AHMEDABAD: Nothing can be warmer than Gujarat and Gujaratis, when it comes to the stock market. But the increasing number of listed companies sporting activities’ Gujarat ‘day is perhaps a reflection of the strong image of the state.

‘Gujarat’ Beats as’ India ‘or’ Bharat ‘hands down as a first choice when it comes to their baptism disk with approximately 70 companies who opt for “Gujarat”.

“India” or “Indian” (50) and “Bharat” (17) falling behind. How Gujarat, there are listed companies from other states that have set in advance the name of their state.

But, according to information, see the Web site of BSE, Punjab (10), Maharashtra (8), Tamil Nadu (6) and Andhra Pradesh (2) do not agree on Gujarat’s Awards range.

Some developers have also voranstellend on behalf of their cities such as Bombay, businesses (13), Madras (5), Ahmedabad (3).

Although “Fire Gujarat ‘at the top of charts, the market capitalization of the company whose name begins with the prefix of India or Indian is much higher.

The combined market capitalization of companies whose names with ‘India’ or ‘Indian’ day was over Rs 90,000 crore, August 4, 2006.

“Bharat” comes in second place with Rs 82000 crore, while Gujarat comes to the third place with Rs 30000 crore from the market capitalisation.

It is followed by the market capitalisation of companies whose name starts with the prefix Punjab (13000 Rs crore), Maharashtra (Rs 2,530 crore) and Tamil Nadu (Rs 832 crore).

Atul Tandan, Director, Institute of Communications Mudra, said, the majority of companies that prefix, the name of their countries have made only to satisfy certain legal requirements.

“Another reason for such a designation is the recognition. Companies want their region is known for the quality of its people and their entrepreneurial spirit,” he added.

“The trend towards voranstellend Gujarat name of the company on his horse train with a view to inherit the credibility and reliability of the stateowned PSEs and the joint venture, which has had good results reported in the past” , said Chinubhai Shah, the chairman, Gujarat Investors and shareholders’ Association.

Shah has recorded two are private companies with limited liability, with the prefix Gujarat