The week that was: Latent View logs 250% return in a week, Paytm makes a recovery

Asia's Tech News Daily

Latent View share price, Paytm share price, Latent View, Paytm, Vodafone Idea, India vix

NEW DELHI: It was a scary week for Dalal Street, where concerns over inflation, Fed policy and a new virus variant shaved 4 per cent off benchmark indices, with select rate-sensitive indices such as auto and real estate plunging as much as 8 per cent. The volatility was high with India VIX surging to 20.80 level from 14.85 level a week ago amid the expiry of the monthly F&O series. That said, select stocks delivered as high as 250 per cent return for the week. The list of stocks taking a beating too was long. Here are a few stocks that buzzed the most during the week.

Latent View: The debutant, which got listed this Tuesday, delivered investors a stellar 250 per cent return in the first week of its listing. The scrip closed at Rs 688.90 on Friday, up 249.69 per cent over its issue price of Rs 197.

IndusInd Bank: The scrip was a bit under pressure, even as IndusInd denied that reports of two top executives hired by Spandana from it were false. IndusInd recently faced whistleblower allegations of evergreening of loans at Bharat Financial. The scrip ended the week down 10.57 per cent at Rs 901.45.

Vodafone Idea: This stock climbed 8.81 per cent for the week to Rs 10.86 as analysts believe the telecom operator is likely to see almost 70 per cent and 14 per cent jumps in operating income and revenue respectively in FY22 following its decision to hike all prepaid tariffs by up to 25 per cent, provided the loss-making telco doesn’t suffer any major resulting market share losses.

Paytm: After falling 27 per cent on its market debut last week, the scrip recovered some ground this week, rising some 13 per cent to Rs 1,765.60, thanks to its monthly business update. The company said its October GMV rose 131 per cent to $11.2 billion.

Zee Entertainment Enterprises: The media stock was in news during the week after MD & CEO Punit Goenka said the merger of Zee and Sony Pictures Networks India (SPN) was on track and “in the final stages of stitching up.” The scrip ended up the week climbing 9.06 per cent to Rs 342.45.

Vedanta: This stock surged 14.26 per cent for the week to Rs 353.75 after promoters Vedanta Netherlands and Twin Star Holdings bought 13.79 crore shares or 3.7 per cent stake in the company at Rs. 349.7 apiece through bulk deals.

Raymond: This stock soared 18.54 per cent to Rs 595.25 level this week after the company said it was working toward reorganising its businesses into five core revenue streams, deploying professional boards to raise growth capital in the future. These five focused business areas are textile, fast-moving consumer goods, real estate, education and engineering.

PVR, IndiGo and LemonTree: The four worst-performing stocks, from a sample of BSE500 and BSE Smallcap index companies, were the ones whose fortunes could take a severe beating in case the new Covid variant spreads fast. PVR ended the week down 17.96 per cent at Rs 1390.55. Interglobe Aviation plunged 16 per cent. Two hotel stocks Lemon Tree Hotels and The Indian Hotels Company fell 15 per cent and 13 per cent, respectively.

Tata Teleservices (Maharashtra): The scrip, which is having a stellar year, continued with its strong show, rallying 27.41 per cent to Rs 101.55 apiece in an otherwise weak week for the market. With this, the scrip has rallied closed to 1200 per cent year-to-date and 84 per cent in the last one month.

Laurus Labs: This stock was in the news after the company signed an investment agreement with Immunoadoptive Cell Therapy Private Limited (ImmunoACT), an advanced cell and gene therapy company, to acquire 26.62 per cent stake on a fully diluted basis for about Rs 46 crore. The stock rose 8.61 per cent to Rs 523.35 for the week.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related


Three teens found dead in Texas home in suspected double murder-suicide

A firearm apparently involved in the incident was found inside the home, and two of the victims’ bodies were found together in the residence. Brett Coomer/Houston Chronicle via AP Three ... Read more »

Ulrika Jonsson, 54, reveals ‘special' moment with Marty McKenna, 26, as pair enjoy flirty friendship on Celebs Go Dating

ULRIKA Jonsson, 54, says she shared a “special” moment with Marty McKenna, 26, as he claims she fancies him. The pair enjoyed a flirty friendship while filming for Celebs Go ... Read more »

West Hartford man dies in one of two city shootings, minutes apart

Two bursts of gunfire in broad daylight Tuesday wounded three people in Hartford Tuesday, one fatally, police said. The deadly shooting was the capital city’s first homicide of the year. ... Read more »

Lamb, beer and black bean chilli recipe

Lamb, beer and black bean chilli recipe – Jonathan Lovekin Lamb makes a great chilli – sweet and luscious because of the flavour lamb shoulder and its fattiness. Timings Prep ... Read more »

