- by Stocktry Expert
- 23rd May 2021
Top 10 stocks from last week that moved the most
The market had a fabulous run in the last week as bulls turned stronger to help the benchmark indices reach the biggest weekly gains since budget week. The falling COVID-19 cases along with favourable global cues and in line corporate earnings for March quarter lifted sentiment. The BSE Midcap index gained 4.77% and Smallcap index was up 4.19% during the week.
The stock price jumped up 32% in the last week. The company saw a quarterly net profit at Rs 82.5 crore in March 2021 up 40.25% from Rs. 2 crore in March last year. Net sales came in at Rs 1,276.94 crore in March 2021 and went up by 109.07% from Rs. 610.77 crore in March 2020. Shrikant Chouhan, the Executive Vice President of Equity Technical Research at Kotak Securities says that on the daily and weekly charts, the stock has formed a promising price volume in trend continuation formation.
2. JK Lakshmi Cement
The share earned 21% after the company revealed a 61.34% increase in consolidated net profit to Rs 159.13 crore for Q4 ending in March 2021. The company had reported a profit of Rs 98.63 crore in between January and March a year ago, JK Lakshmi said. Revenue from operations rose 25.22% from Rs 1,137.47 crore to Rs 1,424.32 crore as opposed to the last year quarter.
3. Adani Green
The script went up by 19%, the company announced in an official statement. The share purchase agreement was signed on May 19 for acquisition of 100% interest in SB Energy from SoftBank Group and Bharti Group, who held 80% and 20% stake, respectively.
4. Indiabulls Housing Finance
The share rose 17% after the company posted a double jump in its profit after tax to Rs 276 crore in the quarter ended March 2021. The lender's net NPAs were stable at 1.59%.
5. State Bank of India
The share of the PSU banking major was up 11% after the country's largest lender reported standalone profit of Rs 6,450.7 crore for the quarter ended March 2021 against a profit of Rs 3,580.81 crore in Q4FY20. The jump in profit was on account of net interest income and other income, while the low base in the year-ago quarter added to the jump. Net interest income grew by 18.9% year on year to Rs 27,067 crore in Q4FY21. The loan growth stood at 5% year on year.
6. Relaxo Footwears
Their stock price gained 11% after they reported a 97.2% increase in profit at Rs 102.17 crore in the fourth quarter that ended on March 31st, 2021, helped by big revenue from operations. The company reported a profit of Rs 51.80 crore in the January-March quarter of the 2020 financial year. Its revenue from operations went up by 38.3% at Rs 747.68 crore during the period under review as against Rs 540.58 crore in the same quarter of the previous financial year.
7. Firstsource Solutions
The stock added 10 % in the week gone by. The company reported 35.39 % YoY increase in consolidated revenues for the March 2021 quarter at Rs 1,462.85 crore. Net profit in the March 2021 quarter was down 49 % YoY at Rs 46.68 crore.
8. Gland Pharma
The share price profited by 10% last week. Gland Pharma reported a 34% rise in its net profit to Rs 260.4 crore, as a result of large sales. They reported a net profit of Rs 194.8 crore for the corresponding period of the previous fiscal year, Gland Pharma said in a BSE filing.
The stock price added 8% in the week gone by, after HPCL posted a 28.2% sequential growth in profit at Rs 3,018 crore in Q4FY21. Profit in the Q3FY20 quarter stood at Rs 2,345.6 crore. The standalone revenue from operations increased by 10.1% to Rs 85,203.55 crore in Q4FY21.
10. Bharti Airtel
This was down by 8% in the last week. The company reported a net profit of Rs 759.2 crore for Q4FY21. The firm had posted a loss of Rs 5,237 crore in the year-ago period. In the December quarter, profit stood at Rs 853.6 crore. The company's fourth quarter total revenue came in at Rs 25,747 crore, up 17.6% YoY on a comparable basis and 11.9% YoY on a reported basis.