Weekly Stocks Update: Check Top Gainers and Losers for the Week ended on September 13

Last week was a truncated week due to holidays.  Sensex and Nifty remained volatile but managed to rise of over 1% due to possibility of a rate cut by the central bank in the next review meet triggered a good bounce in the rate-sensitive pack like banking and real estate stocks. S&P BSE Sensex rose 403.22 points, or 1.09% to 37,384.99 in the week ended 13 September, while the Nifty 50 index jumped by 129.70 points, or 1.2% to 11,075.90.

Now let’s check top five gainers and losers for the recently-concluded week:

TOP 5 GAINERS

The gainers are mostly from Banking space  

Yes Bank: Yes Bank shares rose sharply by 13.5% during the week due to speculations about change in the bank’s shareholding as reported by media. The bank’s founder Rana Kapoor reportedly is in talks with Paytm to sell his entire stake in the bank for up to Rs 2,000 crore.

BPCL: Shares of oil marketing company Bharat Petroleum Corp. Ltd (BPCL) jumped by 7.8% this week amid reports the government selling stake in the state-run firm to a global oil company.

Tata Motors: Tata Motors Ltd shares bounced 6.9% after the company’s subsidiary Jaguar Land Rover (JLR) reported better-than-expected retail sales in China, rising 17.4% YoY in August 2019.

State Bank of India: Shares of State Bank of India (SBI), jumped 6.5% this week after the bank said it will raise up to Rs 3,465 crore by selling up to 4.5% stake in its insurance subsidiary SBI Life Insurance Company.

Hindalco: Shares of Hindalco Industries Ltd advanced by 6.3% during the week amid a sharp rally in metal stocks. Talks of cooling down trade war tensions between China and America helped other metals stocks to jump too

TOP 5 LOSERS

Last week Rupee appreciated which caused IT index to underperform. Hence 3 out of 5 losing stocks are from IT bucket

Zee Entertainment: Zee Entertainment Enterprises Ltd shares dropped 3% during the week. Essel group is in race against time to pay back its pending dues

HCL Technologies:  HCL Technologies Ltd (HCL) slipped 2.9% this week after the company announced it has acquired a 100% stake in a technology design services firm, for Rs 180 crore and also due to rupee appreciation

TCS: Tata Consultancy Services Ltd declined by 2.6% during the week as entire IT Index declined due to a strengthening rupee against the dollar.

Wipro: Wipro Ltd shares lost 2.5% this week amid reports promoters over a billion dollars (Rs 7,300 crore) worth of stock in the buyback programme announced by the company.

NTPC: NTPC Ltd shares slipped 2.3% on news of consolidation in which smaller power companies will be merged with NTPC.

About Us

We are a neo advisory firm that believes in Goal based investment. We offer advisory services in Mutual Funds and retirement/ Life insurance domain. For any clarification / investment needs call us on +91 9325295502. 

We are now on Instagram. Visit us on www.instagram.com/growwealthadvisors