In FY ‘11-12,3 out of 4 Sensex firms gave negative returns

Hindustan Unilever’s share prices ended the year FY’12 yielding a fabulous 44 pc in returns

Written by Sandeep Singh | Mumbai | Published:April 2, 2012 12:36 am

In a financial year marred by high interest rates,inflation,high input costs and government policy inaction,auto companies and defensive sectors such as fast-moving consumer goods and pharmaceutical delivered strong performance. But three out of four Sensex companies generated negative returns for investors over the last one year that saw the Bombay Stock Exchange’s benchmark index lose 10 per cent.

FMCG giant Hindustan Unilever’s share prices ended the year FY’12 yielding a fabulous 44 per cent in returns. HeroMotoCorp,the leading motorbike player,and Sun Pharma followed suit rising 29.5 per cent and 29 per cent,respectively in the year.

Those on the losing side were led by metal stocks such as Hindalco and Sterlite Industries that witnessed a dip in their share prices by 38 per cent and 36 per cent,respectively. Reliance Industries was the third major loser as its share price fell 28.6 per cent during the year.

With such a huge fall,RIL lost its status of the most influential company at the Bombay Stock Exchange during the year to Infosys. On March 30,2011 Infosys had a weightage of 9.58 per cent in the Sensex as against 9.24 per cent of the RIL. ITC comes third with 8.49 per cent.

During the year,the Sensex also witnessed some key changes in its composition as three stocks got replaced in the year. Two of the Anil Dhirubhai Ambani Group (ADAG) companies —Reliance Infrastructure and Reliance Communications,made way for Coal India and Sun Pharma. Jaypee Group flagship Jai Prakash Associates was replaced by GAIL India in January 2012. Also, DLF is the only real estate stock in the Sensex composition. With a 0.59 per cent weight,it is the last one to make it in the 30-scrip index.

During the year,the movement of foreign institutional investors remained quite volatile. While they stayed away from the Indian markets in the first nine months of FY’12 amidst European debt crisis and domestic interest rate and growth concerns,they returned with big investments in the last quarter of the financial year. The financial year finally ended with a net FII inflow of Rs 46,257 crore. While it stood at Rs 2,307 crore in the first nine months of the fiscal,between January and March the net inflow amounted to Rs 43,950 crore.

Year-ender

Reliance Industries share price fell 28.6% during the fiscal,forfeiting its status as the most influential company at the BSE to Infosys

FII stood at Rs 2,307 crore in the first nine months of the fiscal,but the financial year finally ended with a net FII inflow of Rs 46,257 crore

Two of the ADAG companies — Reliance Infrastructure and Reliance Communications,made way for Coal India and Sun Pharma. Jai Prakash Associates was replaced by GAIL India

DLF is the only real estate stock in the Sensex composition. With a 0.59 per cent weight,the real estate player is the last one to make it in the BSE 30-scrip index

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