InvestorQ : What are the stocks that gained during the last week ended 27 Nov and what were the key losers?
Anu Biswas made post

What are the stocks that gained during the last week ended 27 Nov and what were the key losers?

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Ria Jain answered.
3 months ago
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After the sharp rally of the previous week, the last week was rather mixed. While it did manage to briefly breach the 13,000 mark on the Nifty, it closed just below that level. The gainers and the losers were equally divided among the top 10 stocks.

For the week, the big action was confined to just a handful of stocks that made a big difference to the numbers. The combined market cap of these firms fell by Rs.91,699 crore during the week, making a depletion after almost 3 weeks of consistent upticks.

The biggest for some time has been RIL and this week was no different. Reliance Industries was the worst hit losing Rs.60,829 crore in terms of market cap in a single week. The stock has now lost nearly 25% from the peak levels of Rs.2300 that it had scaled earlier this month.

Then there other losers too including some marquee stocks like HDFC losing Rs.13,704 crore while Bharti Airtel valuations fell by Rs.11,020 crore and ICICI Bank lost close to Rs.5,091 crore. So the correction did extend well beyond RIL also.

On the other hand, HDFC Bank was the big gainer during the week adding Rs.20,483 crore to market cap. Among the other that added to the market cap of the index; Bajaj Finance added Rs.11,181 crore, TCS added Rs.7,336 crore and Hindustan Unilever added Rs.4,135 crore.

In the last few weeks, the sharp rally in HDFC Bank and Bajaj Finance has held the interest in financial stocks with both stocks showing tremendous traction after correcting sharply in the last few months. Bajaj Finance recently entered the top-10 easing HCL Tech out of the top 10 slot.

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image
Ria Jain answered.
3 months ago
Follow

After the sharp rally of the previous week, the last week was rather mixed. While it did manage to briefly breach the 13,000 mark on the Nifty, it closed just below that level. The gainers and the losers were equally divided among the top 10 stocks.

For the week, the big action was confined to just a handful of stocks that made a big difference to the numbers. The combined market cap of these firms fell by Rs.91,699 crore during the week, making a depletion after almost 3 weeks of consistent upticks.

The biggest for some time has been RIL and this week was no different. Reliance Industries was the worst hit losing Rs.60,829 crore in terms of market cap in a single week. The stock has now lost nearly 25% from the peak levels of Rs.2300 that it had scaled earlier this month.

Then there other losers too including some marquee stocks like HDFC losing Rs.13,704 crore while Bharti Airtel valuations fell by Rs.11,020 crore and ICICI Bank lost close to Rs.5,091 crore. So the correction did extend well beyond RIL also.

On the other hand, HDFC Bank was the big gainer during the week adding Rs.20,483 crore to market cap. Among the other that added to the market cap of the index; Bajaj Finance added Rs.11,181 crore, TCS added Rs.7,336 crore and Hindustan Unilever added Rs.4,135 crore.

In the last few weeks, the sharp rally in HDFC Bank and Bajaj Finance has held the interest in financial stocks with both stocks showing tremendous traction after correcting sharply in the last few months. Bajaj Finance recently entered the top-10 easing HCL Tech out of the top 10 slot.

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