The week that was in 10 stocks: TCS, Hero MotoCorp & stocks that rallied up to 30%
103 stocks on the BSE hit continuous upper circuit during the past five trading sessions.
Extending their gains for the third straight week, the benchmark equity indices BSE Sensex and NSE Nifty climbed over 2 per cent each amid optimism over potential Covid-19 vaccine and firm global cues.
The 30-share pack Sensex gained 850 points to 36,021 during the past five trading sessions, while the 50-share Nifty added 224 points to 10,607.
Vinod Nair, Head of Research, Geojit Financial Services said, “Optimism about a continued recovery in economic activity offset the concerns raised by unabated rise in virus infections. Progress of a vaccine trial also boosted sentiment.”
Here are the top buzzing stocks and sectors in the week gone by.
Continuous upper circuits
As many as 103 stocks on the BSE hit continuous upper circuit during the past five trading sessions. Some of the companies in the list included IDBI Bank, CG Power, Reliance Communications, AXISCADES Engineering Technologies and Indosolar.
On the other hand, Omaxe, Ruchi Soya and HP Cotton stood among 33 players which hit lower circuits during the week.
Stocks that rallied up to 30 per cent
As many as 11 stocks in the BSE500 index delivered over 10 per cent returns to investors during the week. They included Bharat Dynamics (up 29.50 per cent), Suzlon Energy (27 per cent), IDBI Bank (27 per cent), Housing & Urban Development Corp (22 per cent) and APL Apollo Tubes (14 per cent). Bharat Electronics, Phillips Carbon Black, PNC Infratech, Galaxy Surfactants, Sterling and Wilson Solar and Hindustan Aeronautics advanced between 10 and 15 per cent.
Scrips that slid up to 53%
As many as 9 stocks on the BSE500 plunged in double digits during the week. Omaxe lost 53 per cent, followed by Future Consumer (22 per cent), Indian Overseas Bank (16 per cent), Indiamart Intermesh (13 per cent) and The Jammu & Kashmir Bank (12 per cent). Central Bank of India, UCO Bank, Parag Milk Foods and Trent were among other stocks that fell over 10 per cent.
Scrips at fresh 52-week highs/lows
In the BSE500 index, Bayer CropScience, Gujarat Gas, IDBI Bank, Jubilant Life Sciences, Navin Fluorine International, Suzlon Energy and Escorts were among the 15 firms that hit new 52-week highs. On the other hand, Rajesh Exports, IIFL Finance, Gateway Distriparks, Maharashtra Scooters, The Karnataka Bank and Shriram City Union Finance hit new 52-week lows.
Sectoral update
Thanks to month-on-month recovery in sales, auto stocks continued to register gains during the week. As a result, the BSE Auto index (up 3.53 per cent) emerged as the top gainer on the exchange. It was followed by the Telecom index (up 3.39 per cent), FMCG (up 2.55 per cent), IT (up 2.35 per cent) and Consumer Durables (up 2.35 per cent). On the other hand, Realty and Metal indices declined over 1 per cent each during the week.
Top Nifty gainers
Hero MotCorp: With a gain of 7.79 per cent, the two-wheeler major Hero MotoCorp emerged as the top gainer in the Nifty pack for the week ended July 3. Meanwhile, the company on July 1 reported 26.88 per cent fall in sales last month at 4,50,744 units as compared to the same period of last year. Hero MotoCorp’s dispatches last month, however, grew four-fold when compared to May this year.
Tata Consultancy Services (TCS): Shares of TCS gained nearly 4 per cent to Rs 2,199.65 on July 3 against Rs 2,118.85 on June 26. The IT major gained traction on launching IUX for Workplace Resilience, a business command center solution that helps enterprises make it safe for employees returning to work amid Covid-19 and for customers doing business with them.
Top Nifty losers
Coal India: Shares of Coal India declined 4.82 per cent to Rs 135.25 from Rs 142.10 during the week. The scrip came under pressure on reporting 12.8 per cent fall in production to 39.20 million tonne (mt) in June FY21 compared to 44.95 mt of coal in June FY20. The production in the April-June period of FY21 dropped to 121.01 mt from 136.94 mt of coal produced in the April-June period of FY20. Coal India’s offtake also dropped to 41.61 mt in June from 48.98 mt in June FY20.
Vedanta: The scrip declined 3.18 per cent to Rs 106.45 during the week. The company will be dropped from NSE's benchmark index Nifty 50 and other indices from July 31 on account of the company's proposed voluntary delisting. In its place, HDFC Life Insurance Company will be included in the index.
