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

Even as there are many negatives for the market at this juncture, it seems to have decided to focus on positives.
Aug 2, 2020 / 09:59 AM IST
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For the week, the S&P BSE Sensex, and Nifty50 fell by about 1 percent each. The Nifty saw the biggest fall, down by about 4 percent. Sectorally, action was seen in healthcare, realty, metals, and IT indices, while profit-taking was visible in energy, oil & gas and finance stocks.
Laurus Labs | The stock surged over 27 percent after net profit for the quarter ended June 30 increased over 11 times to Rs 172 crore against Rs 15 crore during the same period in FY20, the company said. Revenues from operations were up 77 percent during the quarter under discussion to Rs 974 crore, a press release said. The Board has fixed September 30, 2020 as the
Laurus Labs | The stock surged over 27 percent after net profit for the quarter ended June 30 increased over 11 times to Rs 172 crore against Rs 15 crore during the same period in FY20, the company said. Revenues from operations were up 77 percent during the quarter under discussion to Rs 974 crore, a press release said. The Board has fixed September 30, 2020 as the "Record Date" for the sub-division of equity shares of the company from existing face value of Rs 10 each to face value of Rs 2.
Essel Propack | The share price jumped 20 percent after the company reported a 13.96 percent increase in consolidated net profit to Rs 45.62 crore for the June quarter. The company had posted a net profit of Rs 40.03 crore in the April-June period a year ago, Essel Propack said in a BSE filing. Revenue from operations climbed 17.72 per cent to Rs 741.49 crore, as against Rs 629.83 crore in the corresponding quarter of the previous fiscal. Total expenses were at Rs 669.04 crore compared to Rs 591.77 crore earlier, up 13.05 percent.
Essel Propack | The share price jumped 20 percent after the company reported a 13.96 percent increase in consolidated net profit to Rs 45.62 crore for the June quarter. The company had posted a net profit of Rs 40.03 crore in the April-June period a year ago, Essel Propack said in a BSE filing. Revenue from operations climbed 17.72 per cent to Rs 741.49 crore, as against Rs 629.83 crore in the corresponding quarter of the previous fiscal. Total expenses were at Rs 669.04 crore compared to Rs 591.77 crore earlier, up 13.05 percent.
Tata Communications | The stock was up 19 percent after the company posted over threefold jump in its consolidated profit after tax to Rs 258 crore in the first quarter ended June 30, on the back of jump in data business. The company had registered a profit of Rs 77 crore in the corresponding period of the previous year. Its India enterprise business grew 6.7 per cent year-on-year (y-o-y) and the international enterprise business rose 8.3 percent y-o-y on the back of strong demand which led to an increase in both revenue and profitability, the statement said.
Tata Communications | The stock was up 19 percent after the company posted over threefold jump in its consolidated profit after tax to Rs 258 crore in the first quarter ended June 30, on the back of jump in data business. The company had registered a profit of Rs 77 crore in the corresponding period of the previous year. Its India enterprise business grew 6.7 per cent year-on-year (y-o-y) and the international enterprise business rose 8.3 percent y-o-y on the back of strong demand which led to an increase in both revenue and profitability, the statement said.
Torrent Pharma | The stock price gained 14 percent after the pharmaceutical company reported a 48.61 percent rise in its consolidated net profit to Rs 321 crore for the quarter ended June 30, 2020, mainly on account of robust sales in the Indian market, the company said in a BSE filing. The company had posted a net profit of Rs 216 crore in the same period of the previous fiscal. Consolidated revenue from operations stood at Rs 2,056 crore for the quarter. It was Rs 2,022 crore for the same period a year ago, it added.
Torrent Pharma | The stock price gained 14 percent after the pharmaceutical company reported a 48.61 percent rise in its consolidated net profit to Rs 321 crore for the quarter ended June 30, 2020, mainly on account of robust sales in the Indian market, the company said in a BSE filing. The company had posted a net profit of Rs 216 crore in the same period of the previous fiscal. Consolidated revenue from operations stood at Rs 2,056 crore for the quarter. It was Rs 2,022 crore for the same period a year ago, it added.
Dr Reddy's Labs | The stock price gained 11 percent for the week. The company reported a 12.6 percent YoY drop in consolidated net profit at Rs 579 crore for the quarter ended June 2020. Revenue from operations during Q1FY21 stood at Rs 4,418 crore, up 15 percent YoY. Gross margin came at 56 percent in Q1FY21, up 430 bps over the previous year against 51.7 percent in Q1FY20 and up 450 bps against 51.5 percent in Q4FY20.
Dr Reddy's Labs | The stock price gained 11 percent for the week. The company reported a 12.6 percent YoY drop in consolidated net profit at Rs 579 crore for the quarter ended June 2020. Revenue from operations during Q1FY21 stood at Rs 4,418 crore, up 15 percent YoY. Gross margin came at 56 percent in Q1FY21, up 430 bps over the previous year against 51.7 percent in Q1FY20 and up 450 bps against 51.5 percent in Q4FY20.
