Top 5 Large-cap gainers and losers this week!
5paisa Research Team
Last Updated: 13th December 2022 - 06:01 pm
List of top 5 gainers and losers this week in the Large-cap space.
Domestic stock markets came under intense selling pressure this week amid global concerns that recovery from the Covid pandemic will slow down as elevated inflation is likely to force the central bank's to tighten monetary policy. The recent investment pattern of foreign portfolio investors suggests that they have been reducing their holdings. Over the last six trading sessions, FPIs have sold domestic equities worth Rs 12,866 crore. Meanwhile, stocks like JSW Energy, Adani Ports and Special Economic Zone, Adani Enterprises, Indus Towers, and Adani Power succumbed to selling pressure and corrected sharply.
In the period from Friday i.e. October 22 to October 28, the Nifty 50 index fell 1.42% from 18,114.90 to 17,857.25. Similarly, the BSE Sensex registered a decline of 1.38% from 60,821.62 to 59,984.7.
Let us have a look at the top gainers and losers in the large-cap space during this period.
|
Top 5 Gainers |
Return (%) |
|
Sona BLW Precision Forgings Ltd. |
8.20 |
|
United Spirits Ltd. |
7.06 |
|
Apollo Hospitals Enterprise Ltd. |
6.57 |
|
ICICI Bank Ltd. |
5.21 |
|
Asian Paints Ltd. |
4.49 |
|
Top 5 Losers |
Return (%) |
|
Adani Power Ltd. |
-11.61 |
|
Indus Towers Ltd. |
-9.78 |
|
Adani Enterprises Ltd. |
-9.70 |
|
Adani Ports and Special Economic Zone Ltd. |
-9.63 |
|
JSW Energy Ltd. |
-8.57 |
Sona BLW Precision Forgings Ltd
Shares of Sona BLW Precision Forgings Limited was the top gainer on the exchanges so far this week, gaining 8.20% this week. The rise came on the back of a strong show put up by the Gurugram-based automotive tech company in Q2FY22. The revenue of the company grew by 52% YoY to Rs 586 crore, with battery electric vehicles contributing 22% to the overall revenue. Consolidated PAT stood at Rs 88 crore, registering a YoY growth of 22% over the same period last year. The net order book of the company stood at Rs 13,600 crore as of September 2021.
United Spirits Ltd
United Spirits Limited was among the stocks that withstood the selling storm in the market this week and instead rose by 7.06%. The reason behind the stellar show by United Spirits was the management’s commentary given along with the recent Q2 results. United Spirits management indicated that the demand scenario was improving rapidly and highlighted how the premium whiskey segment is benefitting from the enhanced spending ability of high net worth and ultra-high net worth individuals in the country. Meanwhile, the net sales of the Diageo-controlled liquor maker increased 14% YoY, reflecting a strong quarter. The gross margin was 44.2%, up 207 bps on a reported basis and 190 bps on an underlying basis. The net profit of the company more than doubled to Rs 274 crore for the second quarter ended September. The year-ago quarter was impacted badly by the lockdown.
Apollo Hospitals Enterprise Ltd
Shares of Apollo Hospital Enterprise Limited gained by 6.57% this week. Higher traction amidst the loosening up of lockdowns with increased awareness in terms of health among the public, and a steady rise in the number of people responding to vaccination drives for COVID are the factors that are likely driving the stock price of the healthcare enterprise. The company is yet to report its numbers for Q2FY22 with its board scheduled on November 12, 2021, for the approval of the Financial Results.
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