Nifty : Performance since High of 2008 (Part 3)

Over the last five years, 31 constituents of the Nifty out performed the Index.

Lupin was Super performer - look at red line - & its consistent moves .

Next is Asian Paints

Next is Sun Pharma

Next is Hero Motors

And finally Dr Reddy had given 5 STARS performance over 5 years

 

Nifty : Performance since High of 2008 (Part 2)

Post all time high in BSE Sensex & NSE Nifty in January 2008,

http://www.rediff.com/money/2008/jan/07bspec.htm

Neowave analyst Milind Karandikar suggested “the Sensex target at around 27,000 mark”  for the Year 2008,

stock market consultant and analyst Devangshu Datta  talked of “the possibility of moving till 7,000 in the longer-term of six-eight months” and

Orpheus Capitals CEO Mukul Pal predicted  “After Sensex 20,000, the market expectations are for 30,000, but I don't see the Sensex extending beyond 24,000 this year “

Even others were airing similar views such as HSBC securities

http://businesstoday.intoday.in/story/bse-sensex-likely-to-touch-21700-by-year-end-hsbc/1/191264.html

All these uproar for the market in 2008 proved wrong and the NSE Nifty  corrected  by over 64% to 2252.75 as on 27/10/2008 shedding 4104 points. Subsequently, it recovered over 99% of loss to regain a  high of 6316+ , e.g., 6338.5 as on 05/11/2010.  Incidentally, after scaling 6K figure first on 11-12-2007, Nifty had a closing in 6K’s in just 66 occasions.

8-Jan-08	6282.45	6357.10	6221.60	6287.85
27-Oct-08	2583.75	2585.30	2252.75	2524.20
5-Nov-10	6321.85	6338.50	6303.10	6312.45

On the eve of 5^th Anniversary of the Nifty High, I have to state that the high of 6357.1 is a dream to look forward to. Constituent scrip performed far better over the past five years, however,  anyone who had invested in ETF Nifty is a loser,  as per the attached analysis: -

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Nifty Index & some of its Constituents had under performed :

Nifty : Performance since High of 2008

Even though the NSE Nifty is far below the historical high of 2008 (6357), there is talk of Nifty surpassing the earlier high. 

Performances of individual scrips , in the Index, were mixed as shown the followings Charts. (Source: moneycontrol)

I shall be reviewing the over all performance of the Index as on 08/01/2008 & its constituents over the past five years.