25 BSE 500 stocks move over 50 levels: CNBC-TV18

Twenty-five BSE 500 companies, most of them midcaps, have jumped more than 50 positions that have startlingly changed their pecking order in this premium segment. Seven of these have moved up by more than 100 levels even as their market caps gained between 59.80 per cent and 429.50 per cent in a period marked by extreme choppiness after the Sensex hit historic highs of 10612.38 points on May 10.

Interestingly, in five of these companies out of the 17 for which figures for the quarter ending June 30 are available, FIIs have decreased their stake between 0.42 and 13.77 per cent. Mahindra Gesco is the biggest loser in this list as FII stake in the company declined from 26.73 per cent in March to 12.96 per cent in the June quarter. Despite FIIs being averse to this stock its market cap has gone up by 30.66 per cent as it moved up 78 positions at number 176.

This indicates that local players and domestic institutions are lending their support to these stocks, say a clutch of analysts.

These 25 companies belong to diverse sectors of the Indian economy like finance and investment, IT, exports, steel, construction, textiles, cement, paper, pharmaceuticals, and fertilizers.

JM Financial has emerged as the leader in this pack with a jump of 181 levels to stand tall at 198th position as on June 30. Its market cap spiked up by a solid 108.96 per cent at Rs1,565.78 crore. Cambridge Solutions was the second best in this league with a jump of 177 levels at number 267 with a 137.79 per cent increase in market cap at Rs1,097.99 crore.

Adani Exports with a market cap rise of 123.80 per cent moved up 138 levels to move from 263rd position in the March quarter to 125th position for the three-month period ending June 30. Vertex Spinning now stands at number 257 with an increase of 64.29 per cent in market cap compared to 388th position in the March quarter. Subex Azure, which acquired UK-based Azure Solutions for $140 million in a stock-cum-cash deal, gained 121 levels to move at 206th number even as it gained a market cap of 59.80 per cent.

Opto Circuits that sells electronic switchgears ranked 266th in the June quarter rankings from 377th rank held a quarter ago. Construction major Unitech was the biggest market cap gainer at 429.50 per cent (Rs18,421.53 crore) as it moved up 107 levels to rank 29th in the June quarter ahead of index heavyweights like Grasim (Rs17,725.95 crore), Cipla (Rs16,773.06 crore), ACC (Rs14,651.09 crore) and Ranbaxy (Rs13,279.46 crore).

Other companies that have gained more than 50 levels but less than 100 include companies like Emami, Bombay Rayon, Goetze (India), Mahindra Gesco, Dalmia Cement, NIIT, Reliance Industrial Infrastructure, Finolex Cables, Sterlite Optical, Bhushan Steel, Navbharat Ferro, Praj Industries, Orient Paper, Dabur Pharma, Nahar Industrial Enterprises, GTL, Havell's India and GSFC.