INSUBCONTINENT EXCLUSIVE:
Benchmark equity indices settled the week flat on US-China trade concerns, premium valuations and lack of fresh triggers after the Q2
The 30-share BSE Sensex added just 2.71 points to end at 40,359 for the week ended November 22
The 50-share Nifty gained 19 points to 11,914.
Here are the top stocks and sectors that created all the buzz during the week gone by.
Top
gainers of the weekAs many as 22 stocks in the BSE500 index delivered over 10 per cent returns to investors during the week
They included Vodafone Idea (up 78 per cent), UCO Bank (43 per cent), Tejas Networks (38 per cent), Corporation Bank (27 per cent) and Zee
Entertainment (24 per cent)
Aditya Birla Capital, ITD Cementation, DishTV, IRB Infra, eClerx Services and Coffee Day Enterprises advanced between 15 and 25 per
cent.
Top losers of the weekAs many as eight stocks on the BSE500 plunged in double digits
Gayatri Projects lost 36 per cent, followed by Reliance Capital (23 per cent), Reliance Infra (22 per cent), Indiabulls Integrated Services
(18 per cent) and Time Technoplast (15 per cent)
Caplin Point, Reliance Power and Jain Irrigation were among other stocks that fell over 10 per cent.
IPO update: CSB Bank sails on Day
The initial public offering (IPO) received bids for 1,20,87,450 shares against the total issue size of 1,15,54,987 shares, reflecting 1.05
times subscription, according to data available with the National Stock Exchange
The quota reserved for non-institutional investors was subscribed 10 per cent, while that for retail investors was subscribed 5.60 times.
In
another development from the IPO-mart, realty firm Puranik Builders has filed fresh papers with markets regulator Sebi to raise an estimated
Rs 1,000 crore through its initial share-sale.
Telecom stocks ring louderWith a 7.85 per cent rally, the BSE Telecom index emerged the
biggest gainer on the exchange
It was followed by Healthcare (up 3.06 per cent), Power (up 0.97 per cent), Metal (up 0.82 per cent) and Bankex (up 0.16 per cent)
On the other hand, IT, Consumer Durables and Auto declined up to 2.50 per cent
tariff and deferment of spectrum dues is likely to improve cash flow of these companies in the near term
climbed 24 per cent to Rs 357.90 on November 22 from RS 287.50 on November 15
Several foreign funds, including the New York-based BlackRock, Singapore government-backed GIC, HSBC Global, Citigroup, Morgan Stanley Asia,
Vanguard and Wellington Management, have picked up stakes in Zee Entertainment Enterprises as the promoters sold stock to repay loans
On the positive side, the brokerage house believes that the deal removes the pledge overhang while also ensuring the continuation of the
However, on the other side it added that net cash in the balance sheet fell to Rs 1,480 crore in Q2FY20 from Rs 3,240 crore in Q4FY18.
Other
Bharti Airtel (up 7 per cent), Eicher Motors (up 6.82 per cent) and IndusInd Bank (up 6 per cent) were among other major gainers in the
On the other hand, Mahindra - Mahindra, YES Bank, Britannia Industries, TCS, Asian Paints and Hero MotoCorp declined between 4-6 per cent
during the week.
Scrips at fresh 52-week highs/lowsIn the BSE500 index, Polycab India, Adani Green Energy, Persistent Systems, Reliance
Nippon Life Asset Management and HDFC Asset Management were among 40 firms that hit new 52-week highs
On the other hand, Time Technoplast, Sobha, Gayatri Projects, Blue Dart, Omaxe and Caplin Point hit new 52-week lows.
YES Bank slipsRana
The scrip fell 5.68 per cent to Rs 64.80 during the week.
RIL nears Rs 10 lakh cr valuationThe market valuation of Reliance Industries, the
country's most valued firm, is fast nearing the Rs 10 lakh crore mark helped by the continuous rise in its share price
Billionaire Mukesh Ambani's Reliance Jio on Tuesday said it will increase mobile phone call and data charges in the next few weeks in
compliance with rules, as it followed similar announcements by Bharti Airtel and Vodafone Idea on tariff hike
With a market value of Rs 9.80 lakh crore, share of the company signed off the week with gains of over 5 per cent at Rs 1,546.