Stocks vs. Gains for FY2012-13 (NSE Stocks)

Welcome to the new trading year FY2013-14. Wish you many exciting trades for this year!

Of late I haven't been posting updates at all. The last week I got a dream where I had realized that I should give more dedication to trading. Especially practice daily on chartgame.com. After I woke up I had decided to commit to practicing on chartgame.com every weekend. This is important because the market presents innumerable traps to get lost easily. 

The new year gave motivation to start with review of stocks in the last year. These last two financial years haven't been good for the Indian stock market in general. After 2008 carnage, only 2009-10 posted best gains since 2007-08.  This financial year continued the trend of last financial year. While NIFTY posted gains of about 6%, large caps were relatively stable and most of the mid caps and small caps were damned to hell sequentially (one by one) by the end of the year. 

Below chart shows the distribution of % change in stocks on NSE from 02-Apr-2012 to 28-Mar-2013. I was expecting a simple uni-modal distribution. This got technical with bimodal distribution. Bimodal has followed me here :)

It actually looks like a trimodal distribution.
If you look at the distribution with fixed bin spacing, then it actually looks like a more realistic (non-Gaussian) distribution which is Mandlebrotian distribution (after-all this is real anyway).

Now compare this with the distribution during a bull market at this link. May be I will post this distribution for other years sometime, but its heck of a task to do so. Mainly because the split information is not easy to adjust. I tried to automate most of the part. I got split/bonus surprise unexpectedly having experienced a split with Ajantpharm and bonus with Agcnet during the year. The bull market distribution is not adjusted for splits. So it must be showing some big gains as small.
Here are the gross statistics:

• Out of 1217 stocks that I could find (the number varies daily, for some reason some stocks don't show up on some days, sorry about that), the average gain for the year turned to be -12% loss.
• 347 were gainers while 870 were losers.
• 8 stocks lost more than 90% (damned to hell once and for all)
• 42 stocks lost more than 75%
• 176 stocks lost more than 50%
• 451 stocks lost more than 30%
• 602 stocks lost more than 20%
• 745 stocks lost more than 10%
• 804 stocks lost more than 5%
• 310 stocks gained more than 5%
• 263 stocks gained more than 10%
• 195 stocks gained more than 20%
• 138 stocks gained more than 30%
• 79 stocks gained more than 50%
• 25 stocks gained more than 100% (atleast doubled)
• 8 stocks gained more than 200% (atleast tripled)
• 2 stocks gained more than 500% (atleast sixtupled)

Unlike last time, I am providing entire list of stocks used in above stats with their prices on first and last trading days of Fy2012-13.