Motherson Sumi tanks
Investors gave thumbs down to Motherson Sumi Systems’ business reorganisation plan, under which it will demerge its domestic wiring harness business into a new company and merge SAMIL (Samvardhana Motherson International Limited) with itself. Share price of the company dropped 5.35 per cent to Rs 98.10 on Friday.
The 30-share pack Sensex gained 850 points to 36,021 during the past five trading sessions, while the 50-share Nifty added 224 points to 10,607.
Vinod Nair, Head of Research, Geojit Financial Services said, “Optimism about a continued recovery in economic activity offset the concerns raised by unabated rise in virus infections. Progress of a vaccine trial also boosted sentiment.”
Here are the top buzzing stocks and sectors in the week gone by.
Continuous upper circuits
As many as 103 stocks on the BSE hit continuous upper circuit during the past five trading sessions. Some of the companies in the list included IDBI Bank, CG Power, Reliance Communications, AXISCADES Engineering Technologies and Indosolar.
On the other hand, Omaxe, Ruchi Soya and HP Cotton stood among 33 players which hit lower circuits during the week.
Stocks that rallied up to 30 per cent
As many as 11 stocks in the BSE500 index delivered over 10 per cent returns to investors during the week. They included Bharat Dynamics (up 29.50 per cent), Suzlon Energy (27 per cent), IDBI Bank (27 per cent), Housing & Urban Development Corp (22 per cent) and APL Apollo Tubes (14 per cent). Bharat Electronics, Phillips Carbon Black, PNC Infratech, Galaxy Surfactants, Sterling and Wilson Solar and Hindustan Aeronautics advanced between 10 and 15 per cent.
Scrips that slid up to 53%
As many as 9 stocks on the BSE500 plunged in double digits during the week. Omaxe lost 53 per cent, followed by Future Consumer (22 per cent), Indian Overseas Bank (16 per cent), Indiamart Intermesh (13 per cent) and The Jammu & Kashmir Bank (12 per cent). Central Bank of India, UCO Bank, Parag Milk Foods and Trent were among other stocks that fell over 10 per cent.
Scrips at fresh 52-week highs/lows
In the BSE500 index, Bayer CropScience, Gujarat Gas, IDBI Bank, Jubilant Life Sciences, Navin Fluorine International, Suzlon Energy and Escorts were among the 15 firms that hit new 52-week highs. On the other hand, Rajesh Exports, IIFL Finance, Gateway Distriparks, Maharashtra Scooters, The Karnataka Bank and Shriram City Union Finance hit new 52-week lows.
Sectoral update
Thanks to month-on-month recovery in sales, auto stocks continued to register gains during the week. As a result, the BSE Auto index (up 3.53 per cent) emerged as the top gainer on the exchange. It was followed by the Telecom index (up 3.39 per cent), FMCG (up 2.55 per cent), IT (up 2.35 per cent) and Consumer Durables (up 2.35 per cent). On the other hand, Realty and Metal indices declined over 1 per cent each during the week.
Top Nifty gainers
Hero MotCorp: With a gain of 7.79 per cent, the two-wheeler major Hero MotoCorp emerged as the top gainer in the Nifty pack for the week ended July 3. Meanwhile, the company on July 1 reported 26.88 per cent fall in sales last month at 4,50,744 units as compared to the same period of last year. Hero MotoCorp’s dispatches last month, however, grew four-fold when compared to May this year.
Tata Consultancy Services (TCS): Shares of TCS gained nearly 4 per cent to Rs 2,199.65 on July 3 against Rs 2,118.85 on June 26. The IT major gained traction on launching IUX for Workplace Resilience, a business command center solution that helps enterprises make it safe for employees returning to work amid Covid-19 and for customers doing business with them.
Top Nifty losers
Coal India: Shares of Coal India declined 4.82 per cent to Rs 135.25 from Rs 142.10 during the week. The scrip came under pressure on reporting 12.8 per cent fall in production to 39.20 million tonne (mt) in June FY21 compared to 44.95 mt of coal in June FY20. The production in the April-June period of FY21 dropped to 121.01 mt from 136.94 mt of coal produced in the April-June period of FY20. Coal India’s offtake also dropped to 41.61 mt in June from 48.98 mt in June FY20.
Vedanta: The scrip declined 3.18 per cent to Rs 106.45 during the week. The company will be dropped from NSE's benchmark index Nifty 50 and other indices from July 31 on account of the company's proposed voluntary delisting. In its place, HDFC Life Insurance Company will be included in the index.
Motherson Sumi tanks
Investors gave thumbs down to Motherson Sumi Systems’ business reorganisation plan, under which it will demerge its domestic wiring harness business into a new company and merge SAMIL (Samvardhana Motherson International Limited) with itself. Share price of the company dropped 5.35 per cent to Rs 98.10 on Friday.