Sugar stocks: The week that was in 10 stocks: Sugar stocks zoomed up to 35%, Venky’s soared 28%

NEW DELHI: The rally in the broader market showed no signs of slowing down last week as the BSE Midcap and BSE Smallcap indices outperformed the benchmark indices. In the BSE 500 index, about 320 stocks ended the week on a positive note, while the rest closed with cuts. Over 20 counters registered double-digit gains during the week gone by.

Here are the stocks that moved the most last week:

Sugar Stocks: Shares in the agro-commodity sector were back in focus. The demand-supply situation and favourable government policies have pushed another round of bounce in sugar counters. Avadh Sugar rallied 35 per cent to Rs 452.45, Uttam Value gained 32 per cent to Rs 217.4 and Shree Renuka Sugars jumped 27 per cent to Rs 34.05 during the week.

Venky’s (India): The domestic poultry firm is the global leader of specific pathogen free (SPF) eggs, which are used for vaccines. The demand for these eggs has gone up recently. The counter surged 28 per cent during the week to Rs 3,424.35 on Friday.

Indian Overseas Bank, : According to media reports, the two PSU lenders have been shortlisted for privatisation. It is expected that the government will bring amendments in the Banking Regulation Act for divestment of state-owned banks.

soared 26 per cent to Rs 24.85, whereas Central Bank of India jumped 23 per cent to Rs 24.8.

HFCL: The company is among the 25 telecom gear makers that have applied under the Rs 12,195 crore production-linked incentive scheme for the sector. The stock surged 23 per cent during the week to Rs 64.7.

Bharat Electronics: The defense PSU reported 31 per cent rise in March quarter profit. The company’s order book at Rs 53,434 crore is nearly 4 times annual revenues, which offer earnings visibility, said analysts. The PSU counter soared 20 per cent to Rs 175.

JK Paper: The demand for paper has increased recently considering the opening up of colleges and offices amid vaccination. Also, the price of packaging boards has increased.

Reliance Infrastructure: The counter shed 21 per cent to Rs 83.35 during the week as exchanges sought clarification from the company over media articles related to its asset monetisation worth Rs 1,430 crore. To this, the company replied that it is engaged in various initiatives to monetize its assets and thereby significantly reduce its overall leverage.

Centrum Capital: The NBFC reported a net loss of Rs 5.54 crore in the quarter ended March 31, 2021. The company is set to acquire the troubled PMC Bank along with BharatPe. The counter shed 13 per cent to Rs 43.55 on Friday.

Gilts: The financial services company tanked 13 per cent to Rs 73.45 after a poor performance in Q4FY21. The company reported a net loss of 14.14 crore in the quarter ended March 2021 as against a net profit of Rs 99.01 crore during the same quarter previous year.

Vakrangee: The counter tanked 12 per cent to Rs 42.2 after a flop show in March 2021 quarterly report. The net profit of the company declined 33.28 per cent to Rs 20.79 crore, whereas revenue slumped 50.89 per cent to Rs 101.85 crore in the quarter ended March 2021.

TCNS Clothing: The apparel product’s March quarter results were lacklustre. The management’s muted outlook weighed on investor sentiments. Despite a steady improvement in revenue performance, the March quarter revenue growth of just 1 per cent year-on-year to Rs 221 crore is far from inspiring. The stock plunged 12 per cent to Rs 562.4.