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The Baseline
15 Aug 2017
Bucking the trend: stocks that saw high weekly gains despite Sensex doldrums

For five consecutive days the Sensex lost both momentum and gains as global markets took a hit and the US and North Korea had a war of words with one another, and as North Korea threatened to launch missiles against a US military base. Diplomacy seems to have eventually won out, at least for now, and the US and global markets have seen some recovery today. 

During the week however, there were some stocks that bucked the trend and stayed in the green, ending the week on a gain. The week filter on the price screener identifies the top firms in that list. These companies have been in the green on strong Q1 results. This includes PC Jeweller, whose share price gained by over 14% during the week and saw a steady quarter in its June results. The firm expects a boost in sales in the coming festival season, thanks to a strong monsoon and upbeat consumer sentiments. The company is also in a sector where organized firms are set to gain with the GST bringing unorganized sector players into the tax net. 

Relaxo Footwear is another company that gained in share price over last week. The company posted good results for the Q1 ending June 2017, with double digit growth in revenues. One of the expected benefits from the Modi government's Make in India focus is for the leather sector in which Relaxo operates, with the government looking to boost growth in the sector via grants, subsidies and additional incentives. 

Edelweiss Financial Services, which saw double digit net profit and revenue growth in the June quarter, was also a net gainer, as well as Britannia Industries which beat consensus estimates in net profit, revenue and EBITDA margins to deliver growth. For the full screen of these companies, click here.

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