Investors in Midcap stocks got a raw Deal

Investors in several midcap stocks are looking at a price the stocks had in mid 90's. Following is the small list that I had seen so far

Company	High Price	Year	Current Price/Equivalent Afert Bonus or Splits or Rights
FDC	500	1999	30/600
Kabra Extrusion	160	1992	70/140
Elgi Equipments	500	1997	30/600
Ador Welding	205	1996	86/130
Savita Chemicals	250	1994	125/210
Automotive Axles	125	1996	85/85
Balmer Lawrie	350	1992	230/275

The companys' fundamentals have improved a lot and also their profits and earnings per share. The market was pretty bullish on these stocks in mid 90's and is very bearish at this time, both unwarranted it seems. All of these companies have paid continuous dividends over the last 10 years and their balance sheet do not contain big debt but their prices reflect the most pessimism.