Outperformers / Underperformers

Let us again compare how the broader market has done recently. Since this rally began in March, Nifty has gained 37%. The top chart shows that 53% stocks have outperformed the Nifty - a healthy sign - while 47% stocks have underperformed. In the chart below, we again do the same comparison but the base date is changed to October 27, 2008. Here 26% stocks have outperformed the Nifty, which is a slight improvement with the previous figure.

Ok, now there are 25% stocks which are trading below their October 27 close. If we substract this figure from the 74% below, it means 49% stocks have gained anything between 1% to 41%. (Nifty has gained 42% since October '08). I think these stats are fair enough to live with and as we go ahead these figures are likely to improve.