The week that was in 10 stocks: Voda Idea, Adani Green among top gainers

The week that was in 10 stocks: Voda Idea, Adani Green among top gainers


NEW DELHI: Traders booked profits last week as key equity indices lost over two and a half per cent, mainly pressured by rising border tension between India and China and weak global cues.
Besides, muted macroeconomic data i.e., PMI data fell for the sixth month in a row and GDP data contracted by nearly 24 per cent further dented the sentiment. Amid all, the SC verdict on AGR dues and better than expected auto sales numbers eased some pressure in the middle.

Amongst the sectors, telecom was among the few gainers that ended with gains of 1.5 per cent. Other sectoral indices witnessed selling pressure where banks, PSU stocks and realty were the top losers and ended significantly lower by 5-7 per cent.

β€œIn the absence of any major event, investors will continue to take cues from the global markets next week. They will also be keeping a close eye on the India-China border tussle and any news of escalation will further deteriorate the market sentiment. Besides, the next SC hearing on petitions seeking interest rate waiver for the moratorium period may induce volatility in the banking pack,” Ajit Mishra, VP Research, Religare Broking.

Here are key stocks that buzzed during the last week:

Voda Idea, Bharti Airtel: Vodafone Idea was the top gainer BSE 500 during the last week, thanks to a lease of life provided by the Supreme Court and its plans to raise substantial sums of money. The stock added 18.91 per cent to Rs 12.01. Its peer Bharti Airtel, after dramatic moves throughout the week, closed largely flat at Rs 523.10.
Adani Green Energy: Shares of the renewable energy provider rose 17.85 per cent to close at Rs 462.15 after the company said it was ranked as the largest solar power generation owner in the world. The company is also scheduled to present its quarterly numbers next week.

IndiaMART: Shares of B2B online marketplace gained 15.95 per cent to Rs 4099.95 after the company said it has sold 70 per cent in its subsidiary Ten Times Online Private Ltd.

Biocon: Shares of drug developer rose 7.54 per cent to Rs 420.80 after the company said it has received Rs 225 crore from Tata Capital Growth Fund II for 88,30,456 shares of its subsidiary iocon Biologics India Limited.

Bharti Infratel: The company said it will proceed with its merger with Indus Towers, which cheered investors. Shares of the company added 6.63 per cent to Rs 214.75 during the week.

IndiGo: Shares of aviation major gained 6.15 per cent to Rs 1,256.60 after the company said the financial situation of the airlines is improving as India reopens and they may not utilise the option of raising money through sale of equity shares, as announced earlier.

Tata Motors DVR: The stock advanced 4.97 during the week to Rs 56 after Tata Sons bought 53,02, 681 of Tata Motors DVR at Rs 56.02 each. It held 5.26 per cent stake at the end of June.

Future Retail: After a rally early in the week on the announcement of the deal with RIL, investor interest fizzled out and Future Retail saw profit booking. The scrip declined 16.86 per cent to Rs 112.45 at the end of the week.

TCNS Clothing: Shares of the company were among top BSE500 losers. TCNS Clothing tanked 18.60 per cent to Rs 362.85 at the end of the week after it released its annual report on Monday.

Credit: Stocks-Markets-Economic Times

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