Buzzing stocks: The week that was in 10 stocks: Snowman Logistics, LVB, SpiceJet, Gland Pharma among top buzzing stocks

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Gland Pharma made a strong debut on bourses during the week gone by, while aviation major SpiceJet and telecom player Vodafone Idea advanced up to 32 per cent. On the other hand, private lender Lakshmi Vilas Bank cracked more than 40 per cent after the government placed the bank under a one-month moratorium.

Overall, heavy buying in Bajaj Finserv, Mahindra & Mahindra, Tata Steel, Bajaj Finance, Larsen & Toubro and Kotak Mahindra Bank took the benchmark equity indices higher for the third straight week. The 30-share BSE Sensex advanced 439 points to 43,882 for the week ended November 20. Likewise, the 50-share Nifty index gained 139 points to 12,859.

Market participants stood upbeat on Covid-19 vaccine announcements amid robust inflows by foreign institutional investors.

Below are the top stocks that created a buzz on Dalal Street through the week.

Gland Pharma
Shares of Gland Pharma made a stellar debut on bourses on Friday, settling nearly 22 per cent higher at Rs 1,828 compared to its issue price of Rs 1,500. The scrip listed at Rs 1,710 on the NSE.

Bharti Infratel, Vodafone Idea
Shares of Vodafone Idea (VI) and Bharti Infratel hogged the limelight on Friday on completion of the Bharti Infratel and Indus Towers merger deal. VI gained 15 per cent to Rs 10.04 on November 20 from Rs 8.72 on November 13. Likewise, Bharti Infratel gained nearly 21 per cent to Rs 218.50 during the same period.

Snowman Logistics

Cold chain logistics firm Snowman Logistics rallied 41 per cent last week amid reports that extremely low temperature of minus 70 degrees Celsius is required for storing a potential Covid-19 vaccine developed by Pfizer. Shares of the company jumped to Rs 64.45 on November 20 from Rs 45.75 on November 13.

Tata Motors

Shares of Tata Motors climbed over 15 per cent after a report suggested that the carmaker has seen healthy demand for a range of vehicles during the festive season. ET NOW, quoting sources, said bookings for Tata Motors increased by 95 per cent and that of retail sales were up 90 per cent when compared with the festive season of last year. Shares of the auto major gained 15.48 per cent to Rs 169 during the week. On the other hand, Tata Motors- DVR gained 17.65 per cent to Rs 72.65.

Top BSE500 gainers and losers

As many as 27 stocks from the BSE500 pack scaled fresh highs during the week gone by. They included Adani Gas, Adani Green, Kotak Mahindra Bank, Info Edge, Capri Global Capital, Supreme Industries, Escorts, Havells India, Jubilant FoodWorks, SRF, Vaibhav Global, HDFC Bank, HDFC Life, Linde India and UltraTech Cement. With a rally of over 42 per cent, Adani Gas emerged as top gainers in the BSE500 index. It was followed by Wockhardt (up 35 per cent), SpiceJet (up 34 per cent), The Jammu & Kashmir Bank (up 33.50 per cent) and Graphite India (up 31 per cent). On the other hand, Himadri Speciality Chemical, Alok Industries, Amber Enterprises, PVR and Piramal Enterprises declined between 5-15 per cent.

SpiceJet

Shares of SpiceJet climbed nearly 32 per cent after HSBC upgraded the aviation player to ‘buy’ and also raised its target price sharply to Rs 80 from Rs 26.50 as survival risk abated and second-quarter result came in better than expected. The brokerage said SpiceJet’s shares have suffered mainly due to questions around its survival but now that risk is coming down as the return of Boeing 737 Max gets closer. The scrip advanced to 72.75 from Rs 54.45.

Lakshmi Vilas Bank

The government on Tuesday placed LVB under a one-month moratorium, superseded its board and capped withdrawals at Rs 25,000 per depositor. Reacting on the development, shares of the lender closed 42 per cent down at Rs 9 against Rs 15.60 last week.

Larsen & Toubro

Shares of Larsen & Toubro (L&T) gained nearly 8 per cent after the company’s construction and mining equipment business secured its biggest-ever order to supply 46 units of Komatsu Mining Equipment from Tata Steel, the company said in a regulatory filing. The scrip jumped 7.68 per cent to Rs 1,132 for the week ended November 20.

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