The week in 10 stocks: Timken, KEI, Dilip Buildcon, RPower among big winners

NEW DELHI: It was a breathless week for Dalal Street as equity benchmarks hit new highs and rallied nearly 4 per cent. BSE Sensex zoomed 1,504 points to 39,434 as of May 24 from 37,930 on May 17, while NSE’s Nifty gained 437 points to 11,844.

Since the beginning of the week, the bulls were in the driver’s seat after exit polls projected a comfortable majority for the BJP-led National Democratic Alliance (NDA).

While euphoria over the election results helped Sensex and Nifty cross the psychologically important 40,000 and 12,000 levels for the first time on Thursday, the rally fizzled out as traders booked profit in the later part of the day. However, buying on the last day of the week helped the indices settle at all-time closing highs.

There are expectations that the landslide victory for the BJP will improve business sentiment and outlook for private investment.

Here is a list of top stocks and sectors that kept buzzing through the week.

Stocks that rallied up to 29%

As many as 118 stocks on the BSE500 index managed to deliver over 10 per cent returns to investors during the week gone by. They included Timken India (up 29 per cent), KEI Industries (27 per cent), Reliance Power (27 per cent), Dilip Buildcon (up 25 per cent) and JK Cements (up 23 per cent).

10 scrips that cracked

Just 10 stocks on the BSE500 declined over 5 per cent during the five sessions. Jubilant Life Sciences declined 14 per cent, followed by Eris Lifesciences (down 12 per cent), Procter & Gamble Health (10 per cent), Torren Pharma (down 7 per cent) and Tech Mahindra (down 7 per cent).

Stocks @fresh all-time highs

Over 25 stocks on the BSE500 index hit fresh all-time highs during the week. The list included several blue chips including Titan, L&T, Axis Bank, HDFC, ICICI Bank, Kotak Mahindra Bank and SBI. DCB Bank, DCM Shriram, City Union Bank, Manappuram Finance and Sunteck Realty also scaled new lifetime peaks.

Scrips at fresh lifetime lows

On the BSE500 index, Central Bank of India, The New India Assurance, Vodafone Idea and Thyrocare Technologies reeled and touched new all-time lows.

Sectoral update: It’s all green

Barring the FMCG (down 1.86 per cent) and IT index (down 0.35 per cent) on the BSE, other sectoral indices ended the week in green. The BSE Capital Goods and Realty indices jumped nearly 11 per cent each. Bankex, Telecom, and Power indices rallied over 5 per cent each.

Second-rung stocks on a high

Second-rung stocks outperformed equity benchmark Sensex during the week gone by. BSE Midcap index advanced 4.45 per cent to 14,945 in five sessions, while BSE Smallcap index gained 5.85 per cent to 14,699.

Top Nifty gainer

IndusInd Bank: The private second lender emerged as a top gainer in the Nifty pack during the week gone by with a 20 per cent rise. The stock gained traction after it posted robust top line growth for fourth quarter of FY19. Total income increased 28.88 per cent to Rs 7,550.43 crore in Q4FY19 from Rs 5,858.62 crore in the same period last year. However, the bank reported a 62.22 per cent dip in profit at Rs 360.10 crore. Bottom line got impacted due to provisioning for its exposures to IL&FS.

Larsen & Toubro: Shares of the company jumped over 13 per cent for the week ended May 26 to end at Rs 1,544. The infrastructure major on Thursday acquired over 24.9 lakh shares of Mindtree from open market, taking its shareholding in the IT services firm to 28.45 per cent, according to a regulatory filing. “L&T has acquired 24,99,619 equity shares (with a face value of Rs 10 each) of Mindtree on May 24, 2019," a BSE filing showed.

Top Nifty losers

Tech Mahindra: Shares of the IT firm declined 6 per cent to Rs 735.90 on May 24 from Rs 784.90 on May 17. The scrip witnessed selling pressure after posting lower-than-expected result for March quarter. The company posted 8.47 per cent YoY dip in consolidated profit at Rs 1,126.60 crore for the quarter against to Rs 1,230.80 crore reported for the corresponding quarter last year.

DHFL: Shares of Dewan Housing cracked over 9 per cent on Wednesday after the NBFC said it would neither accept new deposits nor allow premature withdrawals. Premature withdrawals would be allowed only in cases of medical or financial emergency, DHFL said. However, the scrip advanced 7 per cent to Rs 120.50 during the week.