New Delhi: Bulls lost momentum during the holiday-trimmed week as domestic equity benchmark indices settled lower during the week, thanks to profit booking after a good start at the beginning of the week.

Both Sensex and Nifty touched their fresh record high levels of 56,118.57 and 16,701.85, respectively, but settled about half a per cent lower during the week. BSE midcap and smallcap indices declined 1.1 per cent and 2.3 per cent, respectively.

FMCG and IT indices managed to post decent gains, whereas metals succumbed to selling pressure. Realty and PSU banks were among other top losers.

“Initially, the bias was positive. However, concerns over earlier than expected stimulus tapering by the US Fed combined with rising Delta variant COVID cases globally derailed the momentum,” said Ajit Mishra, VP Research, Religare Broking.

Nifty may see further slide next week. However, the fall could be gradual, thanks to resilience in select sectors and index majors, he added.

In the BSE500 index, about 390 stocks ended the week on a negative note while the rest closed with gains. Among the gainers, over 30 counters registered a fall of more than 10 per cent during the week.

Here are 10 stocks that buzzed the most during the week:

VST Tillers Tractors: The commercial vehicle firm advanced 40 per cent to Rs 2,656.85 during the week after the company announced a 40 per cent jump in profit after tax to Rs 24.01 crore, whereas revenue jumped 33 per cent to Rs 193.6 crore in the June 2021 quarter.

Fiem Industries: The auto parts manufacturer has become the sole supplier to Ola Electric for headlamps, tail lamps, indicators, rear fender assembly and mirrors. The counter soared 29 per cent to Rs 979.35 in the week gone by.

Hospital stocks: Shares of healthcare facilities were in demand on Tuesday after reporting a health revenue growth and increase in bed occupancy rates. Fortis Healthcare and

advanced 17 per cent each to Rs 277.65 and Rs 4,750.65, respectively. Aster DM gained 16 per cent to Rs 187.9.

Adani stocks: Gautam Adani’s Adani Total Gas acquired 50 per cent stake in Smartmeters Technologies. The counter surged 17 per cent to Rs 1,065.1.

was on the radar as the scrip added 16 per cent to Rs 1,123 after Sterlite Power Transmission filed DRHP with Sebi.

Mindtree: The midcap IT player jumped 15 per cent to Rs 3,347.6 as it is seeing healthy traction in travel clients, led by leisure travel). An increase in business travel will further boost growth.

Ujjivan Small Finance Bank: The recently-listed private lender tanked 23 per cent to Rs 19.7 as Nitin Chugh resigned from the position of Managing Director (MD) and CEO of the bank. Also, its founder Samit Ghosh raised flags over its asset quality.

Apex Frozen Foods: The seafood player shed 23 per cent to Rs 252.6 during the week after the company’s net profit fell over 60 per cent Rs 3.29 crore in the June 2021 quarter on a year-on-year and sequential basis.

Indostar Capital Finance: The NBFC player declined 20 per cent to Rs 296.55 as it reported a net loss of Rs 36.8 crore in the quarter ended June 30, 2021 as against a net profit of Rs 47.20 crore in the year ago quarter.

Vedanta: The Anil Agarwal-led

plunged 18 per cent to Rs 269.25 during the week after the Madras High Court issued a notice to the firm on remediation of contaminated sites at the Tuticorin unit. However, the company clarified on buzz related to the notice.

Sadbhav Engineering: The smallcap construction and engineering major fell 17 per cent to Rs 55.7 as the company continued its weak operating performance in Q1. Its revenue and Ebitda missed estimates and the company reported a loss of Rs 16.9 crore.


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