Friday, October 17, 2008

Strange things happen in stock markets

I created a portfolio of stocks which I think were good in December 2006 when the Sensex was at around 13500-14000 and Nifty was around 3700-4000. During December 2006 and October 2008, Most of the companies increased their profits except NALCO. NALCO's profit went down from 2006 December TTM (Trailing Twelve Months) of around 2000 Crore to 2008 October TTM of around 1700 Cr. The L&Ts, RILs, HDFCs, Bhartis and many others increased their profits by around 50% in these two years. Guess what happened to NALCO's stock price. It outperformed all the stocks till 16th October 2008. Which genius thought of this happening?
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