The week that was in 10 stocks: Stocks hitting upper circuits; those that lost 50%

Extending their gains for the third straight week, equity benchmarks Sensex and Nifty climbed over 2 per cent each amid optimism over potential Covid-19 vaccine and firm global cues.

The 30-share Sensex gained 850 points to 36,021 in last five sessions, while the 50-share Nifty added 224 points to 10,607.

Vinod Nair, Head of Research, Geojit Financial Services, said optimism about a continued recovery in economic activity offset the concerns raised by unabated rise in virus infections. "The progress of a vaccine trial also boosted sentiment," he said.


Here are the top buzzing stocks and sectors in the week gone by.

Continuous upper circuits
As many as 103 stocks on BSE have continuously hit upper circuits during the past five sessions. IDBI Bank, CG Power, Reliance Communications, AXISCADES Engineering Technologies and Indosolar. On the other hand, Omaxe, Ruchi Soya and HP Cotton were among the 33 stocks that hit lower circuit limits during the week.

Stocks that rallied up to 30 per cent
As many as 11 stocks in the BSE500 index delivered over 10 per cent returns to investors during the week. They included Bharat Dynamics (up 29.50 per cent), Suzlon Energy (27 per cent), IDBI Bank (27 per cent), Housing & Urban Development Corp (22 per cent) and APL Apollo Tubes (14 per cent). Bharat Electronics, Phillips Carbon Black, PNC Infratech, Galaxy Surfactants, Sterling and Wilson Solar and Hindustan Aeronautics advanced between 10 per cent and 15 per cent.

Scrips that slid up to 53%
As many as nine stocks on the BSE500 plunged in double digits during the week. Omaxe lost 53 per cent, followed by Future Consumer (22 per cent), Indian Overseas Bank (16 per cent), Indiamart Intermesh (13 per cent) and The Jammu & Kashmir Bank (12 per cent). Central Bank of India, UCO Bank, Parag Milk Foods and Trent were among the stocks that fell over 10 per cent.

Scrips at fresh 52-week highs/lows
In the BSE500 index, Bayer CropScience, Gujarat Gas, IDBI Bank, Jubilant Life Sciences Navin Fluorine International, Suzlon Energy and Escorts were among the 15 firms that hit new 52-week highs. On the other hand, Rajesh Exports, IIFL Finance, Gateway Distriparks, Maharashtra Scooters, The Karnataka Bank and Shriram City Union Finance hit new 52-week lows.

Sectoral update
Thanks to month-on-month recovery in sales, auto stocks continued to register gains during the week. The BSE Auto index (up 3.53 per cent) emerged as top gainer. It was followed by Telecom index (up 3.39 per cent), FMCG (up 2.55 per cent), IT (up 2.35 per cent) and Consumer Durables (up 2.35 per cent). On the other hand, Realty and Metal indices declined over 1 per cent each during the week.

Top Nifty gainers
Hero MotoCorp: With a gain of 7.79 per cent, two-wheeler major Hero MotoCorp emerged as top gainer in the Nifty pack for the week ended July 3. The company on July 1 reported 26.88 per cent fall in June sales at 4,50,744 units compared with the same period last year. Hero MotoCorp’s dispatches last month, however, grew four-fold compared with that in May.

Tata Consultancy Services (TCS): Shares of TCS gained nearly 4 per cent to Rs 2,199.65 on July 3 from Rs 2,118.85 on June 26. The IT major gained traction on the launch of IUX for Workplace Resilience, a business command centre solution that helps enterprises make it safe for employees returning to work amid Covid-19 and for customers doing business with them.

Top Nifty losers
Coal India: Shares of Coal India declined 4.82 per cent to Rs 135.25 from Rs 142.10 during the week. The scrip came under pressure on reporting a 12.8 per cent fall in production to 39.20 million tonne (mt) in June FY21 compared with° 44.95 mt of coal in June FY20. The production in April-June period of FY21 dropped to 121.01 mt from 136.94 mt of coal produced in the April-June period of FY20. Coal India’s offtake also dropped to 41.61 mt in June from 48.98 mt in June FY20.

Vedanta: The scrip declind 3.18 per cent to Rs 106.45 during the week after NSE said it would be dropped from benchmark Nifty50 and other indices from July 31 on account of the company's proposed voluntary delisting. In its place, HDFC Life Insurance Company will be included in the index.

Motherson Sumi tanks
Investors gave a thumbs down to Motherson Sumi Systems’ business reorganisation plan, under which it plans to demerge its domestic wiring harness business into a new company and merge SAMIL (Samvardhana Motherson International Limited) with itself. Share price of the company dropped 5.35 per cent to Rs 98.10 on Friday.