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The week that was in 10 stocks: Titan tanks, PCJ shines, realty gets a high, 20 stocks at 52-week peaks

It was a record-setting spree for the domestic equity market, as equity benchmark Sensex scaled a new high on hopes of more reforms to boost growth amid de-escalation of trade tensions between China and the US and better-than-expected financial results in Q2 so far.

Rising for the second straight week, Sensex added around 159 points, or 0.39 per cent, to end the week at 40,323. NSE barometer Nifty settled at 11,908, up 103 points or 0.15 per cent for the week.

Meanwhile, Moody’s downgraded the country’s sovereign outlook from ‘stable’ to ‘negative’ citing increasing risks to economic growth, which also hurt market sentiment.

Here are top stocks and sectors that creared all the buzz during the week gone by.

Titan Company

Shares of Titan Company declined over 11 per cent to Rs 1,156 on November 8, 2019 from Rs 1,301 on November 1. The scrip came under pressure after the jewellery maker lowered its revenue guidance to 11-13 per cent for the second half of the ongoing financial year from 20 per cent earlier.

Raymond

Shares of Raymond gained 37 per cent for the week ended November 8. The scrip got a boost after the company announced hiving off the consumer and lifestyle businesses into a separate entity.

PC Jeweller

PC Jeweller settled a case with markets regulator Sebi regarding alleged non-disclosure of certain information about a buyback offer that was withdrawn later. The company paid Rs 19,12,500 towards full and final settlement of the alleged default, according to an order. Shares of the company jumped 8 per cent to Rs 35.40 on November 8 from Rs 32.70 on November 1.


Jindal Steel & Power


Share of Jindal Steel advanced over 17 per cent to Rs 144.60 on BSE for the week ended November 8. The company hogged limelight on Dalal Street after it said that the company has emerged as the highest bidder for Gare Palma IV/1 coal block in Chhattisgarh with a bid price of Rs 230 per tonne.

Stocks that rallied up to 45 per cent

As many as 21 stocks in the BSE500 index delivered over 10 per cent returns to investors during the week. They included Reliance Power (up 45 per cent), Raymond (37 per cent), Indiabulls Ventures (27 per cent), Indiabulls Integrated Services (28 per cent) and DHFL (27 per cent). Coffee Day, Reliance Infra, Reliance Capital, The Lakshmi Vilas Bank and Indiabulls Real Estate advanced between 25 and 28 per cent.

Scrips that slid up to 24%

As many as 20 stocks on the BSE500 plunged in double digits during the week. Intellect Design Arena lost 24 per cent, followed by GE T&D India (17 per cent), Srei Infra (15 per cent), Dish TV (15 per cent) and Central Bank of India (14 per cent). V-Mart, Magma Fincorp, Bajaj Electricals, Engineers India, Apollo Tyres, Gujarat Alkalies and Vodafone Idea were among other stocks that fell over 10 per cent.

Scrips at fresh 52-week highs/lows

In the BSE500 index, Thyrocare Technologies, Rites, ICICI Prudential Life, Jubilant FoodWorks, Bajaj Holdings, Colgate-Palmolive, Adani Enterprises, Galaxy Surfactants and ICICI Bank were among 20 firms that hit new 52-week highs. On the other hand, Bajaj Electricals, Reliance Communications, Nava Bharat Ventures, Future Retail and Omaxe hit new 52-week lows.

Nifty top gainers/ losers

With a gain of nearly 8 per cent, Bharti Infratel emerged top gainer in the Nifty pack for the week. ICICI Bank (up 6 per cent), JSW Steel (up 5 per cent) and Hindalco (up 5 per cent) were among other top gainers in the 50-share pack. On the other hand, Titan Company, Zee Entertainment, Indian Oil and GAIL declined between 5-11 per cent during the week.

Sectoral update

Real estate sector hogged limelight after the government on Wednesday approved a Rs 25,000 crore fund to help complete over 1,600 stalled housing projects. As a result, the BSE Realty index advanced the most 3.64 per cent to 2,154 for the week ended November 8. It was followed by Metal (up 2.20 per cent) and Bankex (1.83 per cent). On the other hand, heavy selling in Titan Company during the week dragged the BSE Consumer Durables index down by over 6 per cent. BSE PSU and Oil & Gas also lost more than 2 per cent each.

IPO update

Quick service restaurant chain Burger King on Monday filed draft papers with markets regulator Sebi for its proposed initial public offering. The offer comprises fresh issue of equity shares aggregating up to Rs 400 crore and an offer for sale of up to 6 crore equity shares by promoter QSR Asia.

Source: Economic Times