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Movers & Shakers | 10 stocks that moved the most last week

Sensex gained 1.2 percent last week while Nifty50 rose 1.3 percent. Bulls took charge but remained volatile amid mixed domestic as well as global data.

August 09, 2020 / 07:26 AM IST
Sensex gained 1.2 percent last week while Nifty50 rose 1.3 percent for the week. Bulls took charge but remained volatile amid mixed domestic as well as global data, including RBI's accommodative stance to support the economy, June quarter earnings, July manufacturing PMI data and rising COVID-19 cases in India and abroad.
Sensex gained 1.2 percent last week while Nifty50 rose 1.3 percent for the week. Bulls took charge but remained volatile amid mixed domestic as well as global data, including RBI's accommodative stance to support the economy, June quarter earnings, July manufacturing PMI data and rising COVID-19 cases in India and abroad.
Vaibhav Global | The stock jumped over 26 percent for the week. Consolidated net revenue in Q1FY21 was up 25 percent to Rs 550.44 crore YoY from Rs 439.96 crore in Q1FY20. EBITDA stood at Rs 73.50 crore in Q1FY21 up by 44.57 percent YoY.
Vaibhav Global | The stock jumped over 26 percent for the week. Consolidated net revenue in Q1FY21 was up 25 percent to Rs 550.44 crore YoY from Rs 439.96 crore in Q1FY20. EBITDA stood at Rs 73.50 crore in Q1FY21 up by 44.57 percent YoY.
DILIP BUILDCON
Dilip Buildcon | The share price gained 21 percent after the company bagged a road project worth Rs 1,140.50 crore in Telangana. It has also been declared as L-1 bidder for a new HAM project on Hybrid Annuity Mode under Bharatmala Pariyojna in the state of Karnataka (Package-II). The company informed exchanges that the project is worth Rs 1,278 crore.
Tata Consumer Products | The stock gained 21 percent after the company reported 81.78 percent rise in net profit to Rs 345.55 crore for June quarter helped by increase in demand in some categories. The company posted a net profit of Rs 190.09 crore in April-June period a year ago, said TCPL, earlier known as Tata Global Beverages, in a BSE filing. Revenue from operations was up 13.44 percent to Rs 2,713.91 crore during the quarter under review as against Rs 2,392.36 crore in the corresponding period of the last fiscal.
Tata Consumer Products | The stock gained 21 percent after the company reported 81.78 percent rise in net profit to Rs 345.55 crore for June quarter helped by increase in demand in some categories. The company posted a net profit of Rs 190.09 crore in April-June period a year ago, said TCPL, earlier known as Tata Global Beverages, in a BSE filing. Revenue from operations was up 13.44 percent to Rs 2,713.91 crore during the quarter under review as against Rs 2,392.36 crore in the corresponding period of the last fiscal.
Birlasoft | The share price was up 22 percent after the company reported a nearly 35 percent rise in consolidated net profit for Q1 FY21. Revenue from operations grew 17.7 percent to Rs 914.6 crore in the period under review from Rs 777.2 crore in the year-ago period. Brokerage firm Emkay Global has maintained a 'buy' call on Birlasoft with a target price of Rs 150.
Birlasoft | The share price was up 22 percent after the company reported a nearly 35 percent rise in consolidated net profit for Q1 FY21. Revenue from operations grew 17.7 percent to Rs 914.6 crore in the period under review from Rs 777.2 crore in the year-ago period. Brokerage firm Emkay Global has maintained a 'buy' call on Birlasoft with a target price of Rs 150.
Yes Bank | The stock jumped 18 percent for the week after LIC acquired close to 5 percent shareholding in the bank by purchasing shares from the open market. Global rating agency Moody's Investors Service on August 3 said it has upgraded Yes Bank’s ratings following the recent equity capital raising. The rating agency upgraded the long-term foreign currency issuer rating to B3 from Caa1. Moody's has also upgraded the bank's long-term foreign and local currency bank deposit ratings to B3 from Caa1, and its foreign currency senior unsecured MTN programme rating to (P)B3 from (P)Caa1.
Yes Bank | The stock jumped 18 percent for the week after LIC acquired close to 5 percent shareholding in the bank by purchasing shares from the open market. Global rating agency Moody's Investors Service on August 3 said it has upgraded Yes Bank’s ratings following the recent equity capital raising. The rating agency upgraded the long-term foreign currency issuer rating to B3 from Caa1. Moody's has also upgraded the bank's long-term foreign and local currency bank deposit ratings to B3 from Caa1, and its foreign currency senior unsecured MTN programme rating to (P)B3 from (P)Caa1.
Tata Motors Hexa
Tata Motors | The share price gained almost 14 percent after global research firm CLSA upgraded the stock to buy from underperform and raised target to Rs 135 from Rs 103. Ambit Capital upgraded the stock to buy from underperform and raised target to Rs 135 from Rs 103 while Motilal Oswal also has a buy on the stock with target of Rs 127 per share.
SAIL
Steel Authority of India | The stock was up 10 percent after the steel maker reported robust sales growth in July 2020. The company said its total sales grew about 50 percent year-on-year to 15.83 lakh tonnes during July 2020. The company had registered sale of 10.59 LT steel during the same month last year, Steel Authority of India Ltd (SAIL) said in a statement.
PI Industries | The share price gained 10 percent after the company reported better-than-expected numbers for the quarter ended June 2020. The company posted a 43 percent jump in its Q1 consolidated net profit to Rs 145.5 crore against Rs 101.6 crore in the year-ago period. Revenue of the company increased by 40 percent YoY to Rs 1,060.1 crore versus Rs 754.1 crore.
PI Industries | The share price gained 10 percent after the company reported better-than-expected numbers for the quarter ended June 2020. The company posted a 43 percent jump in its Q1 consolidated net profit to Rs 145.5 crore against Rs 101.6 crore in the year-ago period. Revenue of the company increased by 40 percent YoY to Rs 1,060.1 crore versus Rs 754.1 crore.
Bandhan Bank | The stock price shed over 10 percent after promoters offloaded 20.9 percent equity via a block deal on August 3. The size for the block deal is Rs 10,500 crore, and the floor price was set at Rs 311.10, reports suggested. Bandhan bank promoters sold 20.95 percent stake via block deal; their holding now stands at 40 percent, CNBC-TV18 reported. The move was a part of the bank's effort to bring down promoter shareholding in the lender to meet the Reserve Bank of India's regulatory norms.
Bandhan Bank | The stock price shed over 10 percent after promoters offloaded 20.9 percent equity via a block deal on August 3. The size for the block deal is Rs 10,500 crore, and the floor price was set at Rs 311.10, reports suggested. Bandhan bank promoters sold 20.95 percent stake via block deal; their holding now stands at 40 percent, CNBC-TV18 reported. The move was a part of the bank's effort to bring down promoter shareholding in the lender to meet the Reserve Bank of India's regulatory norms.
Deepak Nitrite | The shares shed 5 percent after the company reported a quarterly net profit of Rs 63.61 crore in June 2020 down 40.71 percent from Rs 107.28 crore in June 2019. EBITDA stood at Rs 102.47 crore in June 2020 down 45.54 percent from Rs 188.17 crore in June 2019.
Deepak Nitrite | The shares shed 5 percent after the company reported a quarterly net profit of Rs 63.61 crore in June 2020 down 40.71 percent from Rs 107.28 crore in June 2019. EBITDA stood at Rs 102.47 crore in June 2020 down 45.54 percent from Rs 188.17 crore in June 2019.
Sandip Das
first published: Aug 9, 2020 07:26 am

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