Stock Fundamentals

Top Movers

BL RESEARCH BUREAU | Updated on July 07, 2012 Published on July 07, 2012

The Sensex and Nifty closed flat last week, up just about 0.5 per cent each. The midcap and smallcap segments fared much better, with the BSE Midcap index gaining 2.6 per cent and the BSE Smallcap index up 4.3 per cent. The broader BSE 500 gained 1.2 per cent through the week.



Chinese and European interest-rate cuts failed to do much to put the zing back into investor confidence. Not helping sentiment was the less-than-forecast rise in U.S. payrolls. The MSCI Emerging Markets lost 1 per cent on Friday trimming its weekly advance to 0.9 percent.

While the bellwethers closed on a sedate note, a handful of stocks recorded strong gains during the week.

3i Infotech allotted 22.6 crore shares at Rs 19.74 a share to its lenders for restructuring debt. The stock was up a strong 27 per cent for the week.

The stock of KSK Energy Ventures was up 21 per cent after its parent company KSK Power Venture said that it expects a significant margin improvement in the coming year.

The board of directors of Nitin Fire Protection at its meeting held on May 29 proposed a round of fund raising. The stock was up 20 per cent for the week.

The Board of GTL Infrastructure, at its meeting held on July 3, considered a proposal to restructure its outstanding foreign currency convertible bonds. The stock closed the week with a 15 per cent gain.

Punj Lloyd was up 14 per cent on hopes of resuming work on its pending projects in Libya which is reported to worth about $800 million.

Beaten down durable stocks such as Blue Star and Whirlpool were up 13 per cent each for the week.

Eros International signed a licensing agreement with Viacom 18 Media for new and forthcoming releases and library films in India. The stock was up 13 per cent for the week.

Retail stocks surged on hopes that the government may revive policy on allowing foreign direct investments in multi-brand retail, once presidential elections are over on July 19. Retail majors Shoppers Stop and Trent were up 10 and 7 per cent for the week.

According to reports, the Supreme Court has asked Karnataka to hand over land to Nandi Economic Corridor Enterprises, a unit of BF Utilities. The unit is building a 164-kilometer expressway connecting Bangalore and Mysore. The stock of BF Utilities was up 10 per cent for the week.

Morgan Stanley is reported to be in talks to acquire stake in debt-laden Lanco Infratech’s thermal power business. The stock closed the week with a gain of 9 per cent.

Crompton Greaves has kick-started its exercise to reduce overheads and rationalising workforce at its Belgium operations, and has begun consultation processes with the workforce to ensure smooth execution. The stock was up 8 per cent for the week.

The stock of Jain Irrigation surged 8 per cent through the week after it got regulatory approval from the Reserve Bank of India to launch a non-banking finance company (NBFC). The NBFC is to be named Sustainable Agro-commercial Finance Ltd. (SAFL), and will provide agri-loans, besides other financing options, centring on the farm sector. It will primarily operate in rural and semi-urban areas.

Synthetic textiles major JBF Industries signed a licensing agreement with British Petroleum to produce purified terephthalic acid using BP’s technology. The stock was up 6.5 per cent for the week.

Promoter holdings in Kingfisher Airlines dipped to 35.86 per cent from 43 per cent. The stake decline was the result of an increase in the number of shares due to conversion of warrants into equity issued to LKP Finance. The stock was down 5 per cent for the week.



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