Stock Fundamentals

Top Movers

| Updated on November 15, 2017 Published on January 14, 2012

Hopes of renewed policy reforms, easing inflation and rebound in IIP numbers drove the Sensex to its highest weekly close in five weeks. The Sensex gained by 1.9 per cent over the week, while the Nifty ended 2.5 per cent higher. Even midcap and Smallcap index staged a comeback.

Among the BSE sectoral indices, realty, metal, and power were the top performers. Revival in IIP numbers for November rubbed off positively on the Capital Goods Index, which gained by about 8.5 per cent. Stock prices of ABB, L&T, BHEL and Reliance Industrial Infrastructure ended on a positive note.

The BSE IT index, however, lost 7 per cent following the flat guidance of Infosys Technologies. Though Infy managed to beat analysts' estimates for the December quarter, its lacklustre guidance weighed on the sector, what with Infosys, TCS and HCL Tech closing 4-9 per cent lower.

The stock of Lanco Infratech surged by 41 per cent after it filed an insurance claim of around Rs 200 crore under the advanced loss of profit policy for delay in Anpara Power project in Uttar Pradesh.

With the Government allowing 100 per cent FDI in single-brand retail, hopes that foreign investment in multi-brand retail could follow drove the stock price of Provogue, Shoppers Stop, Lovable Lingerie and Trent up.

Thomas Cook shares soared by 12 per cent following speculation of a possible stake sale by its UK promoters as they pledged their entire stake with Royal Bank of Scotland PLC. This buoyed up the stock of Cox and Kings by about 22 per cent.

Shares of sugar companies shot up amid buzz of a partial decontrol of this sector, an old demand of the industry. Triveni Engineering, Shree Renuka Sugars, Bajaj Hindustan were among the gainers.

News that a Group of Ministers could meet to allow foreign entities to pick up stakes in Indian airlines drove the stocks of Jet Airways, Kingfisher Airlines and SpiceJet up by about 19 to 25 per cent over the week.

The stock of Wockhardt gained by about 23 per cent following the FDA approval to market generic nasal spray of Fluticasone, used in the treatment of allergic rhinitis, in the US.

Coal India shares rose 7 per cent after it said it will sign a five-year agreement with its worker unions to increase wages by 25 per cent as against 30-40 per cent demanded.

Read further by subscribing to

The Hindu Businessline

What You'll Get

  • Web + Mobile

    Access exclusive content of the Hindu Businessline across desktops, tablet and mobile device.

  • Exclusive portfolio stories and investment advice

    Gain exclusive market insights from the Hindu Businessline's research desk.

  • Ad free experience

    Experience cleaner site with zero ads and faster load times.

  • Personalised dashboard

    Customize your preference and get a personalized recommendation of stories based on your intrest.

This article is closed for comments.
Please Email the Editor