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Check out what made these 10 stocks move the most last week

Among sectors, FMCG, IT, pharma lost more than 2 percent, while metal and energy index seen some buying.

May 05, 2019 / 08:15 AM IST
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Todays L/H

The market consolidated in the last week and ended flat with Nifty managed to hold 11,700 level.

For the week, the Sensex ended 0.26 percent lower at 38,963.26, while Nifty ended at 11,712.25, down 0.36 percent.

Among sectors, FMCG, IT, pharma lost more than 2 percent, while metal and energy index seen some buying.

The S&P BSE Midcap index shed 1.86 percent, Smallcap Index fell 1.79 percent and S&P BSE Largecap Index was down 0.41 percent in the week gone by.

Here are the top 10 stocks which moved the most in the last week:


Britannia Industries | Down 9 percent

The company’s share price declined 9 percent in last week despite company come out with good set of numbers for the quarter ended March 2019.

It has reported an 11.82 percent increase in consolidated net profit at Rs 294.27 crore for the fourth quarter ended March 31, 2019.

Total income during the period under review stood at Rs 2,860.75 crore as against Rs 2,581.93 crore in the year-ago quarter.

Meanwhile, brokerages including CLSA and Credit Suisse cut the target price after company. CLSA has maintained outperform rating but cut target to Rs 3,125 from Rs 3,400 per share.

Credit Suisse also has outperform rating on the stock but cut target to Rs 3,250 from Rs 3,400 per share.

DCM Shriram | Up 10 percent

The company has reported 461 percent surge in its March quarter numbers with net profit at Rs 292.81 crore against Rs 50.71 crore in a year ago period.

The board recommended final dividend of 80 percent i.e. Re 1.60 per equity share of face value of Rs 2 each for the financial year ended March 31, 2019.

Greaves Cotton | Up 5 percent

The company board has approved a proposal of buyback up to 1,37,14, 286 equity shares at a price of Rs 175 per share for an aggregate amount not exceeding Rs 240 crore.

Sharekhan has retained hold rating on Greaves Cotton with a target of Rs 155 per share.

YES Bank | Down 26 percent

The company has reported a net loss in the quarter ended March 2019 on the back of spike in bad loans. Analysts have mixed view on the stock and are expecting 5-10 percent fall in share prices on April 30.

Research house Macquarie downgraded the stock to underperform with target at Rs 165.

Citi has downgraded the stock to sell and cut target price to Rs 180 from Rs 240 per share.

HSBC also downgraded the stock to reduce and cut the target to Rs 164 from Rs 243 per share earlier.

Reserve Bank of India (RBI) imposed a penalty of Rs 11,25,000 on the bank under the Payment and Settlement Systems Act, 2007.

Jet Airways | Down 19 percent

Shares of Jet Airways plummeted 19 percent in the last week after bidders of the debt-laden airline failed to submit their expression of interest, handing a major blow to the early revival of the airline.

According to a report in The Economic Times, three of the four qualified bidders—TGP Capital, Etihad Airways and Indigo—have not signed the mandatory nondisclosure agreements for due diligence, with less than 10 days remaining for the final submission of bids.

The report added that only National Investment and Infrastructure Fund (NIIF) has been looking into Jet’s accounts and key documents as part of the due diligence.

The bidders have till May 10 to submit their offer for the airline.

JBF Industries | Down 6 percent

The company's chief executive officer (CEO) and chief finance officer (CFO) Arun B Shah tendered his resignation as CEO and CFO of the company w.e.f. May 01, 2019.

Escorts | Down 9 percent

The company has reported 14.9 percent fall in its April 2019 tractor sales at 5,264 units against 6,186 units in the same month last year.

Its domestic sales declined by 18.2 percent at 4,986 units versus 6,094 units. However, exports was at 278 units against 92 units.

Bank of Maharashtra | Down 15 percent

Despite reporting better number for this quarter the share price declined by 15 percent in last week.

The company has posted net profit of Rs 72.4 crore in Q4FY19 against loss of Rs 113.5 crore in the same quarter last fiscal.

It net interest income (NII) was up 13.5 percent at Rs 999.9 crore against Rs 880.8 crore.

Company's gross NPA was down at 16.40 percent, while net NPA was down at 5.52 percent, QoQ.

Orient Cement | Up 6 percent

Orient Cement reported over four-fold jump in its net profit to Rs 61.98 crore for the fourth quarter ended March 2019. It had reported a net profit of Rs 12.82 crore for the January-March quarter a year ago.

Total income rose 21.14 percent to Rs 754.89 crore during the quarter under review as against Rs 623.13 crore.

Anand Rathi retain buy rating with a target of Rs 143.

Blue Star | Up 5 percent

The company has registered 151 percent jump in its Q4 net profit at Rs 79.8 crore against Rs 31.7 crore. Revenue was up 18.5 percent at Rs 1,595.8 crore versus Rs 1,346.3 crore.

Earnings before interest, tax, depreciation and amortization (EBITDA) rose 81 percent at Rs 109.4 crore, while margin at 6.9 percent.

The company board recommended a final dividend of Rs 10 per equity share of Rs 2 each for the financial year ended March 31, 2019.
Rakesh Patil
first published: May 5, 2019 08:15 am

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