Sun Pharma | The share price gained almost 10 percent after operating numbers beat estimates. Indian pharma major Sun Pharmaceutical Industries, on July 31, reported its June quarter net loss at Rs 1,655.60 crore due to exceptional loss, but operating performance beat analysts' expectations. The company had reported a net profit of Rs 1,387.5 crore in the corresponding quarter a year ago. Net profit before one-time loss stood at Rs 1,449.4 crore, which grew by 4.5 percent on year-on-year basis. Revenue from operations for Q1FY21 came in at 7,585.25 crore, declining 9.4 percent compared to Rs 8,374.4 crore reported in the corresponding quarter of the previous year, Sun Pharma said in its BSE filing.
Sun Pharma | The share price gained almost 10 percent after operating numbers beat estimates. Indian pharma major Sun Pharmaceutical Industries, on July 31, reported its June quarter net loss at Rs 1,655.60 crore due to exceptional loss, but operating performance beat analysts' expectations. The company had reported a net profit of Rs 1,387.5 crore in the corresponding quarter a year ago. Net profit before one-time loss stood at Rs 1,449.4 crore, which grew by 4.5 percent on year-on-year basis. Revenue from operations for Q1FY21 came in at 7,585.25 crore, declining 9.4 percent compared to Rs 8,374.4 crore reported in the corresponding quarter of the previous year, Sun Pharma said in its BSE filing.
Dabur India | The stock price was up 9 percent after the the FMCG company reported a net profit of Rs 341.8 crore for the quarter ended June 2020, registering a 5.9 percent YoY decline as lockdown dented its business. Revenue from operations for the quarter stood at Rs 1,980 crore, down 12.9 percent, compared to Rs 2,273.3 crore reported in the corresponding period last year. Domestic volume declined by 9.7 percent for April-June period 2020, but was ahead of the CNBC-TV18 analysts' estimates of 14-15 percent decline.
Dabur India | The stock price was up 9 percent after the the FMCG company reported a net profit of Rs 341.8 crore for the quarter ended June 2020, registering a 5.9 percent YoY decline as lockdown dented its business. Revenue from operations for the quarter stood at Rs 1,980 crore, down 12.9 percent, compared to Rs 2,273.3 crore reported in the corresponding period last year. Domestic volume declined by 9.7 percent for April-June period 2020, but was ahead of the CNBC-TV18 analysts' estimates of 14-15 percent decline.
Deepak Nitrite | The stock added 8 percent after State Street Global Advisors Asia acquired 0.67 percent stake in the company via open market transactions. The US-based asset management company acquired 9,25,451 shares through SSGA Funds Management in Deepak Nitrite (representing 0.67 percent of its total paid-up equity capital) at Rs 632.36 per share, bulk deals data available on NSE showed.
Deepak Nitrite | The stock added 8 percent after State Street Global Advisors Asia acquired 0.67 percent stake in the company via open market transactions. The US-based asset management company acquired 9,25,451 shares through SSGA Funds Management in Deepak Nitrite (representing 0.67 percent of its total paid-up equity capital) at Rs 632.36 per share, bulk deals data available on NSE showed.
Manappuram Finance | The stock was down over 11 percent for the week. The company said it will raise up to Rs 500 crore by issuing bonds on a private placement basis. The decision was taken at the meeting of the financial resources and management committee of the board of directors held today, Manappuram Finance said in a regulatory filing. It posted nearly 38 percent jump in its consolidated net profit at Rs 367.97 crore in the first quarter ended June of the current fiscal year. The non-banking finance company (NBFC) had registered a net profit of Rs 266.78 crore in the same period of the previous fiscal year.
Manappuram Finance | The stock was down over 11 percent for the week. The company said it will raise up to Rs 500 crore by issuing bonds on a private placement basis. The decision was taken at the meeting of the financial resources and management committee of the board of directors held today, Manappuram Finance said in a regulatory filing. It posted nearly 38 percent jump in its consolidated net profit at Rs 367.97 crore in the first quarter ended June of the current fiscal year. The non-banking finance company (NBFC) had registered a net profit of Rs 266.78 crore in the same period of the previous fiscal year.
Zee Entertainment | The share price was down over 8 percent after the company reported a consolidated net loss of Rs 765.82 crore for the January-March quarter of FY 2019-20. The company had logged a net profit of Rs 292.53 crore in the January-March quarter a year ago, it said in a BSE filing. Total income was down 4.06 percent to Rs 1,991.74 crore during the said quarter as against Rs 2,076.06 crore a year ago. Zee Entertainment Enterprises is likely to be excluded from Nifty50 in the forthcoming rebalancing in September 2020.
Zee Entertainment | The share price was down over 8 percent after the company reported a consolidated net loss of Rs 765.82 crore for the January-March quarter of FY 2019-20. The company had logged a net profit of Rs 292.53 crore in the January-March quarter a year ago, it said in a BSE filing. Total income was down 4.06 percent to Rs 1,991.74 crore during the said quarter as against Rs 2,076.06 crore a year ago. Zee Entertainment Enterprises is likely to be excluded from Nifty50 in the forthcoming rebalancing in September 2020.
Sandip Das
first published: Aug 2, 2020 09:59 am

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