Movers & Shakers: These 10 stocks saw the most movement last week, the effect of big news was visible

Recovering from a two-week decline, the stock markets closed more than 2 percent stronger during the week ended June 24. The market benefited from positive global cues, softening of crude oil and reduction in selling by FPIs. However, the market remained volatile during the week. Know about 10 strong performing stocks

Hero Motocorp

Hero MotoCorp: After the announcement of increase in the prices of the company’s motorcycles and scooters, its stock registered a strength of 11 percent. According to the press release, Hero MotoCorp will increase the prices of its vehicles by up to Rs 3,000 from July 1.

KEC International

KEC INTERNATIONAL: The stock registered a strength of 9 percent last week due to the news of the company getting several orders. The company said that its various businesses have received new orders worth Rs 1,092 crore.

FPI withdrew Rs 46,000 crore from Indian markets in June, know the impact of which factors are visible

root mobile

Route Mobile: With the discussion of the company’s share buyback plan, the stock gained 8 percent. The company said in an exchange filing that its board would consider the proposal on June 28.

TVS Motor

TVS Motor: The company’s stock gained 7 percent last week. The company has started the process of raising around $300 million to $350 million for its electricity mobility business, sources told Moneycontrol. If its plan is successful, TVS Motor will be the third listed company in India to raise funds for its electric vehicle subsidiary.

How expensive is Nifty? Nikhil Kamath of Zerodha tells the truth through 2 indicators

Tube Investments

Tube Investments: After Motilal Oswal Financial Services started coverage of the stock with ‘Buy’ rating, it registered a gain of over 6 per cent in the week. The brokerage has set a target of Rs 1,900 for this. Thus at the current price, the stock can give a return of 25 per cent in 12 months.

Vodafone Idea

Vodafone Idea: The stock gained 6 percent in the last week. The government may take 33 per cent stake in the debt-ridden telecom company Vodafone Idea and its process will be completed soon.

Vedanta: The stock fell 16 per cent due to the company’s plan to sell its Tuticorin plant. Anil Agarwal stunned the market by announcing that he had called for initial bids to sell his troubled Tuticorin smelter. The plant has been closed since mid-2018.

Tata Steel

Tata Steel: The stock fell 6 per cent during the week. Metal stocks remained under pressure as fears of recession strengthened following the imposition of lockdown in parts of China due to the Kovid epidemic.

Birla Software

Birla Software: Last week this stock gained more than 9 percent. The IT company announced that it has entered into a global partnership with Google Cloud to strengthen its digital business.

IRB Infra

IRB Infra: The stock gained more than 6 percent last week. The company has received 75% of the arbitration award of Rs 419 crore from IRB Pathankot Amritsar Toll Road.

Related Articles

Back to top button