Scrip Code      LTP on 020412      LTP on 280313      % Change
VISESHINFO     0.28     1.85     556%
RASOYPR     1.49     9.05     509%
ALLSEC     12.25     47.55     288%
BIL     55.55     200.35     261%
GOENKA     8.25     27.80     237%
ASHAPURMIN     9.10     30.55     236%
VKSPL     5.50     18.25     232%
WOCKPHARMA     606.55     2005.30     231%
MPSLTD     44.75     125.60     181%
HERITGFOOD     145.40     405.60     179%
LAOPALA     113.25     315.65     179%
PIRLIFE     9.35     25.75     175%
AJANTPHARM     246.10     644.90     162%
MBSWITCH     6.92     17.00     146%
VAKRANSOFT     28.74     67.00     133%
VGUARD     193.30     437.80     126%
ADVANTA     462.90     1022.25     121%
KSERASERA     3.40     7.50     121%
KOLTEPATIL     41.45     88.95     115%
APLLTD     49.00     105.00     114%
KSCL     580.10     1200.35     107%
PVR     148.00     305.30     106%
RSSOFTWARE     63.45     130.30     105%
TIRUMALCHM     44.70     91.15     104%
JYOTHYLAB     82.33     166.00     102%
OMKARCHEM     57.65     113.40     97%
PONNIERODE     130.70     254.70     95%
ZICOM     39.10     75.85     94%
ESSDEE     162.30     313.95     93%
BASML     56.50     108.00     91%
CERA     232.70     443.60     91%
ASTRAL     191.95     364.45     90%
POLYMED     240.40     451.90     88%
BAJAJCORP     118.05     221.15     87%
RELAXO     314.95     588.65     87%
FINPIPE     51.50     95.90     86%
MINDTREE     496.65     914.55     84%
AMARAJABAT     149.33     274.55     84%
BERGEPAINT     107.55     195.25     82%
DEEPAKNTR     146.40     265.00     81%
GITANJALI     330.15     592.40     79%
ALKYLAMINE     85.00     152.00     79%
THEBYKE     125.90     224.65     78%
CCL     144.60     257.15     78%
CHEMFALKAL     42.20     74.50     77%
GALLISPAT     42.20     74.50     77%
TIIL     34.40     60.70     76%
TATACOFFEE     845.95     1475.50     74%
DEN     108.95     189.75     74%
SHRIRAMCIT     626.60     1082.00     73%
PERSISTENT     316.90     544.00     72%
VARDHACRLC     7.30     12.50     71%
GUJALKALI     126.00     215.40     71%
SUVEN     13.65     23.20     70%
GREENPLY     213.50     356.55     67%
SOMANYCERA     39.65     66.00     66%
SUPRAJIT     20.20     33.40     65%
GRUH     127.26     210.30     65%
MADRASCEM     155.15     254.00     64%
SATYAMCOMP     78.95     128.40     63%
PRESTIGE     101.10     163.55     62%
IPCALAB     329.05     529.40     61%
PANACEABIO     78.30     125.60     60%
EVERESTIND     129.15     203.80     58%
JETAIRWAYS     328.85     517.90     57%
JKCEMENT     169.40     265.50     57%
L&TFH     47.40     73.80     56%
ATUL     195.00     299.30     53%
PIDILITIND     172.55     263.80     53%
HELIOSMATH     24.90     38.00     53%
INGVYSYABK     365.35     557.05     52%
BAYERCROP     791.45     1205.25     52%
MOTHERSUMI     127.63     194.15     52%
SUPREMEIND     206.05     312.70     52%
HATHWAY     177.35     268.90     52%
EMAMILTD     398.45     601.95     51%
CHOLAFIN     181.20     273.15     51%
SPYL     27.40     41.30     51%
ORIENTREF     25.60     38.55     51%
RSYSTEMS     152.95     228.80     50%
ICIL     6.55     9.75     49%
SRSLTD     30.40     45.25     49%
SPARC     76.90     114.05     48%
ZEELEARN     14.85     21.90     47%
SARLAPOLY     98.50     145.00     47%
HIKAL     272.95     401.70     47%
GEOMETRIC     68.40     100.20     46%
M&MFIN     133.99     195.00     46%
NAHARSPING     49.00     71.20     45%
STAR     600.25     872.00     45%
SATHAISPAT     31.05     45.00     45%
MUTHOOTFIN     126.85     183.60     45%
VENUSREM     166.70     241.00     45%
VTMLTD     11.00     15.90     45%
ASHIANA     173.80     250.10     44%
SURANAVEL     19.85     28.55     44%
SYMPHONY     249.85     358.10     43%
BANARISUG     601.95     862.15     43%
ESSAROIL     54.50     78.05     43%
RUCHIRA     10.20     14.60     43%
JKLAKSHMI     67.80     97.00     43%
DISHMAN     48.45     69.05     43%
SHANTIGEAR     39.55     56.20     42%
DHANUKA     83.75     119.00     42%
THINKSOFT     42.20     59.75     42%
VIKASGLOB     65.95     93.25     41%
FINCABLES     32.30     45.60     41%
RUCHINFRA     16.30     23.00     41%
SUNDARMFIN     336.95     473.90     41%
VADILALIND     126.85     177.45     40%
NDTV     40.65     56.70     39%
KOTARISUG     6.00     8.35     39%
NITINSPIN     6.55     9.05     38%
AARTIDRUGS     104.40     143.95     38%
BAJFINANCE     834.70     1148.10     38%
FOURSOFT     8.80     12.10     38%
ORIENTLTD     95.00     130.25     37%
SMSPHARMA     142.95     195.70     37%
KANSAINER     903.25     1234.60     37%
OCL     104.45     142.75     37%
SHIVTEX     17.60     24.05     37%
CMC     998.25     1351.65     35%
KTKBANK     96.60     130.75     35%
SPLIL     2.45     3.30     35%
ZENSARTECH     180.15     242.55     35%
APCOTEXIND     146.15     196.40     34%
PHOENIXLTD     204.45     274.70     34%
MAX     167.00     224.05     34%
AARTIIND     60.75     80.55     33%
VISAKAIND     73.70     97.60     32%
MICROSEC     23.95     31.70     32%
J&KBANK     905.00     1191.70     32%
EXCELCROP     119.70     157.45     32%
VINDHYATEL     141.50     185.65     31%
FIEMIND     143.90     188.75     31%
VTL     200.95     262.70     31%
SHALPAINTS     83.68     109.25     31%
TCIDEVELOP     117.20     152.50     30%
PURVA     69.45     90.25     30%
KIL     18.55     24.05     30%
EXCELINFO     22.80     29.55     30%
AGCNET     90.65     117.30     29%
ZEENEWS     10.35     13.35     29%
SUPER     139.00     179.10     29%
DLINKINDIA     21.10     27.15     29%
NANDANEXIM     21.80     28.00     28%
UNITEDTEA     148.00     190.00     28%
IMPAL     328.40     421.15     28%
UBL     546.20     699.60     28%
OMNITECH     128.25     164.20     28%
AUROPHARMA     114.05     145.95     28%
SUNTV     305.20     390.50     28%
GUFICBIO     5.05     6.45     28%
SUPPETRO     45.15     57.50     27%
MASTEK     93.30     118.40     27%
VENKEYS     395.70     501.65     27%
UNICHEMLAB     137.10     173.75     27%
ORIENTABRA     7.30     9.25     27%
AKZOINDIA     807.20     1022.05     27%
DENORA     121.85     153.90     26%
RAINCOM     37.70     47.50     26%
WEIZFOREX     55.65     70.00     26%
RATNAMANI     107.10     134.70     26%
AMBIKCO     149.15     187.10     25%
JKTYRE     80.70     101.20     25%
INOXLEISUR     51.70     64.65     25%
SHREERAMA     3.60     4.50     25%
MCLEODRUSS     280.35     350.05     25%
MARICO     170.65     212.90     25%
HIRECT     40.85     50.95     25%
CHETTINAD     555.00     691.25     25%
SHREECEM     3267.40     4043.40     24%
RAJPALAYAM     194.35     240.15     24%
SURYAROSNI     55.00     67.95     24%
VINATIORGA     84.00     103.75     24%
PAGEIND     2700.70     3330.55     23%
SOLARINDS     835.45     1029.85     23%
DAAWAT     38.15     47.00     23%
IGARASHI     44.45     54.70     23%
WSTCSTPAPR     49.55     60.80     23%
MAHSCOOTER     303.80     371.70     22%
INFINITE     80.90     98.95     22%
MMFSL     85.70     104.80     22%
RSWM     74.50     91.10     22%
ELGIRUBCO     20.00     24.35     22%
EICHERMOT     2105.15     2562.20     22%
KIRLOSBROS     122.10     148.55     22%
MANJUSHREE     79.05     96.05     22%
BAJAJFINSV     635.95     771.55     21%
LPDC     1.90     2.30     21%
KPIT     79.90     96.70     21%
SEINV     319.75     386.85     21%
KPRMILL     86.05     104.00     21%
SONATSOFTW     19.35     23.35     21%
PIIND     525.50     633.85     21%
THERMAX     470.00     563.60     20%
NESCO     641.95     769.70     20%
KRBL     18.15     21.75     20%
KARURVYSYA     376.10     450.40     20%
CANFINHOME     113.50     135.90     20%
RAMCOSYS     99.10     118.50     20%
PREMIER     67.00     80.10     20%
RAJSREESUG     37.70     45.00     19%
GRANULES     79.60     94.85     19%
TIMBOR     21.70     25.85     19%
SUTLEJTEX     170.00     202.30     19%
FUTUREVENT     8.45     10.05     19%
BLUEDART     1993.85     2358.45     18%
DSKULKARNI     57.85     68.40     18%
PRETAILDVR     95.15     112.40     18%
SUNDARAM     15.75     18.60     18%
RUPA     140.00     165.00     18%
TUBEINVEST     139.85     164.80     18%
WABAG     424.40     500.00     18%
VIDEOIND     172.95     203.50     18%
THANGAMAYL     177.05     207.80     17%
CASTROL     270.45     317.20     17%
TVTODAY     53.00     62.15     17%
NATCOPHARM     365.95     429.00     17%
FDC     78.45     91.90     17%
KOTHARIPET     5.25     6.15     17%
MAHLIFE     324.00     378.95     17%
SMARTLINK     46.60     54.50     17%
GICHSGFIN     89.90     105.00     17%
KLRF     24.00     28.00     17%
DCMSRMCONS     45.25     52.75     17%
DECCANCE     179.95     209.70     17%
RAMCOIND     45.40     52.70     16%
JBCHEPHARM     64.05     74.15     16%
NITINFIRE     50.85     58.60     15%
KCPSUGIND     15.75     18.05     15%
ANSALHSG     44.70     51.20     15%
AMARJOTHI     43.75     50.00     14%
PANCARBON     125.20     143.05     14%
LAXMIMACH     1618.00     1845.80     14%
MRF     10498.35     11971.80     14%
DCW     11.05     12.60     14%
GANDHITUBE     134.60     152.90     14%
PGHH     2227.25     2523.60     13%
SASKEN     118.70     134.45     13%
