Top 7 stocks that moved the most during last week

Top 7 stocks that moved the most during last week

The main indexes finished down on all three days of a holiday-shortened week, with increasing inflation and high oil costs weighing on morale.
Top 7 stocks that moved the most during last week
7 stocks trends last week

Stock market refers to a collection of exchanges and other places where shares of publicly traded firms can be bought, sold, and issued. These financial transactions take occur on structured official exchanges or over-the-counter (OTC) markets that are governed by a set of rules.

7 stocks that moved most during last week

  1. Ruchi Soya Industries
  2. NHPC
  3. Thermax
  4. Escorts
  5. Delta Corp
  6. Bharat Dynamics
  7. Max Healthcare

Ruchi Soya Industries

Ruchi Soya Industries is a company that produces soy products. In the previous week, the stock gained about 26%. In-principle clearance was given by the company's Board of Directors for analysing the most efficient way of boosting synergies with the Patanjali food range in any manner on an arm's length basis. The company's name will be changed to Patanjali Foods Ltd, according to the board. The company said that it has paid back Rs 2,925 crore in bank loans, making it debt-free.

NHPC

NHPC - National Hydroelectric Power Corporation
National Hydroelectric Power Corporation

NHPC in the last week, the stock was up more than 6%. The state-owned company and the district administration of Chamba in Himachal Pradesh inked a memorandum of understanding (MoU) for the development of green hydrogen technologies to manufacture hydrogen. "The Memorandum of Understanding is for the advancement of green hydrogen technology... According to the MoU, NHPC will construct a green hydrogen mobility pilot project that will include hydrogen manufacturing. NHPC will scale up hydrogen production on a commercial scale to meet the growing demand for hydrogen in areas such as mobility, transportation, heating, and microgrids "In a statement, the NHPC stated.

Thermax

After receiving a Rs 522-crore contract for utility boilers and associated equipment for a grass-root refinery and petrochemical complex in Rajasthan, the company's stock climbed more than 10%. Thermax Babcock & Wilcox Energy Solutions (TBWES), a wholly-owned subsidiary of Thermax, will design and construct two units of 260 TPH high-pressure utility boilers, as well as linked auxiliaries.

Escorts

After ace investor Rakesh Jhunjhunwala sold his interest in the tractor producer, the stock dropped nearly 18%. According to reports, Jhunjhunwala owned 75 lakh equity shares, or 5.68 percent of the corporation, as of December 31, 2022. Escorts' ownership structure for Q4 FY22 reveals that his name is omitted from the list of individual shareholders who possess 1% or more. In December 2021, Escorts' quarterly net profit was Rs 194.19 crore, in december 2020 down 32.27 percent from Rs 286.71 crore.

Delta Corp

The stock dropped more than 7% as the business reported a 16.7% drop in Q4 net profit to Rs 48.1 crore from Rs 57.8 crore, although sales increased 3.3 percent to Rs 218.3 crore from Rs 211.3 crore year on year. EBITDA (earnings before interest, taxes, depreciation, and amortisation) fell 12.8 percent to Rs 69 crore from Rs 79.2 crore, with a margin of 31.6 percent compared to 37.5 percent a year ago. The board has proposed a final dividend of 125 percent, or Rs 1.25 per share.

Bharat Dynamics

Bharat Dynamics limited
Bharat Dynamics

Last week, the stock increased by 29%. The stock has been in the spotlight after the business inked a deal with the Indian Army worth Rs 3,131.82 crore. The contract will last three years and will include the manufacture and supply of Konkurs-M AntiTank Guided Missiles to the army. BDL's order book now stands at Rs 11,400 crore (net) as a result of this deal, according to a stock market filing. The company predicted strong growth in the next years in its FY21 annual report. The export market has also opened up, and BDL's goods, such as Akash Weapon Systems, have piqued international attention. Axis Securities' Rajesh Palviya advises investors to purchase, hold, and accumulate this stock, expecting an upside of Rs 800-850 and a downside support zone of Rs 620-580.

Max Healthcare

In the previous week, the stock price increased by more than 7%. SBI Funds Management expanded its stake in the firm to more than 9% through numerous funds. On the BSE, the stock finished at Rs 368.55. "On March 31, 2022, SBI Mutual Fund bought more than 1 crore equity shares of the firm through its different schemes, representing 1.03% of the paid-up equity," the company stated in a BSE filing.