The company made debut on the stock exchange in March 2006 with an opening market capitalization of Rs.35,000 crores. Market cap touched Rs.100,000 crores in Februrary 2007.
It made about Rs.4,800 profits in 2008-09. Then things changed.
With about Rs.45,000 crores cumulative put in by the equity owners in the company to date, the market value has come down to about Rs.13,000 crores.
Those who bought the stock at the peak in 2007 would have seen their worth eroded by a compounded rate of nearly 40% pa.
What next?
It made about Rs.4,800 profits in 2008-09. Then things changed.
With about Rs.45,000 crores cumulative put in by the equity owners in the company to date, the market value has come down to about Rs.13,000 crores.
Those who bought the stock at the peak in 2007 would have seen their worth eroded by a compounded rate of nearly 40% pa.
What next?
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