ONWARDTEC     35.80     40.50     13%
NUCLEUS     64.10     72.50     13%
BASF     513.20     578.80     13%
RAINBOWPAP     68.50     77.20     13%
SURYALAXMI     53.30     60.00     13%
SANDESH     249.00     280.15     13%
BLISSGVS     23.60     26.55     13%
KIRLOSENG     149.95     168.65     12%
KAJARIACER     168.25     188.90     12%
JKIL     172.90     194.00     12%
TORNTPHARM     621.30     695.55     12%
SABTN     73.35     82.10     12%
KAUSHALYA     6.85     7.65     12%
BIRLAMONEY     14.55     16.20     11%
TTL     18.90     21.00     11%
TREEHOUSE     207.40     230.35     11%
MAGMA     74.65     82.75     11%
TATAGLOBAL     115.35     127.85     11%
INFOTECENT     153.60     170.15     11%
SESHAPAPER     198.00     218.90     11%
ESSELPACK     27.95     30.90     11%
MYSOREBANK     511.65     563.75     10%
PVP     4.95     5.45     10%
BPCL     343.68     377.70     10%
KKCL     660.00     725.15     10%
BHUSANSTL     417.85     458.25     10%
ENIL     220.30     241.45     10%
DPSCLTD     15.90     17.40     9%
ATFL     451.65     493.65     9%
TRITURBINE     48.00     52.30     9%
PENINLAND     33.65     36.65     9%
BALMLAWRIE     557.85     605.20     8%
NAGREEKEXP     14.80     16.05     8%
ASTRAMICRO     36.75     39.85     8%
GREENPOWER     13.10     14.20     8%
SGJHL     83.55     90.55     8%
IOC     260.40     281.60     8%
HAVELLS     595.40     643.80     8%
GIPCL     68.55     74.10     8%
HINDUJAVEN     369.00     398.25     8%
DHARSUGAR     25.50     27.50     8%
WHIRLPOOL     205.45     221.55     8%
IOLCP     24.10     25.95     8%
INDOCO     54.03     58.15     8%
TTKPRESTIG     3015.55     3243.70     8%
DOLPHINOFF     84.00     90.30     8%
GODREJIND     273.95     294.10     7%
ZYDUSWELL     399.80     428.40     7%
SAKUMA     12.60     13.50     7%
EDELWEISS     28.80     30.85     7%
TI     55.50     59.30     7%
ESSARPORTS     82.15     87.75     7%
SOTL     451.00     481.70     7%
ANANTRAJ     58.85     62.80     7%
MUKANDENGG     23.50     25.05     7%
NOVOPANIND     27.00     28.75     6%
CUB     49.40     52.55     6%
BHARATRAS     120.10     127.65     6%
NIITTECH     265.85     282.40     6%
UTTAMSTL     70.00     74.35     6%
APPAPER     181.10     192.35     6%
GHCL     33.90     36.00     6%
AVANTI     99.55     105.70     6%
CYBERTECH     11.85     12.55     6%
HONDAPOWER     375.60     397.25     6%
SOBHA     329.30     348.10     6%
TRENT     946.45     997.20     5%
SUNTECK     379.65     399.65     5%
APOLLOTYRE     79.30     83.45     5%
DBCORP     214.35     225.40     5%
TIPSINDLTD     53.70     56.35     5%
WYETH     860.10     902.40     5%
SAVERA     38.80     40.65     5%
CANTABIL     17.00     17.75     4%
MERCK     605.60     631.25     4%
JUBLFOOD     1198.50     1246.95     4%
USHERAGRO     49.85     51.75     4%
TATACOMM     225.40     233.95     4%
OIL     493.05     510.75     4%
HMVL     140.00     145.00     4%
EASUNREYRL     57.60     59.60     3%
HINDNATGLS     192.00     198.20     3%
CEATLTD     90.70     93.60     3%
ZODJRDMKJ     22.90     23.60     3%
RAJTV     153.85     158.55     3%
MANINDS     104.60     107.75     3%
DISHTV     65.40     67.10     3%
SHOPERSTOP     391.90     401.25     2%
TTKHEALTH     395.40     404.55     2%
NORBTEAEXP     5.00     5.10     2%
GKWLIMITED     402.05     410.00     2%
FINANTECH     701.45     712.60     2%
GAEL     22.50     22.85     2%
MARALOVER     9.65     9.80     2%
SAMBANDAM     66.50     67.50     2%
DALMIASUG     13.85     14.05     1%
HITACHIHOM     127.45     129.25     1%
IGPL     23.50     23.80     1%
IFBIND     79.85     80.80     1%
SBBJ     408.75     413.40     1%
VSTIND     1499.75     1515.95     1%
INDNIPPON     169.20     170.90     1%
KBIL     745.40     752.00     1%
GENUSPOWER     11.40     11.50     1%
SHILPAMED     246.85     248.00     0%
NAHARINDUS     32.85     33.00     0%
VICEROY     15.95     16.00     0%
JMFINANCIL     16.15     16.15     0%
RESPONIND     90.00     90.00     0%
TDPOWERSYS     252.70     252.45     0%
3MINDIA     3761.25     3756.50     0%
RADICO     130.10     129.90     0%
SREINFRA     26.80     26.75     0%
TEXINFRA     26.70     26.65     0%
PUNJLLOYD     55.90     55.75     0%
KANORICHEM     32.05     31.95     0%
LAKSHMIMIL     1475.00     1470.00     0%
BALAJITELE     42.50     42.25     -1%
INSECTICID     407.75     405.15     -1%
VIMTALABS     15.10     15.00     -1%
OMAXAUTO     37.70     37.45     -1%
KIRLOSIND     353.65     351.00     -1%
SOUTHBANK     24.70     24.50     -1%
SURANAT&P     15.80     15.65     -1%
CADILAHC     750.15     742.75     -1%
FORTIS     101.25     100.25     -1%
SKSMICRO     123.45     122.00     -1%
NAVNETPUBL     58.65     57.95     -1%
GEOJITBNPP     19.50     19.25     -1%
SOMATEX     3.80     3.75     -1%
ELGIEQUIP     76.05     75.00     -1%
ERAINFRA     136.40     134.35     -2%
ORIENTBANK     255.90     251.80     -2%
ANDHRSUGAR     136.10     133.90     -2%
NAUKRI     365.55     359.40     -2%
TNPL     96.70     95.05     -2%
NHPC     20.20     19.85     -2%
BALKRISIND     275.30     270.30     -2%
PANTALOONR     152.55     149.70     -2%
ADVANIHOTR     30.00     29.40     -2%
DENABANK     91.35     89.50     -2%
SYNDIBANK     112.25     109.95     -2%
NESTLEIND     4685.65     4588.20     -2%
OMAXE     152.35     149.10     -2%
ITDCEM     180.30     176.00     -2%
BRFL     253.15     247.05     -2%
SWARAJENG     405.40     395.45     -2%
PNBGILTS     25.45     24.75     -3%
FSL     10.50     10.20     -3%
JAYBARMARU     46.80     45.45     -3%
MUKTAARTS     29.25     28.40     -3%
MIRZAINT     18.85     18.25     -3%
WHEELS     605.35     585.65     -3%
TATAMTRDVR     158.05     152.75     -3%
ECEIND     129.70     125.35     -3%
BBTC     116.95     112.95     -3%
JENSONICOL     2.90     2.80     -3%
TRIVENI     15.45     14.90     -4%
DHAMPURSUG     43.20     41.65     -4%
CESC     274.85     264.85     -4%
GILLANDERS     69.40     66.80     -4%
BRIGADE     59.30     57.05     -4%
ALEMBICLTD     16.30     15.65     -4%
MAHABANK     53.75     51.60     -4%
TATAINVEST     450.40     431.70     -4%
LAKSHVILAS     84.70     81.10     -4%
SJVN     19.75     18.90     -4%
MANDHANA     255.10     244.00     -4%
DATAMATICS     27.55     26.35     -4%
PRECWIRE     75.40     71.90     -5%
INDOTHAI     10.55     10.05     -5%
JAYSREETEA     89.50     85.20     -5%
ARIHANT     43.95     41.80     -5%
HIMATSEIDE     30.85     29.30     -5%
ASHOKA     203.45     193.00     -5%
TV18BRDCST     29.65     28.10     -5%
PAPERPROD     65.75     62.30     -5%
SHARONBIO     363.90     344.80     -5%
RALLIS     121.90     115.40     -5%
ABCIL     82.60     78.15     -5%
SHILPI     12.05     11.40     -5%
TATAELXSI     201.95     191.00     -5%
INDIAGLYCO     134.45     126.90     -6%
ALICON     59.65     56.20     -6%
SHAKTIPUMP     46.35     43.50     -6%
HEIDELBERG     39.30     36.75     -6%
VARDMNPOLY     70.80     66.15     -7%
RAJESHEXPO     130.85     122.25     -7%
TATASPONGE     319.20     297.95     -7%
ARVIND     82.90     77.35     -7%
EMAMIINFRA     19.40     18.10     -7%
BIRLAERIC     10.35     9.65     -7%
JAGRAN     99.80     93.00     -7%
BFINVEST     45.40     42.30     -7%
REPRO     194.65     181.15     -7%
REDINGTON     86.95     80.90     -7%
PLASTIBLEN     74.00     68.85     -7%
OBEROIRLTY     277.25     257.65     -7%
GOLDINFRA     10.95     10.15     -7%
GRAPHITE     85.40     79.10     -7%
AARVEEDEN     36.90     34.15     -7%
PFOCUS     45.25     41.85     -8%
KEC     63.85     59.05     -8%
TIDEWATER     7590.30     7007.85     -8%
APLAPOLLO     181.70     167.65     -8%
INNOIND     113.25     104.45     -8%
CENTURYPLY     58.85     54.25     -8%
INDIANHUME     106.90     98.40     -8%
DCB     46.80     43.00     -8%
LLOYDSTEEL     11.00     10.10     -8%
GLOBUSSPR     102.60     94.20     -8%
GESHIP     251.15     230.10     -8%
HINDZINC     132.40     121.30     -8%
BALAMINES     38.25     35.00     -8%
RAMANEWS     8.15     7.45     -9%
HONAUT     2838.25     2594.35     -9%
TINPLATE     44.10     40.30     -9%
RPGLIFE     65.95     60.25     -9%
INDRAMEDCO     35.80     32.70     -9%
ZODIACLOTH     202.70     185.05     -9%
GNFC     83.00     75.75     -9%
KHAITANELE     76.00     69.25     -9%
PIPAVAVDOC     80.65     73.45     -9%
LUMAXTECH     146.90     133.75     -9%
EROSMEDIA     189.90     172.85     -9%
DBSTOCKBRO     105.50     95.80     -9%
LIBERTSHOE     93.15     84.50     -9%
VINYLINDIA     10.00     9.05     -10%
SUBROS     25.75     23.30     -10%
MURUDCERA     17.75     16.05     -10%
SBT     577.65     521.95     -10%
GALLANTT     18.85     17.00     -10%
SHRENUJ     65.80     59.20     -10%
CRISIL     983.45     884.35     -10%
WILLAMAGOR     44.65     40.00     -10%
CORPBANK     427.65     382.65     -11%
LLOYDELENG     44.10     39.45     -11%
MADHAV     17.85     15.95     -11%
ADFFOODS     50.15     44.80     -11%
INDIAINFO     67.90     60.65     -11%
JOCIL     98.55     88.00     -11%
PTC     67.25     59.95     -11%
ISFT     53.65     47.75     -11%
SICAL     67.55     60.10     -11%
JBFIND     111.80     99.45     -11%
BATAINDIA     808.10     718.35     -11%
