Last week’s movers and shakers: stocks that moved the most

Experts believe the Last week’s movers will persist in the coming week, with a greater emphasis on the severity of the new COVID-19 variant, monthly auto sales figures, Q2 GDP data, and FII flow.

The market succumbed to panic selling pressure, falling to a nearly three-month low on Friday. And as a result, the benchmark indices lost more than 4% in the week ended November 26, continuing the downtrend for the second week in a row. As a result, the Nifty50 fell 738.35 points, or 4.16 percent. To 17,026.45, its lowest close since August 30 this year.

While the BSE Sensex fell 2,528.86 points, or 4.24 percent, to 57,107.15, as selling was seen across sectors.

According to a stock exchange filing, Vedanta’s share price increased by more than 14 percent. After its holding companies raised $800 million (approximately Rs 6,000 crore) by pledging shares in the company.

To raise funds, Last week’s movers promoter group firms sold 242.26 crores, or 65.18 percent of Vedanta Ltd. In three facility agreements, according to a Vedanta Ltd filing. Twin Star Holdings Ltd entered into a deal with Standard Chartered Bank, London, to borrow USD 400 million in the first financing transaction. Vedanta Netherlands Investments BV received $150 million from Standard Chartered Bank in London in the second round.

Paytm | One97 Communications In the previous week, the stock increased by more than 14%. One 97 Communications, which operates Paytm, announced on November 27. That its losses increased to Rs 474 crore in the third quarter ended September compared to the same period the previous fiscal year. The loss in the last year was Rs 437 crore.

Citing unnamed sources, BlackRock and Canada Pension Plan Investment Board purchased more Paytm shares last week. The amount of the stake increase, however, was unknown.

Vodafone Idea The stock increased by 9% after the telecommunications company decided to raise tariffs. In an exchange filing, Vodafone Idea (Vi) said that it would raise its prepaid tariff plans by 20-25 percent, with the new rates taking effect on November 25. “The new plans will begin the process of ARPU (Average Revenue Per User) improvement. And help address financial stress faced by the industry,” according to the release.