Equities end flat for the week despite Sensex touching fresh 2-year high

Jan 26 2013, 01:52 IST
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SummaryL&T gains most, Tata Motors biggest loser among Nifty scrips

fiscal 2018 weighed heavy on the stock, which fell 3% during the week after a dozen analyst downgrades.

Even Tata Motors faced some earnings downgrade after the company guided for lower Ebitda or operating margins for the period. The stock, which plunged 10% intra-day on Thursday, was the biggest loser among the Nifty stocks, with an 8% decline in the week to R301.05.

Thursday also saw heavy selling in debt-ridden infra, realty and capital goods companies from the mid-cap and small-cap space. Scrips like IVRCL, Lanco Infra, D B realty, IRB Infra and Punj Lloyd dropped 8-19% after investors turned cautious on reports of HDIL vice-chairman and MD Sarang Wadhawan selling 50 lakh shares.

About 98% of its promoters' holding remain pledged. HDIL stock dipped 32% to R82.5 in the week.

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