SHARRESLTD     65.05     57.75     -11%
BRITANNIA     591.80     524.95     -11%
TCI     62.75     55.65     -11%
TALWALKARS     160.70     142.50     -11%
GINNIFILA     5.70     5.05     -11%
SANGHIIND     17.05     15.10     -11%
INDOTECH     83.00     73.50     -11%
HYDROS&S     15.25     13.50     -11%
SELAN     285.85     253.00     -11%
KOKUYOCMLN     34.80     30.80     -11%
BALPHARMA     19.50     17.25     -12%
BAJAJELEC     197.40     174.60     -12%
RML     122.75     108.50     -12%
GMDCLTD     189.05     167.00     -12%
PFIZER     1200.20     1060.05     -12%
GABRIEL     21.73     19.15     -12%
ICRA     1146.90     1009.90     -12%
ABBOTINDIA     1520.95     1339.15     -12%
UGARSUGAR     11.60     10.20     -12%
FLEXITUFF     249.60     219.30     -12%
AIAENG     362.10     317.90     -12%
MOIL     254.00     222.95     -12%
BANG     15.95     14.00     -12%
SIYSIL     268.90     236.00     -12%
TVSELECT     17.10     15.00     -12%
IL&FSTRANS     202.85     177.85     -12%
GODREJPROP     602.40     527.55     -12%
FAGBEARING     1679.00     1470.10     -12%
WABCOINDIA     1589.55     1391.20     -12%
ALLCARGO     132.20     115.55     -13%
POLYPLEX     185.45     162.05     -13%
EXCELINDUS     67.75     59.15     -13%
PDPL     101.05     88.00     -13%
MAGNUM     3.85     3.35     -13%
SUNILHITEC     65.10     56.60     -13%
KSE     236.00     205.00     -13%
MAHINDUGIN     53.50     46.45     -13%
GARWALLROP     49.15     42.65     -13%
JSWENERGY     63.05     54.70     -13%
TALBROAUTO     41.90     36.35     -13%
GOACARBON     76.50     66.35     -13%
SANWARIA     31.40     27.20     -13%
EMMBI     13.30     11.50     -14%
MHRIL     297.45     256.95     -14%
GOLDIAM     23.45     20.25     -14%
ALPA     9.15     7.90     -14%
CENTENKA     116.80     100.75     -14%
PFS     16.25     14.00     -14%
GODFRYPHLP     3167.70     2727.55     -14%
BURNPUR     6.80     5.85     -14%
KCP     33.25     28.55     -14%
SUMEETINDS     23.75     20.35     -14%
BIRLACORPN     285.50     244.50     -14%
ADORWELD     131.40     112.45     -14%
HGS     322.70     276.05     -14%
NAHARCAP     45.30     38.75     -14%
NOIDATOLL     23.35     19.95     -15%
GSPL     78.45     67.00     -15%
DHUNINV     63.00     53.75     -15%
GRINDWELL     273.10     232.80     -15%
GLOBALVECT     14.20     12.10     -15%
DYNAMATECH     785.75     668.75     -15%
PNC     12.00     10.20     -15%
JUBILANT     201.95     171.50     -15%
HINDMOTORS     10.25     8.70     -15%
PONDYOXIDE     25.00     21.20     -15%
SKMEGGPROD     6.90     5.85     -15%
MAITHANALL     92.10     78.00     -15%
MINDAIND     183.95     155.65     -15%
RBL     110.65     93.55     -15%
STERTOOLS     110.00     93.00     -15%
UPERGANGES     45.00     38.00     -16%
MONSANTO     679.60     572.45     -16%
GPPL     59.10     49.75     -16%
REIAGROLTD     12.00     10.10     -16%
NRBBEARING     36.90     31.05     -16%
TAJGVK     76.15     64.05     -16%
LOTUSEYE     9.05     7.60     -16%
ASIANHOTNR     190.85     160.15     -16%
JAYAGROGN     105.95     88.90     -16%
AEGISCHEM     150.00     125.60     -16%
PRATIBHA     47.25     39.55     -16%
BLUESTARCO     189.40     158.25     -16%
ELDERPHARM     338.85     283.05     -16%
SALORAINTL     18.50     15.45     -16%
KOTHARIPRO     414.95     346.05     -17%
ABGSHIP     387.95     323.35     -17%
GATI     32.25     26.85     -17%
HCL-INSYS     45.15     37.55     -17%
SUNFLAG     24.05     20.00     -17%
EIMCOELECO     172.55     143.40     -17%
NMDC     165.00     137.10     -17%
NOCIL     16.85     14.00     -17%
GULFOILCOR     77.20     64.10     -17%
CENTUM     49.00     40.65     -17%
ASAHIINDIA     58.10     48.10     -17%
IBREALEST     65.90     54.55     -17%
GLOBOFFS     71.10     58.75     -17%
TFCILTD     25.90     21.40     -17%
MANINFRA     176.55     145.10     -18%
OILCOUNTUB     52.05     42.75     -18%
ECLERX     734.85     602.95     -18%
LYKALABS     11.10     9.10     -18%
GMBREW     77.65     63.60     -18%
NATNLSTEEL     15.15     12.40     -18%
MUNJALSHOW     70.05     57.25     -18%
BHAGYNAGAR     15.30     12.50     -18%
INGERRAND     473.40     386.65     -18%
KSBPUMPS     250.25     204.00     -18%
RANEHOLDIN     207.35     169.00     -18%
RELIGARE     377.80     307.15     -19%
HERCULES     130.43     105.95     -19%
PRISMCEM     51.85     42.05     -19%
GARDENSILK     61.85     50.15     -19%
WEIZMANIND     8.95     7.25     -19%
MALUPAPER     9.20     7.45     -19%
GDL     153.05     123.80     -19%
EDL     66.35     53.65     -19%
AUTOLITIND     16.65     13.45     -19%
PATINTLOG     22.25     17.95     -19%
UNITECH     29.20     23.55     -19%
TEXRAIL     60.30     48.55     -19%
BINANIIND     122.65     98.75     -19%
GLFL     2.30     1.85     -20%
BSL     16.30     13.10     -20%
VESUVIUS     388.75     312.00     -20%
NELCAST     24.95     20.00     -20%
MBLINFRA     178.80     143.30     -20%
KOPRAN     15.85     12.70     -20%
ANTGRAPHIC     0.25     0.20     -20%
TIJARIA     7.50     6.00     -20%
HITECHPLAS     55.25     44.10     -20%
PUNJABCHEM     57.45     45.85     -20%
HANUNG     128.90     102.25     -21%
DPTL     111.00     88.00     -21%
SONASTEER     12.30     9.75     -21%
BLUESTINFO     71.05     56.30     -21%
SUPERSPIN     6.25     4.95     -21%
SILINV     72.10     57.00     -21%
NILKAMAL     214.30     169.35     -21%
GILLETTE     2540.55     2004.75     -21%
TECHNO     192.60     151.95     -21%
VIJAYABANK     59.45     46.90     -21%
KABRAEXTRU     34.55     27.25     -21%
MCDHOLDING     43.75     34.45     -21%
REVATHI     279.50     219.75     -21%
KWALITY     37.90     29.75     -22%
JKPAPER     35.70     28.00     -22%
PENIND     31.90     25.00     -22%
AROGRANITE     36.65     28.70     -22%
SITASHREE     5.75     4.50     -22%
COMPUSOFT     11.95     9.35     -22%
VSTTILLERS     463.25     362.35     -22%
NAGREEKCAP     16.50     12.90     -22%
SAKHTISUG     25.40     19.85     -22%
MANAKSIA     53.95     42.15     -22%
ALSTOMT&D     188.10     146.90     -22%
BPL     17.80     13.90     -22%
MMFL     92.35     72.10     -22%
SUMMITSEC     81.85     63.90     -22%
LANCOIN     26.90     21.00     -22%
GUJAPOLLO     132.80     103.65     -22%
SADBHAV     153.35     119.60     -22%
UNIVCABLES     40.35     31.45     -22%
ESABINDIA     540.85     421.15     -22%
NITESHEST     15.55     12.10     -22%
COSMOFILMS     88.50     68.75     -22%
AJMERA     121.20     94.15     -22%
SKFINDIA     710.00     551.20     -22%
CHENNPETRO     157.90     122.40     -22%
PSB     75.15     58.25     -22%
FIRSTLEASE     59.00     45.65     -23%
SUNDRMBRAK     162.00     125.25     -23%
NELCO     50.45     39.00     -23%
NBVENTURES     216.55     167.40     -23%
SHRINATRAJ     84.15     65.05     -23%
MOREPENLAB     3.30     2.55     -23%
TIMETECHNO     56.25     43.45     -23%
THOMASCOOK     65.25     50.40     -23%
JPINFRATEC     51.45     39.70     -23%
VISASTEEL     56.60     43.65     -23%
ESL     6.30     4.85     -23%
COX&KINGS     166.55     128.15     -23%
MANJEERA     84.10     64.70     -23%
GAMMNINFRA     14.95     11.50     -23%
SIMBHSUGAR     29.80     22.90     -23%
KARMAENG     14.00     10.75     -23%
IFGLREFRAC     41.35     31.75     -23%
SSWL     215.70     165.15     -23%
MUKANDLTD     34.95     26.75     -23%
INDIACEM     109.30     83.65     -23%
NEOCORP     28.50     21.80     -24%
RAJRAYON     0.85     0.65     -24%
TECHNOFAB     152.75     116.65     -24%
STEL     12.90     9.85     -24%
CENTURYTEX     376.45     287.05     -24%
EIDPARRY     195.55     149.00     -24%
HUBTOWN     184.00     139.95     -24%
BALRAMCHIN     57.35     43.60     -24%
NETWORK18     38.55     29.30     -24%
UNITEDBNK     74.20     56.35     -24%
CARBORUNIV     156.45     118.45     -24%
RKDL     11.50     8.70     -24%
GEECEE     45.00     34.00     -24%
BOMDYEING     116.43     87.95     -24%
SMLISUZU     392.05     295.95     -25%
MANALIPETC     10.65     8.00     -25%
MBECL     91.75     68.90     -25%
RANEENGINE     187.50     140.75     -25%
KALPATPOWR     109.25     82.00     -25%
CILNOVA     19.60     14.70     -25%
SUNDRMFAST     55.25     41.40     -25%
TVSMOTOR     43.15     32.30     -25%
AMRUTANJAN     153.86     115.10     -25%
BAGFILMS     4.55     3.40     -25%
HBSTOCK     11.45     8.55     -25%
20MICRONS     41.93     31.30     -25%
CREATIVEYE     4.70     3.50     -26%
THIRUSUGAR     80.60     60.00     -26%
GREAVESCOT     86.05     63.95     -26%
DWARKESH     38.90     28.90     -26%
FMGOETZE     269.85     200.10     -26%
MOTILALOFS     104.10     77.10     -26%
NEXTMEDIA     3.85     2.85     -26%
GPIL     111.65     82.60     -26%
SANGAMIND     45.35     33.55     -26%
INDIANB     238.15     176.15     -26%
GUJNRECOKE     22.70     16.75     -26%
UNIENTER     24.60     18.15     -26%
NEYVELILIG     89.20     65.80     -26%
VOLTAMP     515.10     379.55     -26%
RANASUG     3.80     2.80     -26%
SICAGEN     18.20     13.40     -26%
JINDALPOLY     198.90     146.40     -26%
HINDCOMPOS     435.00     320.00     -26%
IVC     27.20     20.00     -26%
INDBANK     6.60     4.85     -27%
HTMEDIA     138.55     101.50     -27%
KESORAMIND     116.85     85.50     -27%
