Top 5 Large-cap gainers and losers this week!
5paisa Research Team
Last Updated: 4th February 2022 - 05:26 pm
List of top 5 gainers and losers this week in the Large-cap space.
A growth-oriented Union Budget 2022-23 which provided an ambitious blueprint for the next year has buoyed overall market sentiments and benchmark equity indices on the BSE and National Stock Exchange (NSE) have both ended higher this week. The FIIs however, continued the selling spree, selling a provisional Rs 1,802.93 crore so far this month, while DIIs purchased Rs 1,653.08 crore worth of shares. Among the sectoral indices, S&P Bse Metal (+5.56%) and S&P Bse Consumer Durables (+5.49%) were the top gainers in the previous 5 trading sessions, whereas the S&P Bse Oil & Gas was the only BSE sectoral index in the red (-0.12%).
In the period from Friday i.e. January 28 to February 03, the blue-chip NSE Nifty 50 index gained 2.68% from 17,101.95 to 17,560.20. Similarly, the S&P BSE Sensex registered a gain of 2.78% from 57,200.23 to 58,788.02.
Let us have a look at the top gainers and losers in the large-cap space during this period.
|
Top 5 Gainers |
Return (%) |
|
Gujarat Fluorochemicals Ltd. |
23.73 |
|
PB Fintech Ltd. |
18.61 |
|
Info Edge (India) Ltd. |
13.25 |
|
FSN E-Commerce Ventures Ltd. |
11.46 |
|
NMDC Ltd. |
11.36 |
|
Top 5 Losers |
Return (%) |
|
Hindustan Petroleum Corporation Ltd. |
-9.09 |
|
Jubilant FoodWorks Ltd. |
-3.31 |
|
Star Health and Allied Insurance Company Ltd. |
-2.69 |
|
NTPC Ltd. |
-2.57 |
|
UPL Ltd. |
-2.10 |
Shares of Gujarat Fluorochemicals rose 23.73% in the past 5 trading sessions, closing at Rs 3143 on Thursday, and was among the top gainers among the Large Caps. The upward move in the share price comes on the back of the company posting strong results with strong realisation in caustic soda and polytetrafluoroethylene (PTFE) that boosted profitability. The company recorded a 58.87% increase in revenue to Rs 1007.48 crore during Q3FY22. This came with an operating margin expansion of 910 bps and resulted in a 123.53% growth in operating profit to Rs 316.96 crore. Management remains confident about a strong pick up in earnings growth momentum with a strong pricing environment for PTFE. The company is also expected to benefit from the proposed capacity expansion in these verticals in FY23.
PB Fintech, the parent of online insurance and credit comparison platforms Policybazaar and Paisabazaar was among the large caps stocks that rallied this week, rising 18.61% to close at Rs 936.1 on Thursday. The company announced a partnership with life insurance giant LIC this week. As part of the agreement, IPO-bound LIC's products will now be available on the online insurance policy aggregator’s platform and help it expand its reach. The partnership will also see state-run insurers use a private aggregator to distribute products to further boost their online presence. The partnership is seen as highly beneficial for PolicyBazaar.
Noida Headquartered Indian pure-play internet company, Info Edge (India) was among the top performers among the large caps this week and was up by 13.25% by the market close on Thursday. The price rise comes on the back of strong Q3 earnings and upbeat views of its management. Info Edge posted a 50.92% YoY growth in revenues to Rs 419 crore for the third quarter on the back of the strong performance of its recruitment business. Operating profit stood at Rs 114.50 crore, up 70.35%, while margins improved to 27.33% from 24.21% in Q3FY21. The company’s whole-time director and Chief Financial Officer, Chintan Thakkar stated that it was the third quarter in a row that the company has witnessed stellar billing growth and great momentum, particularly in the recruitment business.
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