In the first 10 months of CY07, Indian firms received orders worth Rs 128,147 crore.
Till 15 days ago, only two PSUs - Oil and Natural Gas Corporation (ONGC) and National Thermal Power Corporation (NTPC) - ranked amongst the five most valuable companies. But with two more PSUs, Mineral and Metals Trading Corporation (MMTC) and National Mineral Development Corporation (NMDC), seeing sustained rise in the last three months, the number has risen to four.
Larsen and Toubro (L&T), ICICI Bank and Reliance Industries (RIL) were the top-three stocks that accounted for over 60 per cent of the 991-point gain in the Sensex between October 15 (Sensex at 19,057) and October 29 (Sensex at 19,978). Larsen and Toubro, which was the top gainer among the Sensex stocks, was also the largest contributor, adding 336.09 points to the Sensex's total gains.
The BSE Sensex has recovered 60 per cent of the last week's loss in just two trading days. The benchmark index recovered by 935 points (+56 points yesterday) and (+879 points on Tuesday) after losing 1,492 points last week between October 16 and 19.Investors, who lost Rs 4.13 trillion (Rs 4.13 lakh crore) in just three trading days last week, have recovered 70 per cent of their loss or Rs 2.90 trillion (Rs 2.90 lakh crore) in the first two trading days of the current week.
Powered by surging markets, seven companies, Reliance Communications (R-Com) and stock market debutant DLF among them, have joined the Rs 1 trillion (Rs 1,00,000 crore) club in terms of market capitalisation. New entrants are hard-core engineering and mining companies like National Mineral Development Corporation (NMDC) and Bhel - both in the public sector - and L & T. Bharti Airtel, SBI and ICICI Bank are other entrants.
Of the 43 new issues listed on the BSE between April and September 2007, 33 are currently trading at a premium over the offer prices. Of the 33, nine have appreciated by over 100 per cent each, while 15 gained between 25 and 100 per cent.
Of the 508 crorepatis, 17 are from newly-listed companies while 26 joined their companies last year.
Corporate India's payout surged 22 per cent in 2006-07, with more than 50 per cent of the companies raising their dividends
Post-listing, real estate major DLF will find a place among the top-10 companies in terms of market capitalisation.
Rising interest rates and higher inputs costs seem to have taken the sparkle out of corporate results in Q4 2007.
Market-men expect these offers will compete head to head for investors' fund of over Rs 24,000 crore next month.
48 companies have given stock options since Budget day.
Share prices of 17 of the 20 companies, which floated their initial public offers (IPOs) during the period, are now trading below their issue price. Twelve issues were listed below their offer price.
In spite of burgeoning initial public offerings, fund mobilisation by Indian companies through debt and equity issues in the year grew only 14 per cent, against close to 40 per cent in each of the earlier three financial years.
Over 120 dividend paying companies currently have a dividend yield of over five per cent, according to a study. The dividend yield is based on the current market price and dividend paid in the financial year 2005-06.
The market value of the losers declined by an average of 20 per cent, while that of the 45 per cent that gained rose by 35 per cent.
Riding high on profit growth, India Inc is doling out interim dividends like never before
143 million shares valued at Rs 11,000 crore are outstanding with these companies to be offered as stock options in the coming years
India Inc's order-book surged 80% to Rs 73,233 crore in 2006.
The government owned oil companies have proposed to pay interim dividend for the financial year 2006-07
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