SHYAMTEL     28.30     20.70     -27%
MRPL     67.75     49.55     -27%
IGL     379.10     277.15     -27%
VALECHAENG     62.00     45.30     -27%
AHLWEST     132.00     96.35     -27%
JAGSNPHARM     13.50     9.85     -27%
ASSAMCO     7.20     5.25     -27%
CLNINDIA     664.45     483.70     -27%
GOLDTECH     6.90     5.00     -28%
HEXAWARE     116.95     84.55     -28%
RAJVIR     80.30     57.95     -28%
REFEX     3.95     2.85     -28%
HEG     233.45     168.20     -28%
FACT     30.70     22.10     -28%
ELECTCAST     21.55     15.50     -28%
V2RETAIL     11.90     8.55     -28%
PANORAMUNI     8.70     6.25     -28%
AFL     34.95     25.05     -28%
SRGINFOTEC     0.35     0.25     -29%
BBL     597.30     425.30     -29%
KOHINOOR     31.90     22.70     -29%
GENESYS     130.60     92.90     -29%
MANGCHEFER     40.35     28.70     -29%
ORIENTHOT     26.30     18.70     -29%
KNRCON     123.80     88.00     -29%
SPIC     17.85     12.65     -29%
TANTIACONS     40.80     28.90     -29%
SARDAEN     133.35     94.35     -29%
BLKASHYAP     10.40     7.35     -29%
UNIPLY     8.00     5.65     -29%
RIIL     441.35     311.25     -29%
DREDGECORP     276.70     195.00     -30%
EVEREADY     23.70     16.70     -30%
USHAMART     31.35     22.05     -30%
LAKPRE     39.10     27.50     -30%
TULSI     8.75     6.15     -30%
PANAMAPET     193.35     135.80     -30%
RJL     85.60     60.00     -30%
JMCPROJECT     112.80     79.05     -30%
PARSVNATH     56.60     39.65     -30%
FILATEX     35.20     24.65     -30%
GTNIND     11.00     7.70     -30%
NAHARPOLY     22.30     15.60     -30%
BIMETAL     283.25     198.00     -30%
BGLOBAL     7.30     5.10     -30%
PANASONIC     97.85     68.35     -30%
UCOBANK     79.85     55.75     -30%
RENUKA     31.80     22.20     -30%
VASCONEQ     43.40     30.20     -30%
EIHAHOTELS     154.45     107.35     -30%
ROLTA     94.85     65.90     -31%
VLSFINANCE     13.90     9.65     -31%
VIPUL     10.75     7.45     -31%
AVTNPL     37.10     25.70     -31%
FKONCO     156.00     108.05     -31%
CTE     8.40     5.80     -31%
TRIDENT     11.10     7.65     -31%
VIVIMEDLAB     407.65     280.80     -31%
PRAKASHCON     9.88     6.80     -31%
MEGH     8.00     5.50     -31%
ASAL     47.00     32.30     -31%
IMFA     328.45     225.65     -31%
UTTAMSUGAR     24.10     16.55     -31%
UCALFUEL     71.45     49.05     -31%
JSWISPAT     12.75     8.75     -31%
MAWANASUG     13.35     9.15     -31%
OISL     39.00     26.65     -32%
SUPREMEINF     293.20     200.35     -32%
PIRGLASS     113.30     77.40     -32%
KMSUGAR     2.20     1.50     -32%
MANAPPURAM     31.70     21.60     -32%
CCCL     16.00     10.90     -32%
DUNCANSIND     11.75     8.00     -32%
BALLARPUR     25.35     17.25     -32%
ZANDUREALT     1622.45     1102.95     -32%
ESCORTS     72.85     49.50     -32%
RUCHISOYA     92.30     62.60     -32%
SYNCOM     14.40     9.75     -32%
DONEAR     17.80     12.05     -32%
SHRIRAMEPC     81.70     55.30     -32%
OUDHSUG     26.25     17.75     -32%
ORISSAMINE     3528.82     2383.10     -32%
NRC     4.00     2.70     -33%
MAXWELL     20.60     13.90     -33%
TNPETRO     15.95     10.75     -33%
LOVABLE     362.70     244.25     -33%
ANIKINDS     28.00     18.85     -33%
SRF     251.75     169.30     -33%
HFCL     12.20     8.20     -33%
BANSWRAS     71.15     47.75     -33%
ALBK     188.50     126.40     -33%
DBREALTY     88.90     59.60     -33%
TFL     8.95     6.00     -33%
PDUMJEPULP     16.50     11.05     -33%
AMDIND     14.95     10.00     -33%
ANDHRACEMT     9.80     6.55     -33%
HARITASEAT     113.00     75.50     -33%
POLARIS     166.60     111.30     -33%
AHLEAST     300.80     200.95     -33%
RAYMOND     428.05     285.85     -33%
ASAHISONG     87.05     58.10     -33%
GSFC     87.73     58.50     -33%
HOTELRUGBY     6.60     4.40     -33%
KITPLYIND     2.85     1.90     -33%
KSL     54.00     36.00     -33%
PARASPETRO     0.45     0.30     -33%
RPPINFRA     60.10     40.05     -33%
DICIND     281.55     187.60     -33%
HOVS     44.50     29.60     -33%
WENDT     1649.15     1096.55     -34%
VOLTAS     113.35     75.35     -34%
HINDUJAFO     60.50     40.20     -34%
TAKE     32.90     21.85     -34%
DEEPAKFERT     151.10     100.25     -34%
LUMAXAUTO     27.85     18.45     -34%
SIRPAPER     37.75     25.00     -34%
PRAKASHSTL     154.30     101.85     -34%
AURIONPRO     114.55     75.60     -34%
JINDALPHOT     154.70     102.05     -34%
NECLIFE     23.65     15.60     -34%
HARRMALAYA     70.90     46.75     -34%
ALPSINDUS     2.20     1.45     -34%
DIAPOWER     109.90     72.40     -34%
BEPL     22.55     14.85     -34%
MSPL     31.50     20.65     -34%
DIGJAM     7.10     4.65     -35%
ITI     24.45     16.00     -35%
AMTEKINDIA     108.20     70.80     -35%
COROMANDEL     282.75     184.95     -35%
CENTRALBK     102.15     66.70     -35%
MTNL     28.25     18.40     -35%
DHANBANK     70.30     45.75     -35%
JAMNAAUTO     121.50     79.00     -35%
APARINDS     166.05     107.95     -35%
LML     7.95     5.15     -35%
GTOFFSHORE     99.50     64.40     -35%
NUTEK     0.85     0.55     -35%
SUDARSCHEM     480.00     310.00     -35%
HILTON     14.65     9.45     -35%
BILENERGY     1.06     0.68     -36%
EKC     31.50     20.30     -36%
PARACABLES     2.25     1.45     -36%
COMPUAGE     59.00     38.00     -36%
CHAMBLFERT     77.50     49.80     -36%
EIHOTEL     86.00     55.15     -36%
BSELINFRA     3.20     2.05     -36%
KICL     425.10     272.00     -36%
BANCOINDIA     63.75     40.75     -36%
SCI     63.00     40.25     -36%
JINDRILL     306.10     195.45     -36%
ADHUNIK     45.85     29.20     -36%
RADAAN     2.20     1.40     -36%
MCX     1306.65     830.60     -36%
JYOTISTRUC     42.80     27.20     -36%
BHAGWATIHO     78.05     49.50     -37%
INDORAMA     25.25     16.00     -37%
ESSARSHPNG     27.15     17.20     -37%
RICOAUTO     10.35     6.55     -37%
GANGOTRI     3.40     2.15     -37%
WINDMACHIN     16.00     10.10     -37%
JPPOWER     41.40     26.10     -37%
KGL     4.85     3.05     -37%
LOKESHMACH     36.50     22.95     -37%
TATAMETALI     68.20     42.85     -37%
WALCHANNAG     85.70     53.80     -37%
RCF     58.05     36.40     -37%
TULSYAN     42.15     26.40     -37%
EUROTEXIND     23.10     14.45     -37%
CONSOFINVT     49.20     30.75     -38%
LCCINFOTEC     0.40     0.25     -38%
SURANACORP     92.00     57.45     -38%
AHMEDFORGE     172.00     107.40     -38%
PIONEEREMB     9.80     6.10     -38%
KESARENT     41.50     25.80     -38%
ANSALAPI     35.65     22.15     -38%
MANUGRAPH     52.65     32.65     -38%
GUJNREDVR     13.95     8.65     -38%
KEI     17.50     10.85     -38%
HSIL     147.10     91.05     -38%
UFLEX     117.40     72.65     -38%
CLUTCHAUTO     28.50     17.60     -38%
TODAYS     4.05     2.50     -38%
JISLJALEQS     99.50     61.35     -38%
MANGALAM     10.15     6.25     -38%
KECL     29.00     17.85     -38%
SANGHVIMOV     109.50     67.15     -39%
ARCHIES     24.30     14.90     -39%
JISLDVREQS     48.50     29.65     -39%
NCC     54.45     33.20     -39%
HOTELEELA     33.10     20.15     -39%
EMCO     31.05     18.90     -39%
GSS     54.90     33.40     -39%
BAJAJHIND     31.15     18.95     -39%
SEAMECLTD     91.40     55.45     -39%
GANESHHOUC     115.75     70.15     -39%
NFL     73.45     44.50     -39%
ENGINERSIN     255.80     154.65     -40%
GUJRATGAS     397.05     239.85     -40%
ABAN     437.35     263.80     -40%
HMT     42.05     25.35     -40%
XPROINDIA     46.45     28.00     -40%
FOSECOIND     709.45     427.35     -40%
JVLAGRO     17.85     10.75     -40%
KALINDEE     77.15     46.45     -40%
HBLPOWER     15.65     9.40     -40%
NEPCMICON     3.00     1.80     -40%
POCHIRAJU     13.75     8.25     -40%
PTL     35.00     21.00     -40%
NATIONALUM     55.30     33.15     -40%
KANANIIND     28.88     17.30     -40%
RUBYMILLS     369.75     221.25     -40%
PHILIPCARB     108.15     64.65     -40%
IRB     189.85     113.45     -40%
TIMKEN     223.75     133.70     -40%
NIPPOBATRY     392.60     234.40     -40%
ROHLTD     49.30     29.40     -40%
ONMOBILE     59.70     35.60     -40%
UBHOLDINGS     67.05     39.90     -40%
VIPIND     102.50     60.80     -41%
JSL     79.95     47.40     -41%
ADANIPOWER     68.60     40.65     -41%
CORDSCABLE     30.55     18.10     -41%
GTNTEX     9.55     5.65     -41%
ALCHEM     75.10     44.35     -41%
NET4     163.65     96.60     -41%
MADRASFERT     20.20     11.90     -41%
LGBBROSLTD     309.20     182.15     -41%
AUTOAXLES     501.10     295.00     -41%
FEDDERLOYD     55.35     32.55     -41%
DELTACORP     69.90     41.10     -41%
NAVINFLUOR     360.50     211.95     -41%
HOCL     18.70     10.95     -41%
BODALCHEM     10.25     6.00     -41%
ARIES     77.05     45.10     -41%
MRO-TEK     10.00     5.85     -42%
BOC     479.55     279.45     -42%
STRTECH     40.20     23.30     -42%
ARCHIDPLY     10.80     6.25     -42%
ELFORGE     7.95     4.60     -42%
ABB     845.25     488.75     -42%
BEDMUTHA     18.25     10.55     -42%
LGBFORGE     2.70     1.55     -43%
TAKSHEEL     11.90     6.80     -43%
MANGTIMBER     22.85     13.05     -43%
MAHINDFORG     65.50     37.35     -43%
