India Inc gives weak performance this FY
With the 2006-07 financial year soon coming to an end, we compare the performance of all listed companies in FY 2006-07 (prices taken between April 3, 2006 and March 26, 2007) with FY 2005-06 (prices taken between April 1, 2005 and March 31, 2006).
Analysing the performance of companies, which were trading on the stock exchanges in both the financial years, it was seen that 76% of the total listed companies have seen a fall in their market capitalization in this financial year as compared to the last. Out of 1626 companies, market capitalization of 1226 companies have taken a dip.
This data clearly suggests the weak performance of India inc's in FY06-07. The weakness, as per experts, can be attributed to factors like high inflation and interest rates. The event of 'budget', which always gives a much needed upside to the market, also did not seem to go very well with the investors.
Analysing the performance of companies, which were trading on the stock exchanges in both the financial years, it was seen that 76% of the total listed companies have seen a fall in their market capitalization in this financial year as compared to the last. Out of 1626 companies, market capitalization of 1226 companies have taken a dip.
This data clearly suggests the weak performance of India inc's in FY06-07. The weakness, as per experts, can be attributed to factors like high inflation and interest rates. The event of 'budget', which always gives a much needed upside to the market, also did not seem to go very well with the investors.
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