Produced by: Prashun Talukdar
Indian equity benchmarks kicked off March 2024 in style with BSE Sensex and NSE Nifty scaling lifetime highs, led by gains in banks, financials, automobile, metals, consumer and energy stocks. On Friday, the 30-share BSE pack rallied 1,245 points or 1.72% to close at 73,745 and the broader NSE Nifty index moved 356 points or 1.62% up to close at 22,339. Stocks such as Indus Towers, PB Fintech, Paytm and Larsen & Toubro (L&T) were among the top gainers on Nifty 200 this week.
Indus Towers Ltd's stock was the top gainer this week in the Nifty 200 universe as the scrip soared 16.86% to Rs 263.1 on NSE. In the last one month, the stock has risen 13.28%.
PB Fintech Ltd's (owner of Policybazaar and Paisabazaar) stock surged 9.6% this week to Rs 1,119.75 on NSE, and was among the top gainers in the Nifty 200 universe. In the last one month, the stock has jumped 24.4%.
Sona BLW Precision Forgings Ltd's stock was also among the top gainers in the Nifty 200 pack this week as it moved 9.53% higher to Rs 671.35 on NSE. In the last one month, the stock has gained 12.4%.
One97 Communications' (Paytm's parent) stock rebounded 9.04% to Rs 423.45 on NSE in the week ended on March 1, and was among the top gainers in the Nifty 200 universe. On a monthly basis, the stock has slumped 43.69%. Paytm and its banking unit (Paytm Payments Bank) have mutually agreed to end various inter-company agreements.
Larsen & Toubro's stock was also among the top gainers in the Nifty 200 universe this week as it climbed 8.02% to Rs 3,633.5 on NSE. In the last one month, the stock has slipped 2.01%. Shares of CG Power, APL Apollo Tubes, Havells India, Tata Motors DVR and TVS Motor also picked up pace during the week.
Max Healthcare Institute's stock cracked 14.12% this week to Rs 736.75 on NSE, and was the top loser in the Nifty 200 pack. Although, the stock has edged 1.6% higher in the last one month.
Vodafone Idea Ltd (VIL) shares slumped 12.88% to Rs 14.2 on NSE this week, making the stock one of the top losers in the Nifty 200 universe. In the last one month, the scrip has fallen 3.4%. VIL has recently said it plans to raise around Rs 45,000 crore via a combination of equity and debt. During the week, shares of The Fertilisers and Chemicals Travancore (FACT), Fortis Healthcare, Apollo Hospitals Enterprise, YES Bank and Zee Entertainment also saw sharp corrections.