INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The domestic equity market extended its winning run into the first week of FY20, with BSE Sensex rising 0.5 per cent in five
sessions to 38,862, and Nifty50 adding 0.36 per cent to 11,665.
Bouts of profit booking seen during the week could not deter the two indices
from scaling record high levels and log seventh week of consecutive gains
Several stocks hogged limelight through the week, some for positive, others for negative reasons.
Here is a list of the ones that created
maximum buzz:
Lakshmi Vilas Bank rallied on marriage talkThis stock was up 31 per cent this week amid reports the boards of the bank and
that of NBFC Indiabulls Housing Finance would meet to discuss a possible merger
On Friday, the talks fructified
Shares of Indiabulls Housing Finance gained 5.4 per cent for the week.
RCom losing streak extended to 10th sessionFriday marked the tenth
straight session when RCom shares failed to close in the black
Punit Garg, executive director of the telecom company, has resigned from his position
the listing week at Rs 328.02, up 9 per cent over the issue price of Rs 300
stockA sudden surge in this stock made exchanges seek clarification from Bharat Road Network
stock surged 20 per cent for the week
On Monday, the realtor said it sold Rs 2,900 homes for Rs 2,100 crore in March quarter, its highest ever
On Wednesday, it said it entered into a JV to develop a 4.25 acres sea-facing property in Mumbai
On Thursday, it announced a project in Vashi
The same day the company said it hiked stake in Wonder Space Properties.
JLR drove Tata Motors in high speed laneShares of Tata Motors
climbed 18 per cent this week after the British arm JLR last week said it continued to execute turnaround strategy to deliver $2.81 billion
of cash flow improvements by March 2020 and reaffirmed expectations of a financially better fourth quarter
Zee dropped as stake sale plan got derailedThe stock fell 7.4 per cent last week to end at Rs 411.40 on Friday amid reports that Sony
major Comcast to the forefront, four persons familiar with the development told ET
Meanwhile, fresh reports have emerged that Bharti Airtel and Reliance Jio may also make a formal proposal for a stake buy soon.
OMCs tumbled
as crude prices hits 5-month highsShares of BPCL fell 9.64 per cent, HPCL 7.19 per cent and IOC 2.80 per cent to Rs 358.20, Rs 263.40 and Rs
Data suggests Brent futures for June series settled above $70 a barrel on Friday.
