RVNL, HAL among 24 BSE 500 stocks with double-digit returns this week. Over 220 stocks end in red
Last week was eventful, though truncated. The BSE 500 index ended with an uptick of 664 points or 2%, following the footsteps of the headline index S&P BSE Sensex that gained 1,500 points or 2% to hit an all-time high of 75,636. The two defence PSU counters and railway play RVNL ended the week with an uptick of 35%, 32% and 27%, respectively.
State-run , and () were among two dozen in the BSE 500 which delivered in the truncated but eventful week gone by, where BSE 500 index ended with an uptick of 664 points or 2% tracking gains of 1,500 points or 2% by the headline index S&P BSE Sensex. The latter also hit an all-time high of 75,636.The two defence counters and railway play RVNL ended the week with an uptick of 35%, 32% and 27%, respectively. Meanwhile, subsidiary Hindustan Zinc (HZL), and Finolex Cables were other top performers, each returning in excess of 20% during the week.
Bharat Electronics (BEL), Mazagon Dock Shipbuilders, Hindustan Aeronautics (), Union Bank of India, Shipping Corporation of India were the other stocks in the PSU space with between 19.70% and 11.84%.
Two Adani stocks — Adani Power and Adani Enterprises — along with Mactrotech Developers were the top performers with 11% returns in the four sessions this week.
In the broader market where closed with gains of 2.5%, stocks including Uno Minda, Vodafone Idea, Zee and Solar Industries India yielded 14.04%, 12.77%, 12.37% and 11.41%, respectively. On the other hand, smallcap counters Balkrishna Industries, CIE Automotive, Indiabulls Real Estate, Vinati Organics, Aegis Logistics, and Johnson Controls - Hitachi Air Conditioning India ended with up to 18% returns.
There were 241 stocks which have given positive single-digit returns, including the likes of Sudarshan Chemical Industries (9.67%), Saregama India (9.48%), Aditya Birla Fashion and Retail ( ABFRL, 9.46%) and Indian Railway Finance Corporation (IRFC, 9.03%).
Among major largecaps with single-digit returns were Hindustan Petroleum Corporation (HPCL, 7.26%), Life Insurance Corporation of India (LIC, 6.15%), Cipla (6.14%), Larsen & Toubro (L&T, 5.10%), HDFC Bank (3.53%), Bharti Airtel (3.31%) and Reliance Industries (RIL, 3.10%). ICICI Bank, Yes Bank and Kotak Mahindra Bank ended the week flat.
Not all was hunki-dori for the index as over 220 stocks ended in the red. The worst performers were Brightcom Group (-14.35%), TeamLease Services (-12.51%) and Delhivery (-10.81%).
The other widely tracked stocks which underperformed this week were Jyothy Labs (-5.83%) Zomato (-6.08%), PB Fintech (Policybazaar, -3.74%), Godrej Properties (-4.09%), Shree Cement (-3.26%), Hindustan Copper (-3.31%) Interglobe Aviation (-2.64%), Varun Beverages (1.13%) and DLF (-0.94%).
In the BSE 500 index, 67 stocks hit their fresh 52-week highs, including Cochin Shipyard, Bharat Dynamics, RVNL, BEL, Mazagon Dock, Adani Power, Adani Enterprises, HUDCO and Bharti Airtel.
(With inputs from Ritesh Presswala)
(Disclaimer: This is an AI-generated article. Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Source: Stocks-Markets-Economic Times
