Top 5 Large-cap gainers and losers this week!

TV18 Broadcast:

Shares of TV18 Broadcast rose 10.19% in the past 5 trading sessions, closing at Rs 58.40 on Thursday, and was among the top gainers among the large caps. The upward move in the share price comes on the back of media reports that Uday Shankar and James Murdoch eye to pick up a significant stake in Viacom 18. Reports state that Lupa India, the investment company set up by the duo are in the final stages of picking up a 39% stake in Viacom 18 – the joint venture in which TV18 (controlled by Reliance) has a 51% stake, and Viacom CBS has a 49% stake. Viacom runs television and digital entertainment channels and is entering into the sports business according to reports. This news, in particular, becomes significant ahead of the auction of IPL's media and broadcasting rights.

Union Bank of India:

Union Bank of India was among the PSU Bank Index that made a rally this week, rising 6.66% to close at Rs 46.45 on Thursday. PSBs to see continued traction in their operating performance, supported by modest business growth and a gradual reduction in provisions. Union Bank of India has established a Cyber Security Centre of Excellence (CCOE) in Hyderabad to strengthen cyber security activities of the bank which include providing cyber security awareness training and workshops to all its employees, vendors and customers.

The Federal Bank:

Kochi headquartered Indian private sector bank, Federal Bank was among the top performers among the large caps this week and was up by 6.50% by the market close on Thursday. The bank saw its Q3FY22 PAT numbers see good sequential and YoY uptick largely on the back of lower provisions number. Provisions sank 27% sequentially with Gross and Net NPAs coming in lower. The balance sheet saw growth from both sides, advances and deposits grew 4.6% and 2% sequentially respectively. The management is looking positively at the developments through Q3 and expects NIMs to stabilize at the current level between the 3.2% to 3.3% range.