The week that was in 10 stocks: Zen Tech zooms 53%, Bank of India bleeds

New Delhi: Thanks to upbeat domestic data and positive global cues, bulls led a strong rally last the week on Dalal Street as the benchmark indices scaled new peaks.

BSE Sensex added more than 2,000 points, or 3.5 per cent, during the week to settle at 58,129.95 on Friday, whereas Nifty50 added over 600 points, or 3.7 per cent, to end the week at 17,323.60.

The broader indices performed in line with main indices as the BSE midcap index added about 5 per cent, whereas the smallcap gauge surged 4 per cent. The all-round buying across sectors supported trading sentiments.

“The bulls strengthened their grip on the market as the benchmark rose nearly 4% in the week. Sentiments were upbeat from the beginning, encouraged by favorable domestic data including GDP numbers and auto sales,” said Ajit Mishra, VP Research, Religare Broking.

This week is a holiday-shortened one and participants will be watching IIP data which is scheduled on September 10. Besides, the pace of vaccination and other COVID-related updates will also be in focus, he added.

In the BSE500 index, about 420 stocks ended the week on a positive note while the rest closed with cuts. Among the gainers, about four dozen counters registered a rise of 10 per cent or more during the week.

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

Zen Technologies: The smallcap defence firm rallied 53 per cent to Rs 153.75 during the week. The drone maker bagged an order worth Rs 155 crore from the Indian Air Force. It also bagged orders worth Rs 211 crore during July-August 2021 period.

Tinplate Company of India: The Tata group’s smallcap firm zoomed 34 per cent to Rs 298.55 during the week as the company looks to ramp up production capacity. It announced to invest an estimated amount of Rs 1,800 crore to put up additional capacity of 3,00,000 TPA at its Jamshedpur unit.

Realty stocks: Realty stocks have been buzzing thanks to improvement in demand for real estate which pushed the realty index at record high. Sobha Ltd jumped 28 per cent to Rs 768.45 during the week.

gained 23 per cent to 371.2, whereas Prestige Estates added 20 per cent to Rs 422.7.

Indian Energy Exchange: The stock was under the spotlight after the announcement of its inclusion in F&O segment. Also, it enjoys near monopoly status in the business. The company rallied 24 per cent to Rs 539.35 during the week gone by.

Vodafone Idea: The cash-strapped telecom player soared over 20 per cent to Rs 7.26 during the week amidst hopes of relief from the government as Kumar Mangalam Birla met telecom minister Ashwini Vaishnaw.

Exide Industries: The auto parts maker surged 20 per cent to Rs 189.55 as

Insurance Company announced to acquire 100 per cent stake in Exide Life Insurance and its subsequent merger with HDFC Life for Rs 6,687 crore.

Bank of India: The state-owned lender was the only counter on the index which posted a double-digit decline. It shed 12 per cent to Rs 59.3 during the week. It raised Rs 2,550 crore through a qualified institutional placement (QIP) at an issue price of Rs 62.89 apiece.

AU Small Finance Bank: Three back-to-back exits of senior executives from the lender has raised concerns among its investors and hammered the stock. The scrip declined 9 per cent to Rs 1,170.45 during the week.

Burger King India: The quick service restaurant (QSR) signed a non-binding agreement for the acquisition of 85 per cent stake in Burger King Indonesia for $183 million. It shed 8 per cent to Rs 157.15 following the development.

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