ROHITFERRO     31.35     17.85     -43%
INDOWIND     6.15     3.50     -43%
MAHSEAMLES     390.00     221.95     -43%
KAMATHOTEL     126.05     71.70     -43%
GUJFLUORO     526.95     299.40     -43%
ALKALI     30.60     17.35     -43%
THEMISMED     92.95     52.55     -43%
JAICORPLTD     89.60     50.45     -44%
UMESLTD     11.65     6.55     -44%
ALMONDZ     12.65     7.10     -44%
SAREGAMA     103.85     58.15     -44%
WELINV     32.00     17.80     -44%
INFOMEDIA     8.90     4.95     -44%
MEGASOFT     11.20     6.20     -45%
RELMEDIA     83.35     45.95     -45%
ASTEC     29.95     16.50     -45%
BGRENERGY     348.80     192.15     -45%
TVSSRICHAK     329.55     181.30     -45%
INDLMETER     49.95     27.45     -45%
NAGAROIL     5.55     3.05     -45%
LITL     18.85     10.30     -45%
AGRODUTCH     4.95     2.70     -45%
EMKAY     30.35     16.55     -45%
TRIGYN     12.75     6.95     -45%
SAKSOFT     62.75     34.20     -45%
IL&FSENGG     69.50     37.80     -46%
JAYNECOIND     17.05     9.25     -46%
VALUEIND     14.50     7.85     -46%
SERVALL     4.90     2.65     -46%
SOFTTECHGR     3.70     2.00     -46%
UNITY     49.50     26.60     -46%
AUSTRAL     1.40     0.75     -46%
PATSPINLTD     8.40     4.50     -46%
CLASSIC     5.80     3.10     -47%
TARAPUR     16.10     8.60     -47%
AXIS-IT&T     84.90     45.35     -47%
TTML     14.70     7.85     -47%
GAYAPROJ     125.05     66.65     -47%
KFA     15.05     8.00     -47%
GKB     33.00     17.50     -47%
GISOLUTION     8.30     4.40     -47%
ZENITHCOMP     12.95     6.85     -47%
TECPRO     175.55     92.70     -47%
SINTEX     87.30     46.05     -47%
SUZLON     25.80     13.60     -47%
OMMETALS     29.65     15.60     -47%
APTECHT     80.15     42.15     -47%
CUBEXTUB     8.75     4.60     -47%
METKORE     15.55     8.15     -48%
SURYAJYOTI     18.70     9.80     -48%
STCINDIA     260.00     136.20     -48%
MELSTAR     5.75     3.00     -48%
PATELENG     108.85     56.75     -48%
HCC     26.20     13.65     -48%
ALPHAGEO     60.05     31.20     -48%
INDTERRAIN     69.30     36.00     -48%
PSL     59.70     30.95     -48%
CAREERP     210.15     108.85     -48%
GVKPIL     17.70     9.15     -48%
HALONIX     56.30     29.05     -48%
STARPAPER     16.30     8.40     -48%
VISUINTL     1.65     0.85     -48%
BINDALAGRO     37.65     19.35     -49%
RANKLIN     7.30     3.75     -49%
MERCATOR     25.60     13.10     -49%
ESTER     20.35     10.40     -49%
CENTEXT     2.35     1.20     -49%
GAMMONIND     45.30     23.05     -49%
NATHSEED     7.00     3.55     -49%
ELECON     60.90     30.75     -50%
SANGHVIFOR     49.20     24.80     -50%
BIRLAPOWER     0.50     0.25     -50%
BLUECHIP     0.90     0.45     -50%
IBPOW     16.55     8.25     -50%
LOGIXMICRO     18.50     9.20     -50%
SPMLINFRA     87.60     43.50     -50%
KERNEX     61.30     30.40     -50%
INDOSOLAR     5.15     2.55     -50%
HIRAFERRO     30.00     14.85     -51%
EASTSILK     3.95     1.95     -51%
HITECHGEAR     144.75     71.20     -51%
EMPEESUG     11.70     5.75     -51%
SPENTEX     7.15     3.50     -51%
VASWANI     8.00     3.90     -51%
INDSWFTLAB     92.30     44.95     -51%
TIL     285.45     138.55     -51%
ENTEGRA     9.60     4.65     -52%
DEEPIND     64.75     31.35     -52%
PLETHICO     340.50     164.70     -52%
JINDALSAW     169.80     82.10     -52%
PPAP     71.10     34.25     -52%
JUMBO     13.40     6.45     -52%
XLENERGY     5.30     2.55     -52%
GSLNOVA     2.50     1.20     -52%
RKFORGE     144.30     69.15     -52%
AMTEKAUTO     134.10     64.15     -52%
ANKURDRUGS     15.95     7.55     -53%
IMPEXFERRO     7.30     3.45     -53%
TWL     351.20     165.45     -53%
SIMPLEXINF     243.10     114.40     -53%
BFUTILITIE     408.90     192.30     -53%
JCTEL     0.75     0.35     -53%
TRF     305.35     142.25     -53%
TRIL     165.05     76.60     -54%
ORBITCORP     55.35     25.55     -54%
EUROMULTI     5.20     2.40     -54%
SAHPETRO     33.65     15.50     -54%
KAVVERITEL     172.70     78.85     -54%
RBN     54.65     24.90     -54%
CELEBRITY     5.05     2.30     -54%
PRAJIND     80.45     36.55     -55%
ONELIFECAP     322.55     145.75     -55%
CELESTIAL     21.80     9.85     -55%
MIRCELECTR     14.65     6.60     -55%
CEBBCO     65.60     29.55     -55%
BROADCAST     9.80     4.40     -55%
CMAHENDRA     160.65     72.10     -55%
GOKEX     83.10     37.25     -55%
FIRSTWIN     13.75     6.15     -55%
ENERGYDEV     33.30     14.85     -55%
MALWACOTT     21.00     9.35     -55%
FCSSOFT     0.45     0.20     -56%
VARUNSHIP     18.95     8.40     -56%
TANLA     7.15     3.15     -56%
HINDOILEXP     119.00     52.20     -56%
AFTEK     11.20     4.90     -56%
BHARTISHIP     81.45     35.35     -57%
FMNL     30.00     13.00     -57%
ADSL     23.80     10.30     -57%
MONNETISPA     465.10     199.60     -57%
GLORY     3.05     1.30     -57%
PAEL     18.70     7.95     -57%
SUBEX     25.50     10.70     -58%
CALSOFT     16.35     6.85     -58%
SMPL     4.30     1.80     -58%
KRISHNAENG     2.40     1.00     -58%
SALSTEEL     5.05     2.10     -58%
ACROPETAL     14.15     5.85     -59%
DQE     26.15     10.65     -59%
STERLINBIO     10.45     4.25     -59%
SURANAIND     209.60     84.90     -59%
SUDAR     68.40     27.70     -60%
ZENITHINFO     39.10     15.70     -60%
SMOBILITY     67.35     27.00     -60%
PITTILAM     84.75     33.65     -60%
ALOKTEXT     20.70     8.20     -60%
MIC     8.80     3.45     -61%
NIITLTD     52.80     20.65     -61%
ORIENTALTL     6.65     2.60     -61%
HORIZONINF     231.70     89.65     -61%
ISMTLTD     26.60     10.25     -61%
MURLIIND     22.80     8.75     -62%
WELPROJ     31.95     12.25     -62%
MADHUCON     56.75     21.50     -62%
CIMMCO     61.00     23.00     -62%
KOUTONS     13.15     4.95     -62%
NICCO     1.60     0.60     -63%
HINDDORROL     37.45     13.95     -63%
GEINDSYS     123.70     46.00     -63%
RMCL     5.25     1.95     -63%
WELCORP     136.10     50.35     -63%
ACE     31.90     11.75     -63%
AUTOIND     172.95     62.70     -64%
MVLIND     9.05     3.20     -65%
WEBELSOLAR     19.70     6.90     -65%
CANDC     88.10     30.65     -65%
ELECTHERM     60.70     21.05     -65%
3IINFOTECH     16.15     5.55     -66%
GTL     43.25     14.85     -66%
HINDCOPPER     271.30     92.50     -66%
JHS     44.10     14.95     -66%
SHREEASHTA     3.70     1.25     -66%
IITL     242.20     81.70     -66%
ICSA     18.55     6.25     -66%
HCIL     38.45     12.95     -66%
MICROTECH     88.93     29.95     -66%
JUBLINDS     305.50     102.70     -66%
KILITCH     61.25     20.20     -67%
BRANDHOUSE     12.45     4.10     -67%
ORCHIDCHEM     191.85     62.65     -67%
AHLUCONT     68.45     22.30     -67%
PRIMESECU     13.20     4.30     -67%
EDUCOMP     199.55     62.80     -69%
PETRONENGG     242.95     74.20     -69%
ASTRAZEN     2146.65     650.10     -70%
RAMSARUP     6.80     2.05     -70%
OPTOCIRCUI     199.30     59.95     -70%
NITCO     40.40     11.95     -70%
CURATECH     50.00     14.65     -71%
CREWBOS     28.95     8.40     -71%
QUINTEGRA     2.45     0.70     -71%
SIMPLEX     83.25     23.55     -72%
ATNINTER     0.90     0.25     -72%
IVRCLINFRA     69.60     19.25     -72%
SUJANATOW     8.35     2.30     -72%
KSOILS     8.05     2.20     -73%
NCOPPER     13.00     3.50     -73%
INDSWFTLTD     26.75     7.20     -73%
ARSSINFRA     110.30     29.05     -74%
MOSERBAER     16.95     4.45     -74%
GTLINFRA     10.30     2.65     -74%
BARTRONICS     36.25     9.15     -75%
RAMKY     219.90     55.50     -75%
GOKUL     77.75     19.55     -75%
MMTC     793.35     198.45     -75%
SPECTACLE     3.65     0.90     -75%
SELMCL     12.05     2.95     -76%
TEXMOPIPES     21.55     5.25     -76%
SKUMARSYNF     34.10     8.25     -76%
JINDCOT     61.15     14.75     -76%
AANJANEYA     560.70     133.55     -76%
BEML     621.55     146.95     -76%
MVL     8.15     1.85     -77%
SHIV-VANI     174.80     39.25     -78%
MARG     87.30     19.40     -78%
GRAVITA     137.20     30.10     -78%
AQUA     12.95     2.80     -78%
PARABDRUGS     29.90     6.35     -79%
EVERONN     265.35     54.70     -79%
REISIXTEN     11.75     2.40     -80%
JIKIND     4.70     0.95     -80%
PARAPRINT     6.20     1.25     -80%
RUSHIL     211.95     42.20     -80%
JAIHINDPRO     105.50     20.70     -80%
SHLAKSHMI     146.40     28.60     -80%
GEODESIC     50.80     9.55     -81%
COREEDUTEC     279.40     51.35     -82%
EDSERV     28.90     4.95     -83%
A2ZMES     116.75     19.15     -84%
RAJOIL     12.90     2.10     -84%
TWILITAKA     38.50     5.75     -85%
SUJANAUNI     4.05     0.60     -85%
VARUN     79.00     11.45     -86%
ZYLOG     313.10     43.65     -86%
TRICOM     11.10     1.50     -86%
ARSHIYA     144.00     19.00     -87%
SPANCO     81.40     9.75     -88%
BILPOWER     34.95     3.85     -89%
ORIENTPPR     58.95     6.25     -89%
GEMINI     22.10     2.15     -90%
AMAR     153.05     14.70     -90%
TULIP     92.15     8.70     -91%
KEMROCK     486.05     44.70     -91%
PRADIP     75.10     6.75     -91%
CRESTANI     44.05     3.55     -92%
INVENTURE     78.88     5.10     -94%
GLODYNE     362.80     11.00     -97%                       

