The week that was in 10 stocks: Adani Wilmar zooms 72%, Solara Active, Jubilant disappoints

Benchmark Indices, BSE Sensex and Nifty50, dropped a per cent each. The broader markets underperformed as BSE midcap and smallcap index dropped 2 per cent and 3 per cent, respectively.

Among the sectors, BSE Capital Goods lost 4 per cent, followed by a 3 per cent fall in the realty index. FMCG index fell over 2 per cent. However, the metal index gained 4 per cent during the week.

Yesha Shah, Head of Equity Research, Samco Securities, said that D-Street experienced wild swings and ended the week in red as the participants baked in the possibility of a faster than expected Fed rate hike given the soaring US inflation.

“Globally, markets have remained turbulent since the start of the year and this volatility was extended to this week as well,” she added. “The RBI has avoided joining the choir yet again by taking an unexpected dovish stance.”

In the BSE500 index, about 395 stocks registered degrowth during the week, whereas the remaining 105 stocks ended higher. More than 20 stocks registered double digit cuts during the week.

Below are some stocks that were in the spotlight during the last week:

Solara Active Pharma Sciences: The API manufacturer dropped 35 per cent to Rs 620.2 as the pharma player reported a net loss of Rs 139.87 crore in the quarter ended December 2021 as against net profit of Rs 65.80 crore during the previous quarter ended December 2020.

Stove Kraft: The home and kitchen appliances maker tanked 26 per cent to Rs 640.45 reported a sharp 67 per cent year-on-year decline in its profit after tax of Rs 11.1 crore in Q3FY22, due to higher operational cost. The company had posted PAT of Rs 33.50 crore in the year ago quarter.

Fairchem Organics: The commodity chemicals player plunged 19 per cent to Rs 1673.85 after the company reported a 35 per cent fall in the net profit to Rs 4.61 crore in December 2021 quarter, which was Rs 7.12 crore in September 2021 quarter.

Jubilant Industries: The speciality chemical player tumbled more than 18 per cent to Rs 521.1 as its net profit declined 30 per cent to Rs 5.18 crore in the quarter ended December 2021 as against Rs 7.36 crore during the previous quarter ended December 2020.

PB Fintech: The recently listed financial services platform provider gave up more 18 per cent to Rs 776.15 following a reported block deal, in which its founder has trimmed stake to 8.01 per cent on a fully diluted basis from 10.33 per cent.

Adani Wilmar: The recently listed Adani Group’s edible oil manufacturer made a debut but post listing, it attracted investors’ interest. The scrip was listed at Rs 221 on February 8, but ended the week 72 per cent higher at Rs 381.

Mahindra Logistics: The integrated logistics and mobility solutions provider slumped 15 per cent to Rs 489.65 after it reported a sharp 72 per cent year-on-year decline in profit after tax to Rs 5 crore for the December 2021 quarter.

Shankara Building Products: The organised retailer of home and building products zoomed 33 per cent to Rs 659.65 after the company reported a 580 per cent rise in the net profit to Rs 18.75 crore for the nine months ended December 31, 2021.

Zee Media Corporation: The media player advanced 29 per cent to Rs 19.54 after it was back in black on a sequential basis. The company reported a net profit of Rs 25.11 crore in Q3FY22, which was a net loss of Rs 116.78 crore in Q2FY22.

DB Realty: The smallcap real estate play ralled 27 per cent to Rs 128.6 after the company announced fundraising plans, including ace investors Rakesh Jhunjhunwala and his spouse Rekha Jhunjhunwala.


Gujarat Narmada Valley Fertilizers & Chemicals: The fertilizers gained 24 per cent to Rs 565.5 as it reported a 123 per cent rise in the net profit of Rs 540.78 crore in the quarter ended December 2021.