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    SAIL, IRFC among 46 stocks with double digit returns this week. SPARC, 82 others deliver negative returns

    Synopsis

    Notwithstanding high volatility over the week, the BSE 500 index outperformed the headline BSE S&P Sensex with the latter gaining 0.90% (642 points) on a weekly basis.

    SAIL, IRFC among 46 stocks with double digit returns this week. SPARC, 82 others deliver negative returnsGetty Images
    In the week gone by, 46 stocks in the BSE 500 index delivered double digit returns while 83 ended on the losing side. The 500-stock index which gained 2.1% on the week-on-week basis saw smallcap Aegis Logistics holding the top spot with nearly 30% returns. It was followed by multibaggers MOIL, Cochin Shipyard and Sterling and Wilson Renewable Energy, who delivered between 21% and 27% returns.

    Notwithstanding high volatility over the week, the BSE 500 index outperformed the headline BSE S&P Sensex with the latter gaining 0.90% (642 points) on a weekly basis. Markets fell on Friday breaking their five-session winning streak. While Sensex settled at 73,730.16, down by 609.28 or 0.82%, BSE 500 finished the week at 32,877.25, losing 52 points or 0.16% on Friday.

    There were 42 stocks whose returns were at 10-19%. In this TCNS Clothing was the top performer and Prestige Estates at the borderline yielding 10% during the week.

    Among the 46 stocks with double digit returns, 16 were PSU counters. The leader in the pack was Cochin Shipyard with 23% returns. The others included ITI, Housing & Urban Development Corporation (HUDCO), Engineers India Limited (EIL), Container Corporation of India, Ircon International, Steel Authority of India (SAIL), Indian Railway Finance Corporation (IRFC), Rail Vikas Nigam Limited (RVNL), NLC and Bank of India.

    In the BSE 500 index, 364 stocks returned positive returns which were lower than 10%. They include Rashtriya Chemicals and Fertilizers, Multi Commodity Exchange (MCX), Bank Of Maharashtra (BoI), NBCC (India) and Axis Bank.

    Among the top laggards were Aster DM Healthcare, Sun Pharma Advanced Research Company (SPARC), Gujarat State Petronet, Persistent Systems and Kotak Mahindra Bank which lost between 8% and 30% during the week. SPARC was the biggest loser.

    Others including Triveni Turbine, Maruti Suzuki India (MSIL), The Ramco Cements, APL Apollo Tubes and One 97 Communications which operates Paytm were on the margins with negative returns up to 0.26%.

    In the week gone, 50 stocks hit their 52 week highs which include national Aluminium Company, Bharti Airtel, Bharat Electronics, JSW Steel, Eicher Motors, State Bank of India (SBI), Hindustan Aeronautics (HAL), Aegis Logistics, Cochin Shipyard and MOIL.

    (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)


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    (You can now subscribe to our ETMarkets WhatsApp channel)

    (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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