Partner Channels: Auctions | Auto | Bill Pay | IT Education | Jobs | Lifestyle | Technology | Travel
April 6, 2001
|
|
|
|
|
|
||
|
Channels: Astrology | Broadband | Contests | E-cards | Money | Movies | Romance | Search | Weather | Wedding | Women Partner Channels: Auctions | Auto | Bill Pay | IT Education | Jobs | Lifestyle | Technology | Travel |
||
|
|
||
|
Home >
Money > Business Headlines > Report April 6, 2001 |
Feedback
|
|
|
Only 12 major business houses creates wealth in 2000-01B G Shirsat Only twelve major business houses have created wealth for shareholders during 2000-01. The Vijaypat Singhania group topped the list with an annual return of 62.2 per cent. GE Shipping group stood second, with the market value of its companies rising by 56.43 per cent. The Oberoi group, with an annual return of 45.4 per cent, was at third, while Binani (20.8 per cent) and Godrej (16.6 per cent) were ranked forth and fifth, respectively. The Usha group of Vinay Rai destroyed shareholder value by whopping 94.4 per cent during the period. Pentafour group was second with the value declining by 91.6 per cent. The Subash Chandra group stood third, with a loss of 87 per cent in shareholders value. R P Goenka group ranked fourth with the wealth erosion at 79.8 per cent, while Adani group was fifth with 71.4 per cent decline in the market value in last one year. The top two wealth creators have one thing in common: they preferred to buyback shares at a hefty premium from the shareholders. Vijaypat Singhania offered Rs 160 per share for Raymond's shares and the promoters of GE Shipping, Sheths, offered Rs 42 per share for GE Shipping's shares. Restructuring news of by the promoters of the Godrej group created wealth of shareholders. Onida group gained 15.4 per cent in market value as promoters looked out for a strategic partner for Mirc Electronics. OP Jindal group benefited by sudden spurt in Saw Pipes price movement, while Wadias' Bombay Dyeing came to rescue for the group's performance. While Reliance Industries Ltd created wealth for its shareholders, Reliance Petroleum eroded the wealth to the tune of over 19 per cent. The melt down of ICE stocks destroyed the wealth of the promoters of new economy companies. The decline in market price of information technologies rocked Usha Group of Vinay Rai, with an erosion of 94 per cent. Zee Telefilms dragged Subash Chandra's wealth by 87 per cent. Saregama and Fujitsu ICIM dent in RP Goenka's wealth by 79.7 per cent. Powered by ALSO READ:
|
||||
