For investors, Samvat 2063 was a year to remember. The 30-share Sensex of the Bombay Stock Exchange (BSE) during Samvat 2063 saw some companies give returns as high as 300%. Investors who invested in the benchmark index during this period saw their money grow by almost 50%.
Samvat 2063 saw an unprecedented foreign institutional investors? (FIIs) money flowing into the Indian equity market, pulling it from the level of 12,700 points on October 20, 2006, to 19,058.93 points on Thursday, the last day of Samvat 2063, gaining almost 6,350 points or around 50%.
Investors of the Reliance Energy Ltd (REL) were the happiest of the lot as the REL share price surged from Rs 459.80 on October 20, 2006, to Rs 1,850.95 on Thursday. This is a whopping increase of around Rs 1,391 or 303%.
Larsen & Tourbo (L&T) also gave its investors a cause to cheer as the share price grew from Rs 1,279.70 to Rs 4,130.85 during the same period, a growth of around 223% or Rs 2,851.
Reliance Industries Ltd (RIL) also attracted investor?s interest as massive inflows took the share price up by 128% or Rs 1,541.
RIL shares were trading at around Rs 1,202.05 on October 20 last year and closed at Rs 2,742.75 on Thursday.
Amitabh Chakraborty, president, Equities, Religare said, ?Investing in India is no more an option. It?s a compulsion for global investors. While the global equities were tackling the US credit crisis, we stood up on our own and came back quite sharply.?
