Ten stocks that buzzed on Dalal Street through the week gone by
NEW DELHI: Profit booking amid rising expectation of a tighter monetary policy from the US Federal Reserve forced the benchmark equity indices to close in the red for the week gone by.
For the week ended March 3, 2017, the 30-share BSE Sensex declined 60.52 points, or 0.21 per cent to 28,832 from 28,892 at the end of the previous week. The NSE Nifty index lost 41.95 points, or 0.46 per cent, to end at 8,897 compared with the previous week’s close of 8,939.
Here is a list of top 10 stocks that hogged limelight in the market through the week:
ONGC, HPCL: Shares of oil retailer HPCL fell by nearly 9 per cent during the week following reports that ONGC may acquire the fuel retailer for about Rs 44,000 crore ($6.6 billion). Shares of ONGC slipped 1.35 per cent to Rs 193 on March 3 from Rs 195.65 on February 23.
Tata Consultancy Services: Shares of TCS kept buzzing through the week after the company informed the bourses that the promoter group of the company intends to participate in the forthcoming Rs 16,000 crore share buyback. For the week ended March 3, shares of the IT major closed 0.43 per cent up at Rs 2,492. The scrip had close at Rs 2,481 on February 23.
DLF: Shares of DLF corrected nearly 3 per cent during the week after the company’s promoters KP Singh and his family decided to sell the entire 40 per cent equity in the retail arm DLF Cyber City Developers to Singapore-based private equity firm GIC.
Wockhardt: Wockhardt was in the news after the drug major on Wednesday said the US health regulator issued a warning letter to its step-down subsidiary Morton Grove Pharmaceuticals. However, shares of the company advanced 2.16 per cent during week to Rs 720.80 on March 3 from Rs 705.55 as of February 23.
Apollo Hospitals: Shares of Apollo Hospitals declined over 5 per cent after Malaysian fund Integrated Healthcare Holdings sold more than 6 per cent stake in the healthcare company. The scrip declined from Rs 1,323 on February 23 to Rs 1,246 on March 3.
Nalco & Hindalco: Shares of metal majors National Aluminium (up 19 per cent) and Hindalco (9 per cent) advanced after China ordered steel producers in 28 cities to slash output during winter, as Beijing intensifies its war on smog.
GST-linked stocks: Shares of logistics companies hogged limelight during the week after Economic Affairs Secretary Shaktikanta Das said all states had come on board and that GST will be implemented by July 1 this year. Following the development, shares of Gati gained 4 per cent for the week. The scrip jumped to Rs 128.30 as of March 3 from Rs 123.25 on February 23. Snowman Logistics surged nearly 5 per cent in just five trading sessions.
Reliance Industries: Shares of Reliance Industries hit a nine-year high during the week. Promoters of the company have decided to rejig shareholding through inter-se transfer. For the week ended March 3, 2017, shares of the company gained 6.41 per cent to Rs 1,258.45 from Rs 1,182.60 as of February 23.
For the week ended March 3, 2017, the 30-share BSE Sensex declined 60.52 points, or 0.21 per cent to 28,832 from 28,892 at the end of the previous week. The NSE Nifty index lost 41.95 points, or 0.46 per cent, to end at 8,897 compared with the previous week’s close of 8,939.
Here is a list of top 10 stocks that hogged limelight in the market through the week:
ONGC, HPCL: Shares of oil retailer HPCL fell by nearly 9 per cent during the week following reports that ONGC may acquire the fuel retailer for about Rs 44,000 crore ($6.6 billion). Shares of ONGC slipped 1.35 per cent to Rs 193 on March 3 from Rs 195.65 on February 23.
Tata Consultancy Services: Shares of TCS kept buzzing through the week after the company informed the bourses that the promoter group of the company intends to participate in the forthcoming Rs 16,000 crore share buyback. For the week ended March 3, shares of the IT major closed 0.43 per cent up at Rs 2,492. The scrip had close at Rs 2,481 on February 23.
DLF: Shares of DLF corrected nearly 3 per cent during the week after the company’s promoters KP Singh and his family decided to sell the entire 40 per cent equity in the retail arm DLF Cyber City Developers to Singapore-based private equity firm GIC.
Wockhardt: Wockhardt was in the news after the drug major on Wednesday said the US health regulator issued a warning letter to its step-down subsidiary Morton Grove Pharmaceuticals. However, shares of the company advanced 2.16 per cent during week to Rs 720.80 on March 3 from Rs 705.55 as of February 23.
Apollo Hospitals: Shares of Apollo Hospitals declined over 5 per cent after Malaysian fund Integrated Healthcare Holdings sold more than 6 per cent stake in the healthcare company. The scrip declined from Rs 1,323 on February 23 to Rs 1,246 on March 3.
Nalco & Hindalco: Shares of metal majors National Aluminium (up 19 per cent) and Hindalco (9 per cent) advanced after China ordered steel producers in 28 cities to slash output during winter, as Beijing intensifies its war on smog.
GST-linked stocks: Shares of logistics companies hogged limelight during the week after Economic Affairs Secretary Shaktikanta Das said all states had come on board and that GST will be implemented by July 1 this year. Following the development, shares of Gati gained 4 per cent for the week. The scrip jumped to Rs 128.30 as of March 3 from Rs 123.25 on February 23. Snowman Logistics surged nearly 5 per cent in just five trading sessions.
Reliance Industries: Shares of Reliance Industries hit a nine-year high during the week. Promoters of the company have decided to rejig shareholding through inter-se transfer. For the week ended March 3, 2017, shares of the company gained 6.41 per cent to Rs 1,258.45 from Rs 1,182.60 as of February 23.