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What is Life - EMIN∃M

Life.. by Marshall Mathers

What is life?

Life is like a big obstacle

put in front of your optical to slow you down

And everytime you think you gotten past it

it's gonna come back around and tackle you to the damn ground

Warning: Uncensored full song lyrics ahead..

Life.. by Marshall Mathers

What is life?

Life is like a big obstacle

put in front of your optical to slow you down

And everytime you think you gotten past it

it's gonna come back around and tackle you to the damn ground

..
..
..
..

What is money?

Money is what makes a man act funny

Money is the root of all evil

Money'll make them same friends come back around

swearing that they was always down

What is life?

I'm tired of life

I'm tired of backstabbing ass snakes with friendly grins

I'm tired of committing so many sins

Tired of always giving in when this bottle of Henny wins

Tired of never having any ends

Tired of having skinny friends hooked on crack and mini-thins

I'm tired of this DJ playing YOUR shit when he spins

Tired of not having a deal

Tired of having to deal with the bullshit without grabbing the steel

Tired of drowning in my sorrow

Tired of having to borrow a dollar for gas to start my Monte Carlo

I'm tired of motherfuckers spraying shit and dartin off

I'm tired of jobs startin off at five fifty an hour

then this boss wanders why I'm smartin off

I'm tired of being fired everytime I fart and cough

Tired of having to work as a gas station clerk

for this jerk breathing down my neck driving me bezerk

I'm tired of using plastic silverware

Tired of working in Building Square

Tired of not being a millionaire

..

..

..

..

..

..

I'm tired of being white trash, broke and always poor

Tired of taking pop bottles back to the party store

I'm tired of not having a phone

Tired of not having a home to have one in if I did have it on

Tired of not driving a BM

Tired of not working at GM, tired of wanting to be him

Tired of not sleeping without a Tylenol PM

Tired of not performing in a packed coliseum

Tired of not being on tour

Tired of fucking the same blonde whore after work

in the back of a Contour

I'm tired of faking knots with a stack of ones

Having a lack of funds and resorting back to guns

Tired of being stared at

I'm tired of wearing the same damn Nike Air hat

Tired of stepping in clubs wearing the same pair of Lugz

Tired of people saying they're tired of hearing me rap about drugs

Tired of other rappers who ain't bringin half the skill as me

saying they wasn't feeling me on "Nobody's As Ill As Me"

I'm tired of radio stations telling fibs

Tired of J-L-B saying "Where Hip-Hop Lives"

..

..

..

..

..

..

..

You know what I'm saying?

I'm tired of all of this bullshit

Telling me to be positive

How'm I 'sposed to be positive when I don't see shit positive?

Know what I'm sayin?

I rap about shit around me, shit I see

Know what I'm sayin? Right now I'm tired of everything

Tired of all this player hating that's going on in my own city

Can't get no airplay, you know what I'm sayin?

But ey, it's cool though, you know what I'm sayin?

Just fed up

That's my word

for complete lyrics

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Ten Basic Rules of Stock Trading

I believe just this kind of listed rules is not good to follow. There is a heirarchy for rules. For money management, trade management, filtering stock lists and loss management. After these some more rules for emotional management. Separating that way will make a good foundation for every trader/investor.

One simple but very crucial rule is to pay ultra caution to a position for which you have huge exposure. If your exposure is not much to the market or a particular stock, let it swing as much as it can. This is very important and should be integral part of your trading psyche. Once you master this one, the below ones will show their positive effect.

Ten basic rules of stock trading:

1. Always follow stop losses. 3%, 5% or 20% or 40% based on your strategy. Never let a fast moving stock get past the loss limit. If you keep thinking, you will be made to wait longer before a recovery if there were any and the longer you wait for recover, the longer you will be expected to wait. So be early, the loss is just a number. But the loss of time is real –ve number. Just like unexpected loss, believe that unexpected profits too come.
2. Don’t buy on dips
3. Never do averaging down
4. Average up as the stock trends upwards
5. Always avoid stocks at all time lows (or those that have fallen a lot)
6. Avoid stocks that have fallen below moving average and off by 30% or more from recent highs (unless the stock starts moving up fast)
7. Follow the pace of the trend. Uptrending stocks should move fast up. It doesn’t matter if it happens rare but we should wait as long as the stock doesn’t move down by a big % in a single day. We wait tolerating daily little % moves up/down/concurrent till it makes a single day big % gain. The idea is to never miss these big +ve days and always avoid big –ve days even if it means to exit a good stock. It doesn’t matter if it goes up or down afterwards. This is the logic of the stock market. You can certainly avoid big drawdowns, if you always quit stocks that go down badly (big –ve %) in a single day.
8. Always stick to stocks that are at all time high. This is another logic of stock market. How would you see a stock in its early days of uptrend before you know that has gone up to greatest heights? Every time it goes up it keeps making new highs and it looks like it is at all time highs. History is made after the fact. But a stock trader doesn’t gain anything after the events, but only journalists, news websites and Moneycontrol/TV18 does. A stock trader takes chances while the situation is developing. A journalist’s goal is to capture an event without becoming a part of it. But a stock trader’s goal is to capture an event by becoming a part of it. You participate in one big event and you get to talk about it for the rest of your life.
9. Don’t do second-guessing after the events happened. Losses and missed opportunities cause lot more pain that goes over and above the compensating experience of +ve trades. This happens because of second guessing. We keep thinking if I didn’t do that, if I sold it there, if only I avoided buying there etc. The only way to get over this is to convince yourself what you did could not be avoided as per your strategy. There is no way one can do well in all situations, unless you are a superman or are on NZT. So get over second-guessing and move on to next good bets.
10. No matter what kind of market you face any time, always keep your commitment to trading with all above rules in mind. You do not need to give much of dedication but the commitment to act when the time comes, the time windows can even be very short for you to take decisions, so be committed to be on alert. It won’t cost your time. If you avoid second-guessing you will also not get mental fatigue. Always keep in mind that once you get into a lucky streak, there will be no looking back.

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My Second Quarter Trading (Q2FY12-13) and Some Lessons from It

I had a dramatic stock trading cum investing experience in the last quarter (Q2Fy12-13). I haven’t traded in more stocks than in Q1 but ended up with more sale transactions and the buy-above-high-and-sell-for-stop-loss trades, that pushed me down in the first month itself. Those trades costed 1300 in losses and more than 300 in nsdl charges (each sale transaction has a fixed nsdl charge, so it is better to sell all in one go when trading low quantities). In between there was annual maintenance charge for Sharekhan. Not sure how that is deducted. Lets assume it is approximately 400. Nevermind, all these fixed charges don't scale if the capital is scaled.

Looking at the transaction report till date (its hard to separate q2 alone now, I haven’t hired an accountant :) ), my gains before fixed costs stand at 3093.48. Apart from the above mentioned fixed charges, some money went somewhere. Those could be more fixed charges which would be insignificant as capital grows to higher levels in the coming quarters. So I didn’t yet check them out. May be these all eventually make the case for hiring an accountant. Let us see.

Note: Recently a friend pointed out the low value of capital in my trading. Well, once upon a time, I traded what could be considered a lot of capital by my friends at work. I thought about starting where I stopped, but the more I thought, the more I realized that once you take a break from trading, you should not start with the same capital that you paused at. You need to get back on track by following systematic investment plan and scale capital as profits grow. Note that in all Ponzi schemes it is the early birds that gain the most. But that doesn't mean if you start now you are going to be the bottom of the pyramid. When you can't tell if it is the end or the middle, you should take on a systematic scaling plan. Scale your exposure based on your recurring tolerance of loss as well as increasing profits. The recurring tolerance of loss is suited for jobbers who get steady income which is not a privilege of full time traders. However for any trader, the systematic scaling strategy (getting back to business) is to increase exposure only when profit increases, step by step. This ensures in case you were starting at the top of the bull market, you don't get caught by a bloody surprise. Blood baths don't happen all the time in the market but when they do - there's no need to talk about it (2008 showed what it was).

Meanwhile, the real profit based on incoming and outgoing flow of cash, is lesser than the larger figure above. It stood at 1239 for the combined quarters or till date. Discounting net gain of last quarter 989, it is about 250. I wish I could show better. But there are no ways to cook books here. Atleast I showed bigger figure in the previous paragraph. Of course that’s one way to cook. I don’t have stakeholders or shareholders here, that’s why I comfortably share this third paragraph. However one should note that this is small profit because of fixed costs. As the capital scales, the larger profit (3093) is scalable and at one point is the real profit (as the fixed costs become insignificant).

Average capital for the quarter was 50k, 150% up from last quarter :). The capital infusion rate per quarter remains the same as per my systematic investment plan. It is going to experience some dramatic jumps in the future as per my unsystematic investment plans but it won't immediately go into stocks. Or may be not as I rethinking about unsystematic plans to convert into systematic. Also percentage-wise Q2 net gain doesn’t make much of a story. Also I haven’t bothered to separate the stocks traded in this quarter, so no relative comparison table. Those are the not the important things anyway, so lets move on to important stuff.



The Distribution of Gains

There is no better way to evaluate a stock trader than plotting the distribution of his/her gains vs. their frequency. I have plotted below my distribution graph for the two quarters combined.

There were lots of losses around 250. That’s the black body of the last quarter experience. As July progressed, the bull market that started with the second bottom of June continued into the second quarter. From my earlier experiences, I felt the urge to increase the exposure as the market continued the uptrend. Only the scaling strategy was wrong. There was still more to learn about trading and the markets (broader and inner). It wasn’t too many trades, just few. But I wasn’t clear about my strategy yet.

My gains in the first quarter were dominated and predominantly determined by one stock - Varun Industries. The strategy there was bottom fishing. You can only bottom fish before the bottom happens. Once market went into uptrend, the opportunities are gone. Then I went onto new high stocks. You just can’t shift so fast between strategies. It needs skill. Skill to identify the really strong ones from those that are just moving up because of the broader market winds. The rest of the quarter revolved around changing my strategy dramatically from bottom fishing to the best strategy I followed till date (I did that in 2007 too) and finding the best ways to filter the stocks to trade for the chosen strategy.

In between I got introduced to reading books by Nassim Nicholas Taleb, the hero of randomness. His books Fooled by Randomness and The Black Swan, are very intellectually entertaining. When I say they are amazing, you can bet on their face value. There are no coincidences in life. Its all random. Random doesn’t mean chaos. Random because it is beyond our capacity to predetermine the entire sequence of outcomes. Well, the world is the way it is. We try to think we understand it, but we don’t. It is what it is. It may be multidimensional and non-orderly world. But we try to map it onto one dimension and make it simple and try to find order. These books have given me the perspective I needed for a long time.

