The week that was in 10 stocks: IRCTC's dream rally, RIL’s new feat, TaMo's Brexit cheer & more
IRCTC rallied 143.5 per cent for the week to close at Rs 779.20
Rising for five of five sessions, the BSE benchmark Sensex added 1,171 points, or 3.07 per cent, for the week to 39,298.38. NSE barometer zipped past all its key moving averages to 11,661.85, up 356.80 points or 3.15 per cent for the week. Here are 10 stocks that buzzed the most during the week:
IRCTC: The newly-listed stock rallied 143.5 per cent for the week to close at Rs 779.20 over its issue price of Rs 320 in a grand debut. The bumper listing of IRCTC took Dalal Street by surprise, as many analysts were anticipating the stock to list at around Rs 600.
BHEL: Shares of BHEL rallied 26.62 per cent for the week to Rs 54.50, the highest weekly gains since 1996. The stock advanced on reports that the government is considering bringing down its stake in the state-run firm to 26 per cent from 63.17 per cent.
YES Bank: For the private lender, this past week was the best since 2009, as the scrip soared 29.79 per cent to Rs 51.40 over its previous week’s close of Rs 39.60. The stock gained amid reports that industrialists Sunil Mittal and Sunil Munjal have shown interest in acquiring a stake in the private sector lender. However, Mittal later denied the reports.
Tata Motors: This stock gained 12.64 per cent to Rs 136.70 as concerns eased over UK-based arm JLR following an agreement between Britain and the EU on Brexit deal. The deal will now need to be approved by the parliaments of the two sides.
Reliance Capital: This ADAG stock fell 23.14 per cent for the week to Rs 13.5 per cent from Rs 17.5 a week ago, as the company delayed payment of interest/principal obligations for two non-convertible debentures (NCD). The payments were due on Wednesday and Thursday, the company said in regulatory filing.
Bajaj Consumer Care: This stock gained 8.88 per cent to Rs 264.20 after promoter Bajaj Resources offloaded around 22 per cent stake in the company for Rs 628 crore through an open market transaction. The stock advanced as promoters insisted that there is no further debt at the promoter level post the stake sale, soothing investor nerves.
Lakshmi Vilas Bank: This stock fell in five of five sessions, cementing its losing streak to 14 sessions. The scrip fell 22.13 per cent for the week to Rs 19. RBI, which has already rejected the bank’s proposal to merge with Indiabulls Housing Finance, imposed a monetary penalty of Rs 1 crore on the bank for non-compliance with certain provisions of directions issued by RBI on IRAC norms.
DLF: This stock gained 15.97 per cent to Rs 168.80 after the realty major said it has sold 376 ready-to-move-in luxury flats worth Rs 700 crore on the first day of the launch of its new housing project in Gurugram, even as the overall property market is facing a demand slowdown. The company has launched the second phase of its luxury residential project Ultima.
Reliance Industries: Shares of Mukesh Ambani-led oil-to-telecom company hit a market capitalization of Rs 9,00,000 crore intraday on Friday, the first ever by any company, before ending at Rs 8,97,179.50. Later the company reported its highest-ever quarterly profit at Rs 11,262 crore for September quarter.The stock rose 4.65 per cent for the quarter.
Hotel Leelaventure: This stock climbed 32.48 per cent to Rs 8.9 after the company said its business has been acquired by Brookfield and the total consideration payable to the company with respect to the transactions set out in the postal ballot notices has been received and paid to the various banks and financial institutions who were lenders of the company.