Market This Week: During the past week, approximately 30 stocks witnessed a rise of 10% or more. Of these, over 5 stocks surged by more than 15%, while 2 stocks recorded a b increase of over 20%.
The domestic stock market remained under pressure last week. With the beginning of the earnings season, weakness was observed in the major indices. However, amidst this decline, some selected shares provided b returns to investors. While the Sensex and Nifty declined, many mid and small-cap stocks saw a tremendous surge.
Sensex and Nifty Down Over 1 Percent
In last week's trading, the Sensex fell by 932 points, or 1.11 percent, to close at 82,500. Similarly, the Nifty closed at 25,149, down 311 points, or 1.22 percent. Both major indices remained under pressure, and investors saw limited returns.
Weakness in the Broad Market, Breaking Two Weeks of Gains
The BSE Small-Cap Index fell by 0.6 percent this week, while the Mid-Cap and Large-Cap indices declined by approximately 1 percent. Prior to this, mid and small-cap stocks had seen gains for two weeks, but the market direction changed this week. Large-cap stocks continued to show weakness for the second consecutive week.
Sectoral Performance: Telecom and IT Sectors Most Weak
The telecom sector proved to be the weakest during the week. The BSE Telecom Index fell by 4.4 percent. The IT sector also recorded a decline of over 3 percent. The Consumer Durables Index fell by 2.7 percent, while the BSE Metal, Auto, Energy, Oil & Gas, and PSU Bank indices declined by approximately 2 percent each.
However, some sectors performed better. The FMCG index rose by 2 percent, and the Power Index also saw a gain of 0.6 percent.
Peninsula Land Top Performer, Up 39 Percent
This week, the share of Peninsula Land saw the highest increase, rising by a full 39 percent. This share was among the top-performing stocks of the week and brought significant benefits to investors' portfolios.
Jaiprakash Power Ventures and John Cockerill Also Top Gainers
Jaiprakash Power Ventures also gave investors a return of over 21 percent. In addition, the share of John Cockerill India saw a rise of over 19 percent. Both of these stocks were included in the list of top gainers and maintained their b position amidst the falling market.
Dish TV, Shiva Cement, and Force Motors Up 15-20 Percent
Among the stocks that recorded a gain of 15 to 20 percent during the week, Dish TV, Shiva Cement, and Force Motors were prominent. Trading was brisk in the shares of these companies, and investor interest remained b.
These Stocks Gave a Return of 10 to 15 Percent
Other shares that recorded gains of 10 to 15 percent included Lemon Tree Hotels, Flair Writing, SML Isuzu, Gabriel India, Religare Enterprises, PC Jeweller, Venus Pipes, Medi Assist Healthcare, and Transport Corporation.
These stocks maintained their b positions despite the decline in the broad market and proved to be an opportunity for small investors.
Stock-Specific Movement Continued Despite Weakness
Although the market direction was weak this week, stock-specific movement continued. That is, there was a continuous cycle of b buying in some shares and a decline in others. Because of this, many investors benefited despite the decline, especially those who recognized b shares at the right time.
