The week that was in 10 stocks: Hindustan Oil zooms 32%, Future Group stocks bleed

New Delhi: Amidst the buzz in the primary market, the secondary market was no less eventful during the week as Sensex and Nifty scaled new all-time highs.

BSE Sensex hit the high of Rs 54,717, whereas Nifty50 was just a few basis points away from 16,350. Both the benchmark indices gained over 3 per cent during the week. BSE midcap and smallcap indices posted mild gains during the week.

The outcome of RBI’s monetary policy review meeting came in line and the MPC maintained a status quo on key policy rates. However, the Supreme Court's verdict in favour of Amazon led to a sell-off in Reliance, making the market volatile on Friday.

Ajit Mishra, VP - Research, Religare Broking, said participants will be eyeing macroeconomic data, including IIP and CPI inflation this week.

"On the domestic front, news of further ease in restriction and progress of vaccination drives will also be in focus. Besides, the update on the Covid situation globally will remain on the radar," he added.

After a sharp run-up in midcap and smallcap counters, analysts are suggesting to stay cautious in stock selection.

In the BSE 500 index, about 270 stocks ended the week on a negative note while the rest closed with gains. Among the gainers, just 14 counters registered double-digits gain during the week.

Here are 10 stocks that buzzed the most during the week:

Hindustan Oil Exploration: The oil and natural gas explorer soared 32 per cent to Rs 166.45 during the week after the Chennai-based company claimed that the B80 block that it won during the first round of DSF has seen a tenfold rise in oil and gas reserves.

Tejas Networks: After getting backing from Tata Group, the telecom gear maker is eyeing to expand its products portfolio and locally design the gamut of 4G and 5G wireless gear. Tata Sons has bought a controlling stake in the company. The counter advanced 28 per cent to Rs 329.5.

Steel Strips Wheels: The auto ancillary has been on a roll after the company reported monthly sales of more than Rs 300 crore in July. The company achieved the highest-ever net turnover of Rs 306.12 crore in July 2021. The counter soared 20 per cent to Rs 1648.35.

Chemical companies: With a robust performance in June 2021 and similar earning expectations from the peers, speciality chemical companies are in focus. Aarti Surfactants jumped 20 per cent to Rs 1,785.3, whereas BASF India added 18 per cent to Rs 3390.3. Fairchem Organics, Hikal and Rossari Biotech gained between 13 to 18 per cent.

Cement stocks: Smaller cement stocks were in high demand on Dalal Street after a strong show in the June quarter. Sanghi Industries rallied 20 per cent to Rs 78.80, whereas Sagar Cement surged 15 per cent to Rs 1514.4 during the week gone by.

Alankit: The smallcap diversified commercial services counter declined over 20 per cent to Rs 14.95 during the week ahead of its board meeting. The company is likely to consider a dividend. However, investors booked profits in the company after a poor technical setup.

Shree Renuka Sugars: The sugar producer tanked 17 per cent to Rs 28.5 during the week after the net loss of the company widened in the June quarter. The company posted a net loss of Rs 241 crore during the quarter against a loss of Rs 35.3 crore in the year-ago period.

Neuland Laboratories: The pharmaceuticals firm reported a net profit of Rs 8.73 crore in the June quarter, a 42 per cent fall on a YoY basis. The net profit of the company almost halved on a sequential basis. The scrip shed 16 per cent to Rs 1659.15.

Future Group stocks: Stocks of the beleaguered Future Group nosedived after the Supreme Court verdict, which upheld Amazon's plea against Reliance and Future Group deal. Future Retail and Future Lifestyle Fashions fell 14 per cent each to Rs 52.55 and Rs 60.7, respectively. Future Consumer and Future Consumer retreated 11-12 per cent.

Vodafone Idea: The cash-strapped telecom operator witnessed a free fall during the week after the resignation of Kumar Mangalam Birla and his offer to give away his stake to the government. However, the Centre saved the day for the telecom operator as it decided to amend the income tax law to do away with retrospective taxation. The scrip dropped 14 per cent to Rs 7.1.