Business & Investment

Week: Sugar and health care inventories surged.Metal counters lose their luster

New Delhi: The domestic stock market saw range-bound trading with a negative bias last week amid mixed clues. The week when the holidays were truncated was extended in most states, affected by rising inflation in the United States, problems related to vaccine supply, and concerns about the surge in Covid-19 infections in India. Higher-than-expected measurements on the CPI and industrial production, as well as in-line fourth-quarter earnings reports, failed to raise investor sentiment towards Daral Street.

Benchmark BSE of the week Sensex Wider NSE shed 473.93 points or 0.96 percent to settle at 48,732.55 Nifty 50 The barometer decreased by 145.35 points or 0.98 percent to 14.677.8. BSE mid-cap gauges and small cap gauges each fell by up to 0.5% in a week, but exceeded the headline index.

Metal inventories remained focused this week as China announced a series of steps to tighten control of its steel production capacity. Sugar inventories continued to be in demand as demand for ethanol increased. In the ongoing Covid crisis, the focus continued on healthcare securities.

“The market traded under pressure last week and lost nearly a percentage under pressure from weak global cues. In the week of shortened holidays, the benchmark began with positive notes, but in the next session Selling pressure has reduced all profits, and global investors feared that the recent surge in US inflation could drive rate hikes faster than expected. Domestically, early peaks in India Signs limited the downside. ” Religare Brokering.

“In the absence of major events, participants will pay attention to global index performance, US bond yields, rupee movements against the US dollar, and crude oil prices. Needless to say, Covid-related updates and vaccine progress. The situation drive will also be focused on. ”

Here are 10 stocks that caught the move on Daral Street last week:

Bajaj Hindusthan Sugars ,, Praj Industries: Sugar inventories were in the sweet spot amid rising international prices and rising outlooks due to the drought in Brazil and rising demand for ethanol from oil market companies (OMCs). Bajaj Hindusthan Sugars rose 25% to Rs 12.85, Shree Renuka rose 21% to Rs 14.75 and Praj Industries rose 17% to Rs 313.05.

Godrej Consumer Products: Share prices of personal care companies surged as the board appointed Sudhir Sitapati as CEO and MD, reporting a modest increase in quarterly net income. FMCG Major increased its consolidated net profit for the quarter ended March 2021 by 59.13% to Rs 365.84.

UPL, Chamber Fertilizers & Chemicals, Nath Bio-Genes: Agricultural stocks have rebounded as a strong monsoon outlook, and rising expected prices could be widespread for the sector, leading to a revaluation of the pack. Nath Bio-Genes rose 25% to Rs 436.6 and Chambal Fertilizers rose 23% to Rs 270.45. UPL increased by 18% to 743.3 rupees

Gufic Biosciences, SPARC, Shalby: The counters of pharmaceutical companies have increased due to the worsening of the national health crisis. Gufic Biosciences surged 33%

That week, it rose 20% and Shalby surged 18%.

Tata Metallics, Jindal Steel & Power, sail: Metal packs were hit after China’s top producer Tangshan warned the factory to maintain market order.

It fell 13% to 1,026.2 rupees and 13% to 417.3 rupees. I put 12% in the tank up to 127.15 rupees.

Venky’s India: The only listed poultry farm in the country has surged quarterly sales. The company returned to profitability in the March quarter, recording a net profit of Rs 77.90 against a net loss of Rs 96.73 in the year-ago quarter. This week’s scrip rose 34% to Rs 2,195.3.

Neuland Institute: Small pharmaceutical companies fell 23% in a week to Rs 2,075.7 after reporting a quarter-on-quarter net profit decline in the fourth quarter. The company posted a net profit of Rs 17.29 for the quarter ending March, compared to Rs 26.67 for the quarter ending December 31, 2020. We posted a net loss of Rs 9.30 for the quarter ended March 2020.

IndiaMART Intermesh: E-commerce stocks fell 9% in a week due to sluggish performance in the March quarter. The total revenue of B2B e-commerce companies increased by 1% from 187 rupees in the corresponding three months a year ago to 190 rupees in the fourth quarter.

HBL power system: Battery producers’ share surged 21% as the government approved a PLI scheme to reduce the cost of domestic electric vehicles and promote battery storage to facilitate transportation in a new era.

Grindwell Norton: Counters surged 15% in a week after abrasive, ceramic and plastic manufacturers achieved strong profit growth of 29.3% on Covid hit FY21.

Week: Sugar and health care inventories surged.Metal counters lose their luster Week: Sugar and health care inventories surged.Metal counters lose their luster

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