Business & Investment

Weeks with 10 shares: Borosil Renewables zoom 40%, TaMo increase 30%

New Delhi: The domestic stock market extended Brulan for the second straight week as the benchmark index expanded its new lifelong peak, supported by positive clues.

BSE Sensex and its broad peer Nifty50 each added over 2% during the week. The BSE mid-cap index soared by more than 3%, while the small cap index soared by 2%, so the broader market rose with the benchmark index.

The automotive sector led the rally in hopes of a recovery in demand ahead of the busy festive season, followed by rising metal, energy, banking and financial stocks.

“The IT sector is likely to experience poor performance as the metal sector is entering a new expansion phase, while lowering highs and lows, and will continue to see a positive rise,” said Santosh Mina. It can be seen. ” Research of Swastika Invest Mart.

In the BSE500 index, more than 350 stocks closed the week with positive notes and the rest closed with cuts. Among the winners, over 40 counters recorded an increase of over 10 percent during the week.

Here are some of the stocks that have been talked about during the week:

Borosil Renewables: During the week in the midst of the global energy crisis, solar energy surrogate play expanded 40 percent to Rs 453.3. It is the only solar glass producer in India that has a clear tailwind for its business.

IDBI Bank: LIC-owned lenders surged 31% to Rs 62.6 after a rating upgrade from ICRA. This shows interest in strategic withdrawal of investment in banks by December and ace investor Rakesh Jhunjhunwala has acquired the shares.

Tata Motors: After investing approximately Rs. 750 billion in a wholly owned electric vehicle subsidiary of the private-equity fund TPG Group, homemade car majors expanded 30% to Rs 497.45.

The DVR increased by 30% to 247.70 rupees.

Energy stock:
With the shortage of coal, the focus was on energy stock. Inox Wind rose 29% to Rs 128.8, while Tata Power rose 26% to Rs 222.45. Swelect Energy Systems rose 23% to Rs 279.9.

Avenue Super Mart: DMart retail chain operators rose 21% to Rs 5,329.65 in anticipation of strong second-quarter performance of the company. The company’s results were announced on Saturday. Net income for the September quarter was up 113% to Rs 448.9.

Sona BLW Precision Forged: A week after the recently listed auto parts maker announced a collaboration with the Indian government, Future Skills Prime, NASSCOM has upgraded its workforce by adding 20% ​​to Rs 755.05.

Gateway distribution: Smallcap logistics players performed well this week as marquee investor Ashish Cachoria bought 19,17,606 shares of the company in the September quarter, or a 1.54% stake. Scrip increased by 17% to Rs 287.9.

SREI Infrastructure Finance: NBFC suffering from cash flow fell 19% to Rs. 5.74 as the RBI replaced the company’s board of directors due to governance concerns and defaults. It initiates bankruptcy proceedings against the company.

Nazara Technologies: Game players fell 11% to Rs 2,772.3 in the week prior to the extraordinary general meeting scheduled for November 2.

BLS International Services: Visa processing service players abandon 11% to 240.55 rupees in a week after the company notifies the stock exchange that they are not authorized to process visa applications for the Brazilian Embassy in India for administrative reasons. bottom.

Tata Consultancy Services: The best IT majors were down 8% to Rs 3,611.3 due to disappointing quarterly results in September 2021. Its second-quarter earnings and margins fell short of Street expectations.

Weeks with 10 shares: Borosil Renewables zoom 40%, TaMo increase 30% Weeks with 10 shares: Borosil Renewables zoom 40%, TaMo increase 30%

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