Top 5 Companies To Have Held Their Ground Through The Week’s Fall

The markets saw a huge fall of 2.83% (till June 19, 2013) this week. A steep depreciation of the rupee against all major currencies and the announcement of QE3 withdrawal by the Federal Reserve by 2014 contributed to this fall. This has played havoc in the Indian markets and the Sensex and Nifty fell by 606.58 points and 194.15 points respectively in the first 4 days of the week.

However, some companies have held their ground and have been able to retain their positions in green, giving positive returns to investors. We are looking at 5 such stocks that not only defied the overall market trend but also were up in the study period. We have only considered stocks trading above Rs 50 as of June 17, 2013.

Mahindra Ugine Steel Company (MUSCO): Founded in the year 1962, MUSCO is a part of the USD 12 billion Mahindra Group. It is engaged in the business of steel products in the domain of Automotive, Engineering, Tool & Die, Ball Bearing, Oil, Gas & Mining, Defence, and Railways to name a few. The Steel and Stamping offers for ‘Design to Delivery’ strategy of Systech. The current capacity of the Steel Plant is 1,80,000 TPA and that of the Stamping Plant is 66,400 TPA. The trigger for the stock is the formation of a global alliance between Mahindra Group and CIE Automotive for manufacturing auto components.

The company has been able to hold its ground and has witnessed 26.90% appreciation in its price in the last 4 trading sessions till June 20, 2013. The market capitalisation of the company stands at Rs 310 crore.

LT Foods: LT Foods, formerly known as LT Overseas stands strong as one of the leading processor and exporters of packaged basmati rice in the country. It has a strong global network in more than 50 countries across the globe in major markets like USA, UK, Germany, France, Spain, Middle East, South Africa, Mauritius and Australia. The company’s flagship brand ‘Dawaat’ launched in the 1980s is now recognised as a leading brand in the industry. The company has a strong nationwide distribution network in the domestic market that sells products such as branded rice, wheat and pulses, healthy snacks, spices and other value-added products like brown flex seeds and cashew nuts.

In the said tenure, the share prices of the company have witnessed an appreciation of 17.27% to stand at Rs 70.95. The market capitalisation of the company stands at Rs 186 crore.

Cinemax India: Cinemax India operates theatre exhibition chains in India. The company operates theatres under the Cinemax brand in across 20 major cities in India. It operates with 39 properties, 138 screens, and 33,522 seats, as well as gaming zones in the country. The company was incorporated in 2002 and is based in Mumbai.

The company has secured the third position in this list and has appreciated by 15.69% in the period that we are referring to. The market capitalisation of the company stands at Rs 483 crore.

Future Retail: Future Retail, erstwhile Pantaloons Retail (India), has customers in 95 cities across the country through around 16 million square feet of retail space. Future Retail is the flagship company of Future Group, India’s retail pioneer catering to the entire Indian consumption space.

The share prices of the company have appreciated 14.89% and the market capitalisation stands at Rs 2270 crore.

Reliance Communications: Reliance ADAG’s flagship company, Reliance Communications, is India's largest private sector information and communications company, with over 150 million subscribers. It has established a pan-India, high-capacity, integrated (wireless and wireline), convergent (voice, data and video) digital network, to offer services spanning the entire infocomm value chain.

The prices of the company have appreciated by 11.47% in the mentioned period and the market capitalisation of the company stands at Rs 25,996 crore.