Web Exclusive
Adani Green Energy, Laurus Labs among top value creators in Samvat 2076

Adani Green Energy has rallied almost 1,000 per cent to Rs 988 from Rs 90.15 on October 27, 2019.
Shares of pharmaceuticals, information technology (IT), automobiles, telecom services providers, consumer durables and chemicals companies were among the top value creators for investors during Samvat 2076.

Laurus Labs, Alkyl Amines Chemicals, Granules India, JB Chemicals and Pharmaceuticals, Dixon Technologies, Tata Communications, Vodafone Idea, Deepak Nitrite, Amber Enterprises, and Escorts were among 24 stocks from the S&P BSE500 index have seen their market values more-than-double during Samvat 2076.

Adani Green Energy, the renewable power company, jumped almost 1,000 per cent to Rs 988 from Rs 90.15 on October 27, 2019. The company also became the first Gautam Adani-led Adani Group company to cross Rs 1 trillion in market capitalisation (m-cap). Currently, Adani Green Energy commands an m-cap of Rs 1.55-trillion and stood at 19th position in the overall m-cap ranking.

Meanwhile, Dr Reddy’s Laboratories, Cipla, Infosys, HCL Technologies, Reliance Industries, JSW Steel, Wipro, Tata Steel, Bharti Airtel, and Tata Consultancy Services (TCS) from the benchmark indices were up between 25 per cent and 75 per cent.

The laggards

However, out of BSE500 companies, less than half or 195 stocks have outperformed the S&P BSE Sensex, which gained 11 per cent during the Samvat 2076. As many as 238 stocks reported negative returns, of which 95 stocks slipped an over 25 per cent.

Financials, retail, hotels, air transport services, and refineries have become major losers. SpiceJet, Punjab National Bank, Canara Bank, Raymond, Shoppers Stop, Oil and Natural Gas Corporation (ONGC), Bharat Heavy Electrical (BHEL), Adani Power, and Oil India were among notable stocks that witnessed their market value decline in the range of 40 per cent to 50 per cent.


Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel