Zomato, Paytm and PB Fintech among 35 BSE500 constituents rallying over 10% this week

NEW DELHI: Key benchmark indices Sensex and Nifty50 rallied in four of five sessions last week, producing a solid 1.4 per cent return each. At least 35 stocks from the broader BSE500 index, which is up for the last seven sessions, delivered double digit returns for the week, with every one of five index constituents gaining over 5 per cent for the period. A few new age stocks saw strong price actions. Airline operator SpiceJet was the best performing index stock, as it rallied 29.11 per cent for the week to Rs 49.45 a piece and now commands a market value close to Rs 3,000 crore. The stock surge amid news the airline is in talks with a Middle Eastern carrier for a 24 per cent stake sale. Kansai Nerolac soared 24.70 per cent for the week to Rs 499.65. The paints maker earlier this week reported a 36.51 per cent increase in its consolidated net profit at Rs 152.05 crore on a 46 per cent surge in revenue from operations at Rs 2,051.37 crore. The rebound in the market helped new age stocks recover, sending PB Fintech 21.82 per cent higher for the week. Zomato shares were in news,… Read full this story

• Weekly stock news for the week that ended April 27
• Even bond traders don’t believe this rally
• Seismograph: Brexit-sensitive financial prices in critical week
• Oil falls on strong US dollar, stalling rally that opened 2018
• Pound resumes slide at start of key Brexit week
• The Rising Stars of Fintech in Southeast Asia
• How the founder of 'legal loan shark' Wonga made a comeback as London's fintech messiah
• Trump may be proposing his massive tariffs now to help swing the nation's biggest congressional race -- but constituents are worried
• The World’s Top 10 Most Innovative Companies Backed By Kickstarter In 2015
• Pound enjoys biggest two-day gain in 10 months: as it happened

Zomato, Paytm and PB Fintech among 35 BSE500 constituents rallying over 10% this week have 292 words, post on bfsi.economictimes.indiatimes.com at August 7, 2022. This is cached page on Drudgereport. If you want remove this page, please contact us.