stocks of 400 cos rise 100 percent

http://economictimes.indiatimes.com/News/Economy/Indicators/Stocks-of-400-companies-rise-100-per-cent/articleshow/4497717.cms

What crap!

Suzlon energy went down from an average of around 250 rupees to 35 and then is trading at around 75 -- Is that what you call "giving a return of 100 percent" ?

Sesa Goa fell from an average of 300 to 60 ! Now it has risen to around 120 .. Is that what you call "giving a return of 100 percent" ?

Reliance Industries fell from an average of 2500 to 930 ! Now it has risen to around 1900 .. Is that what you call "giving a return of 100 percent" ?


Dish TV fell from an average of 100 to 16 ! Now it has risen to around 35.. Is that what you call "giving a return of 100 percent" ?

Are these folks assuming that an investor was waiting for Sep08 to happen and then pick up stocks ? And that he had no holding in these companies before Sep 08?

The truth is that the last 2 months have given a return of 35% - but that is after a wealth erosion of nearly 60% between Jan and Sep 08. So if someone had a net worth of 1 crore in Jan 08 - they were worth 40 lacs in Sep08 and are now worth around 54 lacs.. That is a net loss of 46% since Jan 08.

Of course Jan 08 is when the valuations were crazy in the other extreme - way too high i.e.