Stock Fundamentals

Top Movers

| Updated on December 17, 2011 Published on December 17, 2011

Markets ended Friday's trade with a resounding 2.2 per cent crash, hitting a new 52-week low. In fact, about 160 stocks in the CNX 500 index hit 52-week lows during the week.

The benchmark BSE Sensex and NSE Nifty closed the week with a loss of 4.5 per cent each. The BSE Midcap and BSE Smallcap indices had worse run, falling 6 per cent by the end of the week. The broader CNX 500 index too closed with a loss of 4.8 per cent, while the Nifty Junior lost 5.1 per cent.

Among the BSE sector indices, the worst hit was the Capital Goods index which ended down 10 per cent. Other heavy losers included the Bankex, Metals and Realty indices which lost between 7 to 8 per cent through the week.

Defensive FMCG index restricted losses to just 0.7 per cent, shrugging off a government directive restraining companies from selling non-standard pack sizes and weights. The Healthcare index too had a relatively better week, shedding 1.4 per cent. A depreciating rupee helped the IT index limit weekly loss to 0.4 per cent.

The stocks of Essar Ports and Essar Shipping plummeted 23 and 29 per cent respectively by the end of the week after the CBI charge-sheeted promoters of the Essar Group in the 2G scam.

The stock of 3i Infotech plunged 23 per cent in a week to hit a new low after rating agency CRISIL downgraded its debt to junk status.

Meanwhile, another rating agency caused a 12 per cent slide in the stock of real estate major Unitech International agency, Fitch Ratings, removed the company from its coverage universe citing lack of adequate information.

A continued overhang of stalling FDI in organised Indian retail led to a 22 and 23 per cent dip in the stock prices of retailers Provogue India and Pantaloon Retail.

A depreciating rupee negating a cooling off in global gold prices continued to weigh on Titan Industries, with the stock tanking 13 per cent through the week.

Metal stocks lost heavily on concerns of a fall in realisations on the backs of a slowdown in the global economy. The stocks of JSW Steel and NMDC lost about 13 per cent each while Tata Steel, SAIL and Sterlite Industries fell between 8 and 12 per cent.

A shrinking industrial production in the IIP data for October sparked a decline in capital goods stocks. Crompton Greaves, ABB and BHEL lost between 5 per cent and 9 per cent while Thermax, BGR Energy Systems and Suzlon Energy shed 10 to 15 per cent of their stock price.

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