | Rs 66 | 312% |
| Havells India | Rs 122 | 309% |
| Jindal Saw | Rs 44 | 307% |
| Deccan Chron | Rs 44 | 247% |
Posts
0 comments:
Post a Comment