Tata Steel stocks: The week that was: Top 10 stocks that buzzed the most during the week
Steelmakers reported a record number of shipments in the fourth quarter, with the growth driven by higher prices and strong demand. Among sector indices, the metals pack saw a phenomenal 10 percent run, while most of the others traded in tandem with the benchmark and ended with modest gains.
“It’s a shortened vacation week and attendees will be eyeing macroeconomic data. While we have yet to see a major impact of the second wave of COVID on the markets, news of a strict lockdown in several states could deteriorate sentiment ahead. Overall, participants are also closely monitoring vaccine collection, ”said Ajit Mishra, Vice President (Research), Religare Broking.
Here are the key actions that buzzed the most during the week:
Tata chemicals: The stock was the biggest loser among BSE 500 stocks as its earnings performance was disappointing. The certificate ended the week down 14.25% to Rs 680.
Tata Consumer Products: Nifty’s newest entrant also disappointed Dalal Street with fourth quarter numbers and analysts said the stock is likely to underperform the market. As a result, the stock closed the week down 6.37 percent at Rs 629.
VIP industries: The luggage maker continues to underperform as travel prospects deteriorate day by day as the pandemic tightens the country. The stock fell 3.27 percent to close at Rs 333.30.
RIL: In the week following its results, Reliance Industries also disappointed investors. Analysts believe there is less chance that profits will increase for the company. The stock fell 3.17 percent to Rs 1,931.30.
Distriparks Gateway: The logistics company is under further strain as the pandemic has worsened in India and much of the country faces logistical challenges. The stock rose in anticipation of more business in an emerging scenario. It closed at Rs 258.55, up 26.80%.
again gained 14.35 percent to Rs 1,182.35 after performing much better than street expectations and profit visibility for the following year. Its European factory is expected to strengthen its profits in the future.
SAIL, Nalco: Rising commodity prices are driving sharp rises in metal meters as investors expect another round of price hikes. SAIL added 20.76% to Rs 144.25 and Nalco 17.39% to Rs 75.95.
Café Tata: Arabica coffee price fluctuations reached their highest level of the year, spurred by supply uncertainty among major producers in Brazil and Colombia and by a bullish tone in most major markets of the United States. basic products. This led to an increase in the stock of Tata Coffee during the week. The meter advanced 17.02 percent to Rs 153.
Balrampur Chini Mills: Shares of sugar companies rose as demand for ethanol increased. The price of sugar has also increased in international markets. The stock was among the best performing sugar stocks registering a gain of 13.87 percent to Rs 316.95.