The week in 10 stocks: Maruti, Indigo, YES Bank, Ujjivan had a tough time

Stocks had to put up with losses for the second straight week as Sensex and Nifty settled below the crucial 33,400 and 10,050 marks, respectively, on Friday.

The domestic equity indices caught the flu as global shares sneezed. Trouble brewed on the geopolitical front involving Saudi Arabia and the US. Even economic concerns in Italy added to the worry level.

What made it worse was domestic headwinds such as weak macro data points, rupee's poor health and tepid corporate profits amid lingering side-effects of a liquidity crunch and foreign capital outflows.

Fiscal deficit has widened in the first half of this fiscal to 95.3 per cent of the budget estimate due to slow growth in revenue collections. The deficit was at 91.3 per cent of BE at September-end last financial year.

Closing at a fresh 7-month low, the Sensex plunged 341 points, or 1.01 per cent, to 33,349 and the Nifty 95 points, or 0.94 per cent, at 10,030. For the week gone by, the Sensex lost 966 points, or 2.82 per cent, while the Nifty came off 274 points, or 2.65 per cent.

A look at top stocks and sectors that made news this whole week.

Ujjivan, Equitas slide 20% each

Shares of Equitas Holdings and Ujjivan Financial Services came under huge selling pressure on Friday, falling up to 23 per cent. The sharp fall came amid the RBI reiterating that their small finance banks should be listed within three years from the date of commencement of operations. Shares of these companies slipped 21 per cent each for the week to October 26.


But these have a different story...

Shares of eight companies on the BSE500 index rallied over 10 per cent despite the heavy selling in domestic equity markets during the week. The list included stocks such EID Parry (up 14 per cent), Oberoi Realty (13 per cent), Intellect Design Arena (12.73 per cent), Kajaria Ceramics (12 per cent), SJVN (11.66 per cent), AIA Engineering (11.23 per cent), Finolex Industries (10.98 per cent) and Can Fin Homes (10.44 per cent).


Top losers of BSE500

Shares of Infibeam Avenues plunged the most by 43.29 per cent to Rs 30 on October 26, from Rs 52.90 on October 19. Other stocks such as 8K Miles, Kwality, Bombay Dyeing, Dilip Buildcon, YES Bank and Jubilant Food were down by up to 23 per cent.


Bharti Airtel makes right Q2 call

Shares of Bharti Airtel jumped 4 per cent during the week. The telecom major posted a surprise net profit of Rs 118.8 crore in Q2 FY19. Analysts in an ETNow poll had projected a loss of Rs 828.30 crore for the quarter under review.


Stocks at new all-time lows

Things got tougher for Aditya Birla Capital, Bandhan Bank, Equitas Holdings, Infibeam Avenues, Laurus Labs, Manpasand Beverages, Navkar Corporation, PNB Housing Finance, SH Kelkar, Ujjivan Financial, DB Corp, Hindustan Aeronautics, IL&FS Transportation, Max India and Narayana Hrudayalaya, which hit their fresh all-time lows during the week.


Hard landing for InterGlobe Aviation

InterGlobe Aviation, parent of IndiGo, this week reported a loss of Rs 652.1 crore for July-September as higher costs and intense competition took a toll on the bottom line. This is the first time that the carrier posted a quarterly loss since getting listed in November 2015. The aviation major had posted a profit of Rs 551.6 crore in the year-ago period.


YES Bank stock feels Q2 pinch

Shares of YES Bank on Friday ended sharply lower by almost 9 per cent after the company reported a drop of 3.8 per cent in net profit for the second quarter ended September. The private lender posted a net profit of Rs 964.7 crore in Q2 FY19 over Rs 1,002.73 crore in Q2 FY18. The share price of YES Bank plunged 17 per cent to Rs 180.60 on October 26, from Rs 217.70 on October 19.


Maruti’s bumpy Q2 ride

India's biggest carmaker Maruti Suzuki on Thursday reported its first decline in quarterly profit (on YoY basis) in over four years as a falling rupee, rise in commodity prices and higher sales promotion expenses hit its margins. Maruti Suzuki reported a 9.8 per cent decline in net profit at Rs 2,240.4 crore for the three months to September. The stock edged down 0.82 per cent to Rs 6,705.30, from Rs 6,760.40 during the week.


The sectoral play

The BSE IT index tanked 5.73 per cent for the week gone by. It was followed by BSE Technology (down 5 per cent), Healthcare (down 4.63 per cent), Bankex (down 3.15 per cent) and FMCG (down 2.47 per cent). On the other hand, the BSE Realty (up 0.75 per cent) stood out as the only gainer.