Graffiti gang member turns life around to become celebrated painter

A Londonartist has turned his life around going from graffiti gang member to celebrated painter with his work being beamed on giant screens on Oxford Street after winning a competition ... Read more »

The 110 best Valentine's Day gifts to buy for everyone you love in 2022

Even toward the end of January, we’re seeing red and pink everywhere to mark the start of February — and the honorary day of love: Valentine’s Day. And though a ... Read more »

Diabetic Supreme Court Justice Sotomayor forced to work remotely because Gorsuch refuses to wear mask

Supreme Court Justice Neil Gorsuch’s refusal to wear a mask during in-person arguments has meant fellow Justice Sonia Sotomayor had to work remotely during arguments, NPR reported. © Getty Images ... Read more »

COMMENT: Riot really messed up the Ares buff in VALORANT patch 4.0

As most VALORANT players will tell you, the light machine guns (LMGs or Heavies, as they’re officially known) Ares and Odin in VALORANT have a distinct place in the gun ... Read more »

Landmark Croydon gardens completely churned up will be revived this year

A landmark garden in Croydon town centre closed for more than a year will open this spring with a new look. The Queen’s Gardens project has seen a set of ... Read more »

What the Activision Blizzard deal means for game devs and platforms

© Image: Microsoft So, what does Microsoft buying Activision Blizzard really mean for regular game developers — and game platforms? Well, firstly — it’s fractally complex. No one deal like ... Read more »

Back to the US: After travel ban lifts, how new rules for British visitors work

Six hundred days after a presidential proclamation from Donald Trump closed off the US to British visitors, the ban on arrivals from the UK has been lifted – for fully ... Read more »

'Vogue' editor Andre Leon Talley has died aged 73

Andre Leon Talley, the famed creative director and editor-at-large of American Vogue, has died aged 73. His cause of death has not yet been announced. TMZ was first to report ... Read more »

Airlines worldwide rush to cancel or change flights to US over 5G rollout at airports

(Getty Images) Airlines across the world have scrambled to cancel or change flights heading into the US in a dispute about the planned rollout of 5G near American airports. Some ... Read more »

Pearl Thusi Slammed For Defending Dineo Ranaka

Media personality Pearl Thusi has received major social backlash for showing love to Dineo Ranaka, following her suspension from Metro FM. Read More: Dance Challenge Gets Dineo Ranaka Suspended It is ... Read more »

Whole30 Now Allows MSG on Their Program—Here's Why That's a Good Thing

© Provided by EatingWell Amazon, Getty Images / GOLDsquirrel Here at EatingWell, we love to keep tabs on peer-reviewed studies to help share the latest news you need to know ... Read more »

Towie star Yazmin Oukhellou ‘devastated' after boyfriend spends the night with Love Island's Ellie Jones in Dubai

TOWIE’S Yazmin Oukhellou’s boyfriend was seen leaving a club with Love Island star Ellie Jones after growing close on a wild night out.  Yaz, 26, has been with 32-year-old Jake ... Read more »

Australia to detain Djokovic after cancelling visa

© Provided by Khaleej Times World No.1 Novak Djokovic during a practice session at Melbourne Park on Friday. — AFP Australia said on Friday it will detain Novak Djokovic this ... Read more »

German leader champions new tack on climate at Davos event

© Provided by Associated Press German Chancellor Olaf Scholz sits in front of a camera as he delivers his speech for the Davos Agenda 2022, at the chancellery in Berlin, ... Read more »

EU to subtract millions from funds to Poland over coal mine

© Provided by Associated Press Smoke rises from chimneys of Turow power plant located by the Turow lignite coal mine near the town of Bogatynia, Poland, Saturday, Jan. 15, 2022. ... Read more »

Houthi terror attack on Abu Dhabi: What we know so far

© Provided by Khaleej Times Support is continuing to pour in for the UAE after suspected drone attacks on two civilian facilities in Abu Dhabi by Yemen-based Houthi militants left ... Read more »

John Stamos Says Bob Saget 'Died Bright and Fierce' in Touching Tribute Video

© Michael Tullberg/Getty Images John Stamos is continuing to grieve the loss of his dear friend, Bob Saget. The 58-year-old Full House star recently attended Saget’s memorial service with close ... Read more »

Online learning remains an option for Sharjah schools as Covid-19 safety measure

© Provided by The National Pupils take on mathematical challenges at Australian International School, Sharjah. Jeffrey E Biteng / The National Thousands of Sharjah pupils have switched to remote learning ... Read more »

UAE: No fines for visitors parking vehicles in residential villa areas before 2am

© Provided by Khaleej Times File photo The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport in Abu Dhabi has announced the easing of parking measures in ... Read more »

