Tracking Sensex: top gainers, losers this week

Jul 20 2013, 11:07 IST
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Tracking Sensex: top gainers, losers this week Tracking Sensex: top gainers, losers this week
SummaryBSE Sensexgained1 percent to close at 20,149.85.

16.

Analysts are optimistic about theBhartistock, which has gained more than 13 percent this month. Data showed that 33 of 45 analysts covering that stock have a buy or equivalent rating, while eight have a hold.

ONGC:Shares in the company rose 6.75 percent, taking its gains for the year to 18 percent.CLSA seesa 20 percent rise in ONGC share price on factors such as the continuing hikes in monthly diesel prices. However, it added that the governments promise to limit the burden of its recent gas price hike has forced investors to worry over the possibility of a higher subsidy burden for companies such asONGC.

ITC:This was another stock from the consumer goods space which did well during the week, ending 5.5 percent higher after hitting a record high on July 18. We believeITCs revenue growth will remain steady, ICICI Securities, which has an Add rating on the stock with a target price of 372 rupees, said in a research note on July 16. According to Thomson Reuters data, 30 of 40 analysts covering the stock have a buy or equivalent rating. The stock has gained 28.6 percent in 2013 so far.

LOSERS:ICICI Bank, Indias largest private sector bank, was the top Sensex loser this week with losses of around 10 percent. Tata Steel lost 8.2 percent, whileSterliteandBHELlost between 6 7.5 percent.HDFCwas also among the top losers, ending down 5.45 percent.

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