Friday, March 5, 2010

Did everybody make money last year?

The Sensex closed on 9 March 2009 at 8160.4 and yesterday at 16971.7, a gain of around 108% in less than a year. Has every investor made profit? Following table gives a list of some companies who made their investors cry:

Company NameClosing Price 9-March-2009Closing Price 4-March-2010Return
Cranes Software38.719.8-48.84%
Tata Communications409.75290.7-29.26%

Many advisors on CNBC were saying at that time to buy anything and you are bound to make money. The investors who bought these shares didn't make money.
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