Dubai: New publishing house announced

© Provided by Khaleej Times Emirates Literature Foundation announces launch of new publishing house, ELF Publishing. Photo: Supplied The Emirates Literature Foundation has announced the launch of a new independent ... Read more »

Giant asteroid bigger than Burj Khalifa whizzes safely past UAE

© Provided by Khaleej Times Reuters file photo used for illustrative purpose A near-Earth asteroid bigger than Burj Khalifa whizzed safely past the Earth on Wednesday early morning (UAE time), ... Read more »

Dutch purchase of Rembrandt work criticised over tax haven link

The Dutch government is facing criticism after it emerged that a Rembrandt masterpiece is to be bought by the state from the Rothschild family through a tax haven in the ... Read more »

Hutchinson-Gilford Progeria Syndrome: What to Know About the Rare and Fatal Genetic Disorder

© Provided by Health Getty Images / Design by Jo Imperio Aging is a natural part of life, but there are some conditions that rapidly speed up the process. One ... Read more »

U. of Michigan reaches $490M settlement over sexual abuse

The University of Michigan has agreed to a $490 million settlement with hundreds of people who say they were sexually assaulted by a former sports doctor at the school, those ... Read more »

Can Cranberry Juice Prevent UTIs? Probably Not, But an Ingredient in Cranberries May Be Helpful

© Provided by Health Getty Images Making an emergency run to the grocery store to stock up on cranberry juice at the first sign of a urinary tract infection (UTI) ... Read more »

Ujian kedua ADUN Pasir Bedamar negatif dadah, kata Ramkarpal

© Provided by Free Malaysia Today Ahli Dewan Undangan Negeri (ADUN) Pasir Bedamar Terence Naidu, menerusi peguamnya Ramkarpal Singh berkata, permintaan melakukan ujian kedua air kencing ketika ditahan di sebuah ... Read more »

The 4 Best Face Masks for Omicron That Meet the CDC's New Guidelines

© Provided by Health Courtesy of Merchant The rapid surge in COVID-19 cases due to Omicron may have you wondering whether masks protect against the new variant. While face coverings ... Read more »

Fanny Smith muss verletzt pausieren

© KEYSTONE/AP/Jeff McIntosh Die Waadtländer Skicrosserin Fanny Smith erleidet wenige Wochen vor den Olympischen Spielen in Peking einen Rückschlag. Nach ihrem Sturz im Weltcup am letzten Samstag muss sie verletzt ... Read more »

Neue SUVs und Pick-ups mit Strom: So wird Ford wieder cool

Alle reden von Tesla, Nio und anderen Elektro-Start-ups. Aber kaum ein anderer Autohersteller startet gerade so erfolgreich durch wie Ford. Begehrte Modelle kosten gar gebraucht mehr als neu. © zVg ... Read more »

Former tag champs thriving on safe-for-work OnlyFans alternative after WWE firing

Billy Kay and Peyton Royce The Iiconics in 2019 while wrestling with WWE. Getty Images for Singapore Sport Jessica McKay and Cassie Lee, who performed in WWE as the ... Read more »

Tatweer signs youth wellbeing programme with EMPWR

© Provided by Khaleej Times Khalid Al Nakhi and Ally Salama The government-led Sharjah Capability Development (Tatweer) and ‘Forbes 30 Under 30’-famed Ally Salama’s EMPWR have signed an agreement to ... Read more »

5 Sneaky Reasons Why You Might Be Losing Hair Right Now, According to Experts

© Provided by EatingWell Getty Images / Rattankun Thongbun Just like skin woes can make you super self-conscious—and worry if anything is wrong internally to trigger the breakouts, inflammation, oily ... Read more »

Puzzle Pro explains why you can't stop playing viral hit Wordle

WORDLE is still going strong after going viral on Twitter, but a puzzle pro breaks down why its simple format is a winning formula. Mark Whiteway, head of content at ... Read more »

Emirati entrepreneur Khulood Al Nakhi talks us through her beauty routine

© Motivate Publishing Khulood January’s – ‘The Confidence Issue’ – Download Now Khulood Al Nakhi, Founder of BEYOND shares her day to night makeup and skincare routine. Talk us through your ... Read more »

UK asked to probe Indian officials over Kashmir ‘war crimes'

© Provided by Al Jazeera Kashmiris have protested against what they say are crimes against humanity blamed on Indian security forces [File: Adnan Abidi/Reuters] A London-based law firm has filed ... Read more »

Indulge in Akira Back’s Social Sunday lunch at a 25 per cent discount from now until February

© Motivate Publishing Akira back social sunday Sponsored: The perfect place to end your weekend… Sometimes, all you need to end your weekend is a well-deserved Sunday lunch at a ... Read more »
On you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic