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44 BSE-500 stocks outperform Sensex during ongoing week

Tata Steel, Britannia Ind, Edelweiss Financial, PC Jeweller and Future Retail have gain up to 15%.

SI Reporter  |  Mumbai 

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Tata Steel, Britannia Industries, Edelweiss Financial Services, PC Jeweller, Future Retail, Relaxo Footwear and Finolex Cables have outperformed the market by gaining up to 15% against 3% fall in during the current week.

At 11:51 am; the S&P BSE was trading at 31,345, after hitting a low of 31,195 in intra-day trade on Friday, following a crack in US stocks in overnight trade on escalating geopolitical tensions between US and North Korea. Thus far in the current week, the benchmark index has fallen 3% or 980 points from 32,325 levels on August 4, 2017.

However, total 44 stocks from the S&P BSE 500 index, including MOIL, Magma Fincorp, Hindalco Industries, Reliance Capital, Jubilant FoodWorks, Bharat Forge, Oil India and Gujarat Gas have beat the market by recording positive returns in the range of 1% to 4% during the week.

PC Jewellers, the top gainer in the pack, has rallied 15% to Rs 259 in the past five trading sessions. The stock hit a 52-week high of Rs 307 on BSE in intra-day trade on Thursday.

The company reported 27% increase in its net profit at Rs 136 crore for the quarter ended June (Q1FY18). Its net profit stood at Rs 107 crore in the year-ago period.

Edelweiss Financial Services, the third largest gainer, was up 7% to Rs 225 during the period. The company posted a 41% rise in consolidated net profit at Rs 196 crore in first quarter ended June 2017, up from Rs 140 crore in April-June 2016.

Analysts at Emkay Global Financial Services believe that most of the businesses of are in a high-growth phase and likely to enjoy benefits of economies of scale.

“We expect to deliver a consolidated profit CAGR of 38%, translating into around 550bps improvement in its consolidated ROE to 20%+ by FY19E. is set to become a dominant player in the financial services space with most businesses now ripe to deliver healthy shareholder returns,” the brokerage firm said in its initiate coverage with a ‘buy’ rating and a target price of Rs 280.

hit a new high of Rs 4,233 in intra-day trade yesterday, was up 5% in past five trading sessions. The company posted net profit of Rs 216 crore in Q1FY18 ahead of the Street expectation of Rs 210 crore.

too up 4% during the week after the company reported a consolidated net profit of Rs 921 crore in Q1FY18 against a huge loss of Rs 3,183 crore in the corresponding period last year. Click here  for full report

       
COMPANY LTP 1-WEEK BEFORE GAIN(%)
PC JEWELLER 297.45 259.35 14.69
FUTURE RETAIL 441 402.05 9.69
EDELWEISS.FIN. 240.7 224.6 7.17
RELAXO FOOTWEAR 486.5 454 7.16
KWALITY 141 134.25 5.03
BAJAJ HOLDINGS 2534.8 2414.55 4.98
BRITANNIA INDS. 4105 3913.4 4.9
TATA STEEL 601.05 575.5 4.44
FINOLEX CABLES 500.9 482.4 3.83
CROMPTON GR. CON 221.3 213.65 3.58
MAGMA FINCORP 180.4 174.35 3.47
MOIL 345.6 334.75 3.24
TORRENT POWER 194.1 188.3 3.08
GUJARAT GAS 774.65 752.3 2.97
ASTRAL POLY 630.15 614.7 2.51
HINDALCO INDS. 230.7 225.05 2.51
VARUN BEVERAGES 516.55 504.55 2.38
PHOENIX MILLS 491.5 480.3 2.33
RELIANCE CAPITAL 759.45 743.95 2.08
JUBILANT FOOD. 1305 1278.95 2.04
ARVIND LTD 371.55 364.55 1.92
ENDURANCE TECH. 919.45 902.9 1.83
BATA INDIA 641.35 629.95 1.81
INDRAPRASTHA GAS 1200 1182.3 1.5
HEXAWARE TECH. 255.4 251.9 1.39
BHARAT FORGE 1171.15 1155.3 1.37
MANPASAND BEVER. 790.5 779.95 1.35
GE T&D INDIA 377 372.55 1.19
POLARIS CONSULTA 235.5 232.85 1.14
OIL INDIA 287.05 283.95 1.09
PETRONET LNG 210 207.75 1.08
TUBE INVESTMENTS 759.35 751.5 1.04
DILIP BUILDCON 530.35 525.5 0.92
GODREJ PROPERT. 499.45 495.25 0.85
MAX FINANCIAL 612.1 607.5 0.76
TITAN COMPANY 614.9 610.45 0.73
BERGER PAINTS 243.35 241.9 0.6
WIPRO 290.15 289.3 0.29
H P C L 432.55 431.65 0.21
3M INDIA 13345.15 13318.75 0.2
DHANUKA AGRITECH 735 733.6 0.19
MOTIL.OSWAL.FIN. 1085.85 1084 0.17
INFOSYS 987 985.35 0.17
UNITED BREWERIES 815 813.95 0.13
       
Sensex 31344.96 32325.41 -3
       
LTP: Last traded price on BSE at 11:51 am  

First Published: Fri, August 11 2017. 12:17 IST
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