Crazy valuations

Do you know that at the peak of the market boom in 2008, DLF’s valuation was more than the sum total of all listed companies from the healthcare sector in India?

As per the Economic Times dated 9th January 2008, the market capitalisations were as under:

  • DLF Ltd – Rs. 1,96,160 cr
  • ET Lifex Stocks: Rs. 1,60,822 cr

In other words, all the shareholders together could buy the entire Healthcare sector by selling roughly 82% of their DLF stocks.

This was the time of euphoria for real estate stocks. What happened afterwards – as they say, “the rest is history”

#RidingTheRollerCoaster – 124

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s