The index has fallen by 20.61% in last 10 months. The market capital of Gujarat companies has also come down.
The Sensex has fallen by over 5,000 points in last 10 months from its peak of 21,004 on November 5, 2010 to 15,848 on August 26. It rose to 16,676 points on Tuesday.
The index has fallen by 20.61% in last 10 months. The market capital of Gujarat companies has also come down.
In some cases, it has seen a bigger fall than the Sensex while in others it has shown positive growth despite global downturn.
Of the 13 large market capital companies of Gujarat, eight have witnessed negative growth while four have climbed up.
However, Cadila Healthcare, which is also known as Zydus Cadila, has fallen from its peak of market capital of Rs20,000 crore in July 2011 to Rs17,231 crore on Friday.
In last two months, the market capital of Cadila Healthcare is down by around Rs2,700 crore. Ahmedabad's wealthiest group on bourses, Adani Group, has witnessed huge fall in all its three companies. The market capital of Adani Enterprises, Adani Power and MPSEZ have fallen in range of 6% to 35%.
The biggest losers in nine months are Kiri Industries, Dishman Pharmaceuticals, Pradip Overseas, Adani Power, Riddhi Siddhi Gluco Biols, Torrent Cables, Torrent Power, Adani Enterprises and Mundra Port & Special Economic Zone (MPSEZ). Of the four companies, which have climbed in last ten months, three belong to pharmaceutical industry and one from textile.
The market capital of Mehta siblings - Sudhir Mehta and Samir Mehta - promoted companies, Torrent Cables and Torrent Power has come down by 16.83% and 26.21% respectively, while its pharmaceutical company, Torrent Pharmaceuticals has moved upwards.
In last nine months, the market capital of Torrent Pharmaceuticals has increased by 6.60%. Similarly, Pankaj Patel promoted companies, Cadila Healthcare and Zydus Wellness, have shown positive growth in market capital of 15.92% and 2.65% respectively.
However, Cadila Healthcare, which is also known as Zydus Cadila, has fallen from its peak of market capital of Rs20,000 crore in July 2011 to Rs17,231 crore on Friday.
In last two months, the market capital of Cadila Healthcare is down by around Rs2,700 crore. Ahmedabad's wealthiest group on bourses, Adani Group, has witnessed huge fall in all its three companies.
The market capital of Adani Enterprises, Adani Power and MPSEZ have fallen in range of 6% to 35%.
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