I had eventually switched from bottom fishing strategy to pyramiding strategy. Stopped watching stocks that are going down to hell and started watching stocks that are going up to heaven. I found the statistical justification for the latter and practical justification for the former. Now my strategy has become more robust. I also understood the reality of non-linear gains. Earlier I perceived the market to have randomness of Gaussian distribution, but my perception now switched to randomness of Mandelbrotian distribution which is more realistic for the today’s world. However I could see that on a lower scale, like intra-day trading, one could still distribute one’s gains to Gaussian distribution with positive mean. However if you remember what I have written in last quarter report, I wasn’t trying just to get a shifted Gaussian distribution but rather a Mandelbrotian distribution which has most significant gains on the extreme right and all insignificant ones scattered anywhere around the center. Well, actually its not exactly that distribution but a one sided version of it (+ve sided). Of course, I am open for further evolution of my strategies and distributions as time passes. But only for evolution, not for change. Change is like a circle - merry-go-round, evolution is like a spiral, each time you make a round you arrive at a new level.

The distribution, however doesn’t look as good, having booked single largest loss from a stock so far. It was 675 in Varun. I had to end it up with a loss because I just couldn’t know its upper limit on profit. Its more likely to continue downtrend. But things got better by the end of the quarter by following the new strategy and buying into Shasunphar and Bergepaints and few insignificant others. The gains have merely shifted from one stock to another. As we are already in the middle of the 3rd quarter (sorry for the delay in getting Q2 report out), I could tell that those gains too are merely shifting from Shasunphar to other stocks. I am out of Bergepaint though with a little gain. This way, I would be booking losses most of the time, so hopefully I might not have to file these in my ITR again, unless losses are too large and I want to take the benefit of offsetting them against future gains.



On MC Tracker

This is how my portfolio looks on moneycontrol tracker as on the first trading day of this quarter. My greatest profit was in one stock that had also gained most in %. In between you would notice Atul with 15% which is a side effect of trying a short term trading strategy on 52 week high stocks. I will write about the details of strategies later. I got a bit of surge to scale up the position in Bergepaints too early before it proved its hold-worthyness. That was a classic mistake, though it wasn't costly. However I am now seriously continuing with my strategy. I still see the effects of broader market winds on the elasticity of trends in individual stocks and sector rotations and all kinds of strange things that keep happening randomly in the stock market. Random because I don’t have the capacity (nor tried) to determine its order. The overall gain looks too positive because unlike the first picture from Sharekhan, it doesn’t show the closed trades.

From here on my performance wouldn’t be based on net gains as they are very much influenced by the continuation of the trending stocks which in turn are influenced by the sector or broader market winds. Hence my goal is to focus on getting the distribution right without getting let down by the rare and significant negative events. After a pair of rare and significant positive & negative (in any order) events happen, then you can see the true score.

This quarter I have taken some very good lessons. I have to correct some of the last quarter ones as well. But I feel too lazy for that now. I will continue that in the next post that will come soon.

Update from Q3 (time travel): Things are looking better in Q3. Also I discovered some new effects of my systematic pyramiding strategy that I myself hadn't expected.

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My First Quarter Trading (Q1FY12-13) and 12 Lessons from It

I had a modest stock trading experience in the last quarter (Q1Fy12-13). It had been a long time since I had such number of trades in a quarter. Overall from 1^st April till 30-June I have traded in 16 stocks (including few stocks for intra-day trading experience in the previous post) and an option trade which is solely meant as a test to determine the brokerage rate and see how options expire worthless. That was painful though, especially because I was trading on a small capital and few hundreds of loss for option testing is equivalent to few percentage points loss on the total capital. But nothing beats the practical experience as it would give you the perspective you need for your own method of trading.

I have ended the quarter with a realized loss of 142 rupees and unrealized gain of 1879 rupees. I have discounted option trading loss and few brokerage and nsdl charges which probably would take it to another 700 or 800 rupees of loss. I have discounted these as they would be negligible for a larger trading capital of 5 or more times the current capital used. Nevertheless net gain is definitely affected. Based on difference of balances (in and out flow of money), the net gain stands at 989 only :)

Anyway that’s not bad considering the quarter itself. Below picture shows the detail of performance in 16 individual stocks traded and the one after that shows the values of NIFTY (stock index) and the 16 stocks as on 1-April and 30-June to get an idea of the change in them during the quarter.

Relative to the Stock Index which is a good indicator of most of the market wealth, my performance is much better. I have started with 10k in April and kept adding 10k in subsequent months. On average it is 20k. So the average gain in my portfolio is like 4.9% compared to NIFTY’s -0.3%.

The average of the changes in individuals stocks together during the same period is -12.4%. This value is highly dependent on the stocks being picked. As you see there are 3 stocks that did extremely well during the quarter while there were 5 stocks that did extremely bad. I made losses in 2 of those good 3 stocks and major gain was from one of those bad 5.

An interesting picture emerges when we look at distribution of profits and losses through the whole quarter of trading. As can be seen from below, profits are skewed to the right with one of them being the odd one at the far right. While the most of them are like noise around zero canceling each other, the odd ones at the right are the ones that determine our net gains. By hindsight, it can sound like so many stocks being traded when just one could’ve been enough to make the same amount of gain as the net gain. But it is not so straight-forward like in engineering. What looks like a good stock (Bergepaint, BataIndia etc.) gave me losses, while the bad one (Varun, SUZLON) gave me profits.

Although I have deterred from my arbitrarily set plan for trading, I feel that I am getting to the mindset required for trading as well as investing into stocks for varying time periods. Sitting through painful periods in some stocks like VARUN and ARSSINFRA and then sitting tight through their momentous rises reminded the good old days of 2007/8. The difference is the experience of cyclical market trends.

For the upcoming quarters, I am taking below lessons for trading:

1. Trade only through discount brokerage firm so that stop loss can practically be applied to minimize losses early on.
2. Don’t hold stocks for too many days when daily lows are falling consecutively. Bergepaint was a silly loss.
3. Don’t swing between expectations of the trade. While experiencing more than 5% loss in Bergepaint, I was fluctuating between taking stop loss vs. surviving the pain as the capital is anyway small.
4. Take profits for atleast a fraction of the holdings when expected target is met. I should’ve done this on Varun to sell 100 when it crossed 40. At 42, I almost went up to place the sell order but then I changed mind as if I was trading a fundamentally strong stock which will bounce back quickly if it falls off its highest price.
5. Study charts of atleast those stocks which are recently traded or held in portfolio and those in watchlist. I missed the momentous move in Ajantpharm because I wasn’t looking at charts.
6. Position management is the most important part of the trading process. Once we enter a trade, all that matters to us is the result of the trade when we exit it. We close our mind for everything else. This is a hard to overcome survival instinct and requires discipline and can be learned through practice. I can say that most of my trading performance is attributable to position management than stock selection or timing.
7. DOT – Do not OverTrade. Overtrading is trading on margin (excessive margin) or trading leveraged through debt or derivatives. Most of the trading careers end because of overtrading. While it always feels good to recalculate what would be the potential gains if I had used 20x times the capital, the expiry dates, margin calls and other factors would not allow us to do effective position management under monetary pressures.
8. I wouldn’t like to diversify. But the reason I have not used my full capital on any single trade is because it is akin to overtrading especially when I have just started first time after a long time. Though it appears to be diversification, all I have done is capital allocation per trade based on risk I am willing to take. I sure can take huge risk if the reward is good (like in Varun) but still I didn’t. Because I may not be comfortable handling the same kind of percentages if my capital were 100x of the present.
9. Be more active in trading. I am coming to the conclusion that though there are plenty of opportunities in the stock market (stock market is the amalgamation of all kinds of businesses), there are practical limitations to realizing or squeezing most of the potential returns. One of those is the activity rate of the individual trader. Alternatively one would think of overtrading on few stocks infrequently. But the risk involved and the lost time in waiting before entering the trades is not worth the alternative. With 7 & 8 applied, the potential returns from the market are greatly reduced. Though it still looks better than saving in surefire markets like debt/FDs/Bonds (depending on trading distribution), it is still not the best of what the market can give. Hence one should get active in trading, which of course leads to next lesson.
10. Find next good bets. Of late, I do not like the term bet. However, one should always be on the lookout for next good entries into stocks already being traded, held or prospected or yet to be discovered. This also means one should track market statistics, explore economy and industry news (I am not there yet), use proprietary scanning programs, etc.
11. Avoid stocks with large spreads and low floats. I used to like stocks like Varun that give 100% kind of returns just from a dead cat bounce trade. But I was able to learn about how volume plays in these stocks because of the large spreads and low floats. Low float implies less number of market participants. A single institutional investor would move the stock all the time. So whatever he/she decides to trade the stock at, will be the best price we can enter or exit. Rest of the time these stocks will be difficult to enter or exit as they get to the circuit limits without matching orders. Also large spread stocks are difficult to exit on stop loss if the trade fails. That results in more loss than anticipate. On a rapid fall, the stop loss may be triggered but may get skipped past. This requires little more effort than looking at market statistics and stock charts. That which is finding out their float percentage (can be done after-hours) and finding spread gaps between orders in Level 2 quotes which can be done only during market hours. Make a list of your chosen stocks in all MidCap and good part of SmallCap segment and keep checking their spreads during market hours and sort them. Also note that spreads can vary with time just as volume does.
12. Trade on momentum. A trader with good position management skills will most often ensure that he/she trades a stock through atleast one momentum period, it is not enough to patiently sit through tough times if one wants to make the most out of the stock market opportunities. Hence one should constantly look for momentum trading opportunities. Those high percentage trading opportunities that last from few days to few weeks. Don’t be patient when trading on momentum. Exit on the signs of fading momentum or lack of momentum.

That’s all for this quarter. I don’t think I will be able to share so much of data in the coming quarters as I won’t find time nor comfort as the capital increases and trading activity reduces free time to make this much detailed posts.

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