The benchmark BSE Sensex slid 8.69 per cent to 25,101.73 in the past one year till May 4 following uncertainty due to Chinese yuan devaluation and weak corporate earnings.
The benchmark BSE Sensex slid 8.69 per cent to 25,101.73 in the past one year till May 4 following uncertainty due to Chinese yuan devaluation and weak corporate earnings. The index was at 27,490.59 on the same day a year ago.
However, there were 14 stocks in the BSE 500 index which soared over 100 per cent despite weak market sentiments. SpiceJet shares soared over 300 per cent during the period.
Overall, 279 stocks in the BSE 500 index outperformed the 30-share index. Out of them, 204 gave positive return to investors with Gayatri Projects surging 251 per cent. It was followed by 8K Miles Software (up 208 per cent), Himatsingka Seide (up 197 per cent), Kwality Ltd (up 176.78 per cent) and Nilkalam (up 156.83 per cent).
In the list, there are 8 stocks which jumped between 100 per cent and 150 per cent and 21 stocks gained between 50 per cent and 100 per cent.
Among top losers in the BSE 500 index, Sunrise Asian nosedived the most 97.23 per cent during May 4 2015 and May 4 2016. Castex Technologies, Adani Enterprises and
Tree House Education also tumbled 92.70 per cent, 88.78 per cent and 81.27 per cent, respectively.
In the aviation space, SpiceJet and Jet Airways surged 303.23 per cent and 61.64, respectively, in the past one year till May 4.
Among the pharma majors, Dishman Pharma and Astrazeneca Pharma surged 108 per cent and 27.80 per cent during the period under review.
Despite the weak performance of domestic equity markets in the past one year, Karthik Rangappa, VP-educational service and research, Zerodha said, “We are bullish on the markets over the next 2-3 years.”