
The eagerly awaited inflation data in the United States has indicated a slower-than-expected rise in inflation, which is positive for global markets given the likely easing of downside risk. It also boosted investor morale.
“In the coming week, the global focus will be on the political meetings of a few central banks, including the US Fed. With weak US jobs data and inflation rising at a slower pace, the Fed should not be hinting at any cuts at the next meeting, ”Vinod Nair said. , research manager at Geojit Financial Services.
That said, here is a list of 10 stocks that have garnered some attention over the past week.
Zee Entertainment: The resignation of two directors and talks over removing its CEO brought windfall gains for investors last week. The stock rose nearly 40% to Rs 255.30. The purchase by Rakesh Jhunjhunwala also helped the sentiment.
Voda idea: The government’s announcement to provide for a four-year moratorium on the payment of the AGR lifted the demand for Vodafone Idea shares. The stock climbed 33% to Rs 8.39.
IRCTC: The railroad controller was another big winner last week as the vaccination campaign gathered pace, paving the way for the economy to open earlier than expected. Fears of a third wave also appear to be easing. The counter increased 17 percent.
Parabolic television: Dish TV informed the stock exchanges that Yes Bank, which owns a 25.63 percent stake in the company, has asked the company to replace five directors. As a result, the company’s shares rallied. It ended the week up 16%.
IndiGo, SpiceJet: As the outlook for the tourism and travel industry improves, airline stocks are also gaining ground. Additionally, the government has said airlines can fill flights up to 80% of pre-Covid levels. This increased IndiGo by 15% and SpiceJet by 13%.
Bank of Industry: IndusInd Bank shares have climbed 13% over the past week as the government changed its telecommunications policy. The bank is one of the big lenders of Voda Idea, whose survival gives IndusInd Bank a break.
CBI, IOB: The Central Bank of India and Bank of India Overseas have recovered after the government announced a bad bank that will house all toxic assets, helping to clean up bank balance sheets. Subsequently, the CBI increased by 12 percent and the BIO by 11 percent.
NAVIGATE: Steel stocks came under intense selling pressure last week thanks to the profit recording. Analysts have also lowered their expectations for the industry, which has seen a massive recovery in recent months. SAIL was one of the biggest losers, down 6%.