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2-min read

Weekly Stocks Update: Top Gainers and Losers for the Week Ended 4 October

Yes Bank Ltd investors had a roller coaster ride this week, with shares closing 13.5% lower on a weekly basis.

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Updated:October 4, 2019, 4:23 PM IST
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BSE
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Indian stock markets witnessed some correction this week, mainly weighed down by concerns over declining asset quality in India’s banking sector. The Reserve Bank of India (RBI)’s 25 basis points cut in repo rate also failed to enthuse investors. The benchmark S&P BSE Sensex and the Nifty 50 indices fell nearly 3% during the week ended 4 October. Here are the top five gainers and losers for the week:

TOP 5 GAINERS

BPCL: Shares of Bharat Petroleum Corp. Ltd (BPCL) continued their rally this week as well, rising 9.7%, on reports that the government was planning to sell its stake in the company.

HPCL: Shares of Hindustan Petroleum Corp. Ltd (HPCL) gained 4.9% this week owing to fall in crude oil prices after official data showed a rise in US crude inventories.

IOC: Indian Oil Corp. Ltd (IOC) shares also rose 3.8% during the week amid falling crude oil prices.

HCL Technologies: HCL Technologies Ltd gained 3.7% this week amid broader rally in IT stocks as the rupee struggled against the dollar.

ITC: ITC Ltd inched up 1.7% during the week as brokerages expected huge upside in the stock going ahead after cut in corporate tax rate.

TOP 5 LOSERS

Indiabulls Housing Finance: Indiabulls Housing Finance Ltd shares lost a massive 37% this week amid fresh concerns over its merger with Lakshmi Vilas Bank, after the latter was placed under the Reserve Bank of India’s prompt corrective action. Additionally, a public interest litigation filed in the Delhi High Court accusing the housing finance company of round-tripping funds also spooked investors.

IndusInd Bank: IndusInd Bank Ltd shares plunged 14.6% this week on concerns over the bank’s exposure to stressed sectors even as the lender clarified that its exposure to a large housing finance company (HFC) is fully/strongly collateralised with no overdues.

Yes Bank: Yes Bank Ltd investors had a roller coaster ride this week, with shares closing 13.5% lower on a weekly basis. The stock crashed earlier this week on account of the forced sale of 100 million equity shares (3.92% of the bank’s equity share capital) triggered by an invocation of pledge on the equity shares of a large stakeholder.

Zee Entertainment: Shares of Zee Entertainment Enterprises Ltd fell 13.4% during the week after global brokerage firm Morgan Stanley slashed its stock target price to Rs 248 from Rs 370 earlier amid debt concerns.

SBI: State Bank of India (SBI) shares dropped 11.1% amid a decline in rate-sensitive stocks after RBI’s monetary policy committee slashed benchmark repo rate by 25 basis points.

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Most Active
Company Price Change %Gain
Infosys 646.80 0.51
Yes Bank 50.85 -1.83
Axis Bank 719.90 1.00
Bajaj Finance 4,076.60 1.05
ICICI Bank 453.85 0.60
Company Price Change %Gain
Infosys 647.00 0.58
Yes Bank 50.90 -1.74
IRCTC 887.35 4.97
Indiabulls Hsg 208.70 -4.35
Bajaj Finance 4,072.35 1.00
Top Gainers
Company Price Change %Gain
Bajaj Finserv 8,207.00 2.47
HCL Tech 1,091.95 2.58
Titan Company 1,358.65 2.20
Britannia 3,319.00 2.18
Eicher Motors 20,330.00 1.76
Company Price Change %Gain
HCL Tech 1,092.30 2.62
SBI 275.20 1.76
Bajaj Finance 4,081.00 1.22
Maruti Suzuki 7,343.15 1.23
Axis Bank 719.15 0.91
Top Losers
Company Price Change %Gain
Adani Ports 398.65 -5.25
Tata Motors 129.75 -1.52
Zee Entertain 247.05 -1.36
Grasim 747.05 -1.19
ONGC 142.80 -1.01
Company Price Change %Gain
Tata Motors 129.75 -1.63
IndusInd Bank 1,325.55 -1.13
Yes Bank 50.90 -1.74
Larsen 1,427.40 -1.01
Kotak Mahindra 1,614.90 -0.86

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