The early birds have set a scorching pace in the quarter ended March 2007, with around 120 companies posting a 28.6 per cent rise in sales and a hefty 57.8 per cent rise in net profit.
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
Market wealth worth Rs 1,06,838 crore (Rs 1,068.38 billion) was eroded on Monday as the 30-scrip BSE Sensex reported a record fall of 400 points in a single day, the highest in the last six months.
Open interest, the carry-forward position of stock market participants, increased by Rs 18,000 crore (Rs 180 billion) -- nearly 50 per cent -- in the first six days of the December contract, whose trading began on the first day of this month.
The Indian market on Tuesday displaced its South Korean counterpart to attain the fourth position in the market cap rankings for the Asia Pacific region, with a total market cap of $821 billion.
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