Yes Bank lost 17% of investors' funds this week.
New Delhi:
Yes Bank continues to decline. This week, the major index of the stock market,
the Sensex, rose 1.39 percent and the Nifty rose 1.38 percent. In the Sensex,
Yes Bank suffered the most losses to investors. YES Bank shares fell 16.70
percent in the trading week from December 9 to December 13. The bank's shares
had also lost 18 per cent to investors on the BSE last week. The bank's shares
have fallen 33.70 per cent since November 28. The bank shares have fallen 74.13
per cent on the BSE in a year. There is no clear picture of the bank's two
billion dollar fund raising plan. Some experts are also suspecting that the
bank may be nationalized or a state-owned bank may acquire it. Moody's
Investors Service downgraded the bank's credit rating last week citing stressed
assets. The bank's outlook was also turned down by the rating agency. Among
other Sensex stocks, Tata Motors DVR gave the highest 7.22% return this week.
Tata Steel jumped more than six per cent, Vedanta by over five per cent and
Maruti, Axis Bank and SBI by over four per cent.
Transvantee Finance gives the highest 61% return on BSE
This week Transvanti
Finance gave the highest return of 60.54% on BSE. Other stocks that gave
highest returns were followed by Energy Global (44.94 per cent), Benara Bearing
& Pistons (39.18 per cent), SPML Infra (34.12 per cent) and Indochem
Limited (33.33 per cent). Benara Bearing & Pistons also gave 32.91% returns
last week. Investors, however, should not get caught in the lure of high returns
in the stock market and should invest only after thorough investigation or on
the advice of certified investment advisors. Market fluctuations depend on many
factors.
These stocks continued to rise throughout the week
Several BSE stocks
continued to rise throughout the week. The stocks that gave the most rapid
returns were Energy Global (44.94 per cent), Benara Bearing & Pistons
(39.18 per cent), SPML Infra (34.12 per cent) Modipon Limited (27.33 per cent)
and Biofil Chemicals and Pharmaceuticals (27.32 per cent). Vaswani Industries,
on the other hand, recorded the highest decline of 33.46 per cent.
These stocks put the upper circuit in every session
Many BSE stocks hit
the upper circuit in each session of the week. The stocks that gave the highest
returns with a consistent upper circuit included Energy Global (44.94 per
cent), Mahip Industries Ltd (27.37 per cent), Modipon Ltd (27.33 per cent),
Biofil Chemicals and Pharmaceuticals (27.32 per cent) and Flexituff Ventures
International (27.20 per cent). are. Last week at Flexituff Ventures
International, there was an upper circuit in every session and it gave a return
of 27.04 per cent. The company does business in the plastic products sector.
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