Top 5 Large-cap gainers and losers this week!
5paisa Research Team
Last Updated: 21st February 2022 - 10:08 am
List of top 5 gainers and losers this week in the Large-cap space.
The Indian stock markets saw selling pressure mounting amid a selloff in global equities as investors globally fretted over escalating tensions between Russia and the West over Ukraine, besides global concerns of a knee-jerk reaction of rate hikes to tame inflation that could well topple growth and damage stabilising markets. In the period from Friday i.e. February 11 to February 17, the blue-chip NSE Nifty 50 index declined 0.40% from 17,374.75 to 17,304.6. Similarly, the S&P BSE Sensex registered a decline of 0.45% from 58,152.92 to 57,892.01.
Among the sectoral indices, S&P BSE Energy (+1.95%) and S&P Bse Teck (+0.5%) were the top gainers in the previous 5 trading sessions, whereas the S&P Bse Metal (-3.99%) and S&P BSE Basic Materials (-2.67%) were among those in the red.
Let us have a look at the top gainers and losers in the large-cap space during this period.
|
Top 5 Gainers |
Return (%) |
|
Adani Green Energy Ltd. |
7.44 |
|
Page Industries Ltd. |
6.02 |
|
Adani Power Ltd. |
5.65 |
|
Eicher Motors Ltd. |
4.85 |
|
Sona BLW Precision Forgings Ltd. |
4.01 |
|
Top 5 Losers |
Return (%) |
|
Astral Ltd. |
-9.51 |
|
NMDC Ltd. |
-8.48 |
|
Muthoot Finance Ltd. |
-8.09 |
|
Balkrishna Industries Ltd. |
-7.89 |
|
Piramal Enterprises Ltd. |
-7.42 |
Shares of Adani Group company were buzzing on the bourses this week and Adani Green Energy Limited (AGEL) was no exception. The scrip rose 7.44% in the past 5 trading sessions, closing at Rs 2047.8 on Thursday, and was among the top gainers among the Large Caps during this period. India and Australia on Tuesday inked a letter of intent for working together towards reducing the cost of new and renewable energy technologies and scaling up their deployment to reduce emissions globally. This move will pave the way for working towards reducing the cost of new and renewable energy technologies and scaling up their deployment in order to accelerate global emissions reduction, potentially benefiting a company such as AGEL which is one of the largest renewable companies in India, with a current project portfolio of 13,990 MW.
Shares of Page Industries were among the large caps stocks that rallied the most this week, rising 6.02% to close at Rs 42,236.35 on Thursday. Last week, Page reported its best quarter with its highest-ever revenue and PAT. The company’s topline grew by 28.34% YoY to