India Stock Weekly Market Roundup: Gainers, Trends, and Analysis

As the Full Budget day is nearing, Market is feeling euphoric. The indices are creating new all-time highs almost every week. While Nifty 50 closed at 24,502, BSE Senxex closed at 80,519 points. In our weekly market roundup, we will see the market trend in the last five trading sessions. We shall see which sectors found favours with the market and the ones which were beaten down by the market.

The top 5 gainers across all the listed stocks were:

1. Modipon: 82.87%
2. SPA Capital Services Ltd (74.52%)
3. Skyline Ventures India Ltd (74.09%)
4. RSD Finance Ltd (65.49%)
5. MAHAAN FOODS (64.25%)

We will skip the micro-cap and nano-cap stocks and quickly move the stocks with higher market capitalization.

Among the stocks with market capitalization of ₹1,000 crores and above, the top 10 gainers were:

1. HPL Electric & Power Ltd
2. PC JEWELLER
3. Kellton Tech Solutions
4. SHIPPING CORPORATION OF INDIA
5. ASM TECHNOLOGIES
6. ORIENTAL VENEER PRODUCTS
7. HMT
8. GPT INFRAPROJECTS
9. Rail Vikas Nigam Ltd
10. OIL INDIA

The top 10 stocks gained between 26% and 40% in the last one week. Market looked quite positive on the Shipping stocks. HPL Electric & Power is a manufacturer of Electric Meters, Modular Switches, Switchgear, Wires & Cables, Lighting, Fans and Solar Cable. HPL’s revenue from operations for FY23-24 was ₹1460.86 crore and PAT was ₹43.63 crore. For more information on HPL Electric & Power, please visit their website.

PC Jeweller stocks skyrocketed after getting approval from PNB for its One Time Settlement proposal for outstanding dues.

Rail Vikas Nigam Ltd (RVNL) got an order worth ₹138 crore from the Central Railway. The RVNL stock jumped by 27.49% last week.

Among the stocks having market capitalization of ₹10,000 crore or above, the top gainers, apart from RVNL and Shipping Corporation, were:

1. ndian Renewable Energy
2. IRFC
3. IFCI
4. Great Eastern Shipping
5. Welspun Living Ltd
6. Rashtriya Chemicals
7. CESC
8. Sonata Software
9. Bombay Burmah Trading
10. Kalpataru Projects

Market continued to have special liking for the PSU stocks. By the end of the week, IT Software companies found special favour with the market after the announcement of Q1FY25 results of TCS.

To read the previous week’s market roundup, please refer to the link.