INSUBCONTINENT EXCLUSIVE:
The domestic equity market settled the volatile week with marginal gains amid some buying in financials as well as oil marketing stocks.
The
BSE Sensex advanced 67.50 points, or 0.18 per cent to 35,689 on June 22 from 35,622 on June 15
The NSE Nifty index added just 4 points, or 0.03 per cent, to 10,821 for the week ended June 22.
ICICI Bank, HDFC, BPCL, Bajaj Finserv and
HDFC Bank rallied up to 6.42 per cent in the Nifty index last week, while UPL, Hindalco, Coal India and HCL Tech slipped between 4-9 per
Below are the top stocks that buzzed during the week:
Bajaj Finance: Market value of Bajaj Finance on Friday surpassed Axis Bank for the
The market capitalisation of the finance company stood at of Rs 1,34,952 crore after the stock gained 3.5 per cent to close at Rs 2,335
Pune police on June 20 arrested six people, including the serving and a former CMD of the Bank of Maharashtra in a cheating case lodged
against city-based real estate developer D S Kulkarni and his wife
Bank of Maharashtra dipped nearly 2 per cent to Rs 13.34 for the week ended June 22.
Hotel Leelaventure: Cash-strapped hospitality chain
Hotel Leelaventure has defaulted on payment of quarterly interest of Rs 2.12 crore to Life Insurance Corporation of India (LIC)
Hotel Leelaventure, which currently has a debt of over Rs 3,600 crore, had issued secured redeemable non-convertible debentures on private
placement basis aggregating to Rs 90 crores to LIC in December, 2008
Shares of the company slipped nearly 6 per cent to Rs 18.10 on June 22 from Rs 19.25 on June 15.
IDBI Bank: Shares of IDBI Bank hogged
limelight on Friday after reports that government is considering to sell a 40-43 per cent stake in lender to Life Insurance Corporation of
India, potentially yielding it Rs 10,000-11,000 crore.
Top gainers: Vakrangee (up 27 per cent) stood top gainer in the BSE 500 index for the
It was followed by Jaiprakash Associates (up 19 per cent), Abbott India (up 13.69 per cent) and Adani Transmission (up 10.65 per cent).
Top
losers: Avanti Feeds dipped 16 per cent during the last five trading sessions
Hindustan Construction Company (down 15 per cent), Take Solutions (down 14.50 per cent) and Time Technoplast (down 12.15 per cent) stood
among top laggards in the BSE500 index.
IPO update: Initial public offerings by RITES and Fine Organic got fully subscribed this week
Railways consultancy firm RITES initial public offer garnered strong investor demand, with the issue getting subscribed more than 67 times
on the last day of bidding on Friday
On the other hand, chemical manufacturer Fine Organic Industries initial public offer was subscribed nearly 9 times on the last day of
bidding on June 22.
52-week high/low: Stocks including Dr Lal Pathlabs, Bajaj Finserv, Page Industries, Bajaj Holdings, Abott India, Bajaj
Finance and Reliance Industries scaled their fresh 52-week high during the week
On the other hand, Navkar Corporation, Dalmia Bharat, NHPC, NBCC (India), Jagran Prakashan, Suzlon Energy and SJVN hit their fresh 52-week
low last week.
Jubilant Industries: Porinju Veliyath-led Equity Intelligence India sold 98,910 equity shares of Jubilant Industries through
open market on June 18, 2018
The stock slipped 4 per cent to close at Rs 171.10 on BSE
The scrip dipped to Rs 164.35 on June 22 from Rs 183.60 on June 15.
