Wealth creators
Some scrips had an incredible run in the stock markets
and gave amazing returns to investors.
While old economy stocks held sway, the strong rupee and a somewhat subdued US economy kept pulling the investors away from the IT counters for a better part of Year 2007. High overhead costs, the Fringe Benefit Tax, Dividend Distribution Tax and Minimum Alternative Tax played a part as well in making IT an unfancied sector last year.
Sustained inflow of funds from FIIs, strong economic growth and fairly impressive results from top-notch companies kept the market upbeat. The market did see a few big corrective spells during the year. But, by and large, it turned out to be another profitable year for the capital market.
The star performers of Year 2007 have been from among the capital goods, realty, infrastructure, power and metal sectors. While the benchmark indices -- Sensex and Nifty moved up by 48% (6589 points) and 52.77% (2093 points) respectively, some of their components outperformed them in a telling manner.
Here's look at some of the big stocks that had an incredible run:
The tussle between the Ambani siblings made many an investor in Reliance group stocks richer. Reliance Energy owes a fair measure of its sparkling run to the government's thrust on power and infrastructure development. Mega expansion plans that are being spelt out every now and then by the management and expectations over the forthcoming Reliance Power IPO have also contributed to the success story of the energy player.
More about this article @ http://sify.com/finance/fullstory.php?id=14575932
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Mergers & Acquisitions
From steel to pharma, India Inc was on an acquisition spree in the global markets throughout the year. A quick look at big-ticket merger and acquisition deals.
Indian companies continued their acquisition spree in 2007 also with nearly 210 M&A deals reported. At this pace, the M&A numbers may touch 400 by the year 2010. India is now among the world's most competitive producer of steel, auto component, pharmaceuticals, chemicals offering low-cost high value products, and the future merger & acquisition (M&A) activities between India and Europe would concentrate around them. Cross-border deals by Indian firms during the year are expected to be in the region of $35 billion, compared with $15 billion in 2006 and $4.3 billion in 2005.
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Mega IPOs
Mega IPOs Barring one or two IPOs, all the public issues got good responses.
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Markets & Economy
India on the move!
The Indian growth story has just begun.
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