ET 500: New entrants, gainers and losers
The ET 500 list continues to evolve every year with the entry and exit of some companies, a select few moving faster than the others and climbing up the ranks even as others lose ground
The ET 500 list continues to evolve every year with the entry and exit of some companies, a select few moving faster than the others and climbing up the ranks even as others lose ground.
NEW ENTRANTS
There are 42 companies in the 2012 list which were not featured last year. Due to a change in the methodology of treating trading companies, six companies from the gems and jewellery sector have secured berths in the ET 500 ranking. Shree Ganesh JewelleryBSE 0.59 %became the top new entrant in the list with a ranking of 103.
GTL Infra just about managed to enter the club as the company was able to grow its revenue by 40% to Rs 1,407 crore. Increasing tele-density helped the telecom tower company.
GAINERS
Manappuram FinanceBSE 1.12 % turned out to be the biggest gainer, vaulting to 292. The company greatly benefitted from the rise in gold prices to mark a 140% jump in its revenues. Force MotorsBSE 0.47 % saw the second-biggest gain improving by 145 positions on the back of an expanding portfolio and its entry into segments like LCVs and SUVs.
Similarly, commissioning of projects in the power and port businesses helped the three Adani groupcompanies - Adani Ports, Adani PowerBSE 1.25 %and Adani EnterprisesBSE 0.89 % - to gallop ahead in the ET 500 ranking.
When it comes to the Top 10, Coal IndiaBSE 1.20 %made a forceful entry at the 9th position edging out HindalcoBSE 1.26 % from the elite group.
LOSERS
Zuari Global was the biggest loser as it slid from 97 to 381 on completion of its restructuring exercise as part of which its fertilizer business was housed in a new entity - Zuari Holdings.
BioconBSE -0.02 %, a leading pharmaceutical company, tumbled to the 343rd rank due to a decline in licensing income and cancellation of a deal with PfizerBSE 0.13 %. High interest rates led to a slowdown in the investment cycle and the capital goods sector had to bear the brunt of this. Twenty-one companies from the sector saw a fall in their rankings.
EXIT ROUTE
Sujana Universe, which was ranked 230 in the FY11 list, was the highest-ranked company to make an exit due to a change in the methodology of identifying trading companies this year.
There are 42 companies in the 2012 list which were not featured last year. Due to a change in the methodology of treating trading companies, six companies from the gems and jewellery sector have secured berths in the ET 500 ranking. Shree Ganesh JewelleryBSE 0.59 %became the top new entrant in the list with a ranking of 103.
GTL Infra just about managed to enter the club as the company was able to grow its revenue by 40% to Rs 1,407 crore. Increasing tele-density helped the telecom tower company.
GAINERS
Manappuram FinanceBSE 1.12 % turned out to be the biggest gainer, vaulting to 292. The company greatly benefitted from the rise in gold prices to mark a 140% jump in its revenues. Force MotorsBSE 0.47 % saw the second-biggest gain improving by 145 positions on the back of an expanding portfolio and its entry into segments like LCVs and SUVs.
Similarly, commissioning of projects in the power and port businesses helped the three Adani groupcompanies - Adani Ports, Adani PowerBSE 1.25 %and Adani EnterprisesBSE 0.89 % - to gallop ahead in the ET 500 ranking.
When it comes to the Top 10, Coal IndiaBSE 1.20 %made a forceful entry at the 9th position edging out HindalcoBSE 1.26 % from the elite group.
LOSERS
Zuari Global was the biggest loser as it slid from 97 to 381 on completion of its restructuring exercise as part of which its fertilizer business was housed in a new entity - Zuari Holdings.
BioconBSE -0.02 %, a leading pharmaceutical company, tumbled to the 343rd rank due to a decline in licensing income and cancellation of a deal with PfizerBSE 0.13 %. High interest rates led to a slowdown in the investment cycle and the capital goods sector had to bear the brunt of this. Twenty-one companies from the sector saw a fall in their rankings.
EXIT ROUTE
Sujana Universe, which was ranked 230 in the FY11 list, was the highest-ranked company to make an exit due to a change in the methodology of identifying trading companies this year.
The ET 500 list continues to evolve every year with the entry and exit of some companies, a select few moving faster than the others and climbing up the ranks even as others lose ground.
NEW ENTRANTS
There are 42 companies in the 2012 list which were not featured last year. Due to a change in the methodology of treating trading companies, six companies from the gems and jewellery sector have secured berths in the ET 500 ranking. Shree Ganesh JewelleryBSE 0.59 %became the top new entrant in the list with a ranking of 103.
GTL Infra just about managed to enter the club as the company was able to grow its revenue by 40% to Rs 1,407 crore. Increasing tele-density helped the telecom tower company.
GAINERS
Manappuram FinanceBSE 1.12 % turned out to be the biggest gainer, vaulting to 292. The company greatly benefitted from the rise in gold prices to mark a 140% jump in its revenues. Force MotorsBSE 0.47 % saw the second-biggest gain improving by 145 positions on the back of an expanding portfolio and its entry into segments like LCVs and SUVs.
Similarly, commissioning of projects in the power and port businesses helped the three Adani groupcompanies - Adani Ports, Adani PowerBSE 1.25 %and Adani EnterprisesBSE 0.89 % - to gallop ahead in the ET 500 ranking.
When it comes to the Top 10, Coal IndiaBSE 1.20 %made a forceful entry at the 9th position edging out HindalcoBSE 1.26 % from the elite group.
LOSERS
Zuari Global was the biggest loser as it slid from 97 to 381 on completion of its restructuring exercise as part of which its fertilizer business was housed in a new entity - Zuari Holdings.
BioconBSE -0.02 %, a leading pharmaceutical company, tumbled to the 343rd rank due to a decline in licensing income and cancellation of a deal with PfizerBSE 0.13 %. High interest rates led to a slowdown in the investment cycle and the capital goods sector had to bear the brunt of this. Twenty-one companies from the sector saw a fall in their rankings.
EXIT ROUTE
Sujana Universe, which was ranked 230 in the FY11 list, was the highest-ranked company to make an exit due to a change in the methodology of identifying trading companies this year.
There are 42 companies in the 2012 list which were not featured last year. Due to a change in the methodology of treating trading companies, six companies from the gems and jewellery sector have secured berths in the ET 500 ranking. Shree Ganesh JewelleryBSE 0.59 %became the top new entrant in the list with a ranking of 103.
GTL Infra just about managed to enter the club as the company was able to grow its revenue by 40% to Rs 1,407 crore. Increasing tele-density helped the telecom tower company.
GAINERS
Manappuram FinanceBSE 1.12 % turned out to be the biggest gainer, vaulting to 292. The company greatly benefitted from the rise in gold prices to mark a 140% jump in its revenues. Force MotorsBSE 0.47 % saw the second-biggest gain improving by 145 positions on the back of an expanding portfolio and its entry into segments like LCVs and SUVs.
Similarly, commissioning of projects in the power and port businesses helped the three Adani groupcompanies - Adani Ports, Adani PowerBSE 1.25 %and Adani EnterprisesBSE 0.89 % - to gallop ahead in the ET 500 ranking.
When it comes to the Top 10, Coal IndiaBSE 1.20 %made a forceful entry at the 9th position edging out HindalcoBSE 1.26 % from the elite group.
LOSERS
Zuari Global was the biggest loser as it slid from 97 to 381 on completion of its restructuring exercise as part of which its fertilizer business was housed in a new entity - Zuari Holdings.
BioconBSE -0.02 %, a leading pharmaceutical company, tumbled to the 343rd rank due to a decline in licensing income and cancellation of a deal with PfizerBSE 0.13 %. High interest rates led to a slowdown in the investment cycle and the capital goods sector had to bear the brunt of this. Twenty-one companies from the sector saw a fall in their rankings.
EXIT ROUTE
Sujana Universe, which was ranked 230 in the FY11 list, was the highest-ranked company to make an exit due to a change in the methodology of identifying trading companies this year.
Source : GAURAV MODI,ET BUREAU
