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The week that was: Big Bull bets on JP; TCS shines; OMCs bleed


The domestic equity market inched higher last week after the weather department forecast a normal monsoon this season. For the week ended April 20, the BSE Sensex gained 0.65 per cent to 34,415 from 34,192 on April 13. Likewise, NSEs Nifty added 0.80 per cent to 10,564 from 10,480.

Hindalco, TCS, HCL Tech, Bharti Airtel and Cipla were among the top gainers in the 30-share pack, whereas HPCL, HPCL, Axis Bank, Tata Motors and State Bank of India tanked up to 10 per cent.

Here are top sectors and stocks that made news through the week.

Jaiprakash Associates: Ace investor Rakesh Jhunjhunwalas name again appeared among key individual shareholders in the crisis-hit Jaiprakash Associates in the latest shareholding data provided by the company. Jhunjhunwala was holding 3 crore shares, or 1.23 per cent stake, in the company as of March 31, 2018. In June 2017, Jhunjhunwala was holding 2.50 crore, or 1.03 per cent, stake in the company. His name did not figure among key shareholders at the end of September and December quarters of FY18. Shares of the company advanced 5 per cent to Rs 20.40 on April 20 from Rs 19.35 on April 13.

OMCs bleed: Shares of oil marketing companies (OMCs) tumbled up to 10 per cent after Brent crude advanced to nearly three-year high. Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL) and Indian Oil Corporation (IOC) slipped 8.32 per cent, 10.44 per cent and 2.87 per cent, respectively, during the past five trading sessions. The BSE Oil & Gas index declined 2 per cent to 14,333.81 on April 20 from 14,666.70 on April 13. Rumours that the government has directed OMCs to absorb Re 1 per litre price hike did all the damage.

52-week highs: The Ramco Cement, Ashok Leyland, Pidilite Industries, Tech Mahindra, HCL Technologies, Jamna Auto, Radico Khaitan, Mindtree and Godrej Consumer were among the stocks that hit fresh 52-week highs during the last five sessions.

52-week lows: Over 10 stocks in the BSE500 index scaled their new 52-week low levels during the week, which included The Lakshmi Vilas Bank, Siemens, HPCL, BPCL, Welspun India, Narayana Hrudayalaya and Idea Celluar.

Top gainers: As many as 16 stocks in the BSE500 index delivered over 10 per cent return to investors last week. Indiabulls Ventures, Parag Milk Foods and Bombay Burmah rallied nearly 20 per cent each during April 13-20. Jindal Stainless, Mindtree, Radico Khaitan, Sudarshan Chemicals and Take Solutions gained between 12-15 per cent during the week.

Top losers: Thirty stocks from the BSE500 index dipped over 5 per cent last week. The list included stocks such as Bajaj Hindusthan Sugar, Dena Bank, Future Lifestyle Fashion, Axis Bank, Balrampur Chini, Kwality, Reliance Communications and UCO Bank.

IT @ all-time high: The BSE IT index scaled its fresh all-time high of 13,387 on Friday as the rupee weakened against the US dollar and TCS posted better-than-expected financial results for March quarter. Shares of Mindtree, Take Solutions and 3i Infotech rallied over 10 per cent last week.

Tata Consultancy Services: Led by the smart rally in the stock, the company's market capitalisation moved up by Rs 41,300.92 crore to Rs 6,52,082.92 crore ($98.8 billion) on Friday. The stock is just Rs 7,917.08 crore short of a $100 billion mark market cap. Shares of the company spiked a day after it posted 5.71 per cent quarter-on-quarter and 4.48 per cent year-on-year rise in consolidated net profit at Rs 6,904 crore for the quarter ended March 2018. It had reported a net profit of Rs 6,531 crore in sequential quarter ended December 31, 2017 and Rs 6,608 crore in the corresponding quarter last year. Shares of the company settled 6.76 per cent up at Rs 3,406.40 on April 20.

Eveready Industries: Shares of the company hogged limelight on Friday after fair trade regulator CCI on imposed a total fine of Rs 215 crore on Eveready, Indo National, industry grouping AIDCM and their officials for cartelisation in pricing of zinc-carbon dry cell batteries. Eveready Industries closed 10.32 per cent down at Rs 328.35 on Friday.

Avanti stock split buzz: Shares of Avanti Feeds rallied over 7 per cent for the week ended April 20. The scrip jumped to Rs 2,358.50 on Friday from Rs 2,197.75 on April 13. The company informed bourses that the board will consider sub-division of face value of equity shares and issue of bonus shares on May 9.

Metal stocks shine: The Nifty Metal index spurted nearly 5 per cent to 14,731.96 for the week ended April 20 with all the constituents in the index ending in the green. Soaring metal prices including nickel and aluminum supported the metal majors on Dalal Street. Shares of Nalco and Hindalco advanced 12 per cent and 10 per cent, respectively, during the past five trading sessions. Vedanta, JSW Steel and Hindustan Zinc rallied up to 6 per cent.

Milking gains: Shares of Parag Milk Foods rose 20 per cent during the week gone by. During the week, the company informed bourses that it has acquired the Danone Foods and Beverages India's manufacturing facility of Curd, Yogurt and other related products at Rai, Sonipat, Haryana. “This acquisition would help expand the companys footprints in North India and strengthen companys fresh category distribution of Milk, Flavoured Milk, Buttermilk, Curd, Fresh Paneer and Yogurt in this region," it said in its BSE filing.

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