Everyone remembers the bloodbath on Dalal Street in January 2008. But what panned out over the next one year was something which changed lives of many people who had the courage to take bets on great businesses.
It has now been almost 4 years since markets touched their bottoms in absolute terms (Sensex@8000) & rock bottoms in valuation terms (PE>12).
A few days back, a perennial Indian Bear (read Shankar Sharma) predicted that we might be heading towards 2008 lows. So just out of curiosity, we decided to analyse price performances of large cap companies (& a few smaller ones) since 2009. This exercise has no significance apart from the fact that it dispels the myth that only small and mid caps can give big returns in short term.
We have nothing more to add except that please do focus on numbers in Light-Red-Colored Absolute Returns column of the table.
The figures (in %) are free of typos, i.e. there are no errors in calculations.
We hope you got the hint 🙂
Note – CMP figures as of April 5, 2013
Disclaimer – Long term positions in few stocks mentioned in this post.