#KotakMahidnraBank

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Weekly Analysis on Stocks for the week ended Friday, 3-May

The BSE Sensex and the NSE Nifty ended 0.3% and 0.4% lower respectively for the week, while the Nifty Midcap underperformed indices, declining 1.5% for the week. Pharma sector declined the most, down 2.6%, Nifty IT index down 2.5% Nifty FMCG down 2.3% and nifty Auto fell 2.3% for the week. On the other hand, Nifty Metal performed well higher by over 1 percent and Nifty Energy gained 0.8% Banking and financial stocks outperformed on the Nifty50 index for the week. HDFC Bank gained 3.7%, Kotak Mahidnra Bank gained 2.8 percent each and HDFC rose 1.3%. Oil Marketing Companies such as Bharat Petroleum and Indian Oil Corporation also rose over 2% each for the week as crude oil prices dropped to a 30-days low after the recent surge above USD 75 per barrel. Yes Bank shares underperformed for the week, down 26% after the Bank reported a net loss of Rs.1507-Crore for the period ended March 31. IndusInd Bank slipped 8.5% for the week Britannia Industries fell 9% after the earnings were below analysts’ estimates for Q4. The company reported an 11.82% increase in consolidated net profit at Rs.294.27-crore for the fourth quarter Indiabulls Housing fell 4.4% after the reported a 7% year-on-year de-growth in consolidated profit but net interest income advanced 5.8 percent. Hindustan Unilever slipped 3% and also TCS fell 4.5% after IT stocks were under pressure on strong rupee. Free Intraday Trading tips, MCX Free Tips, Commodity tips and Stock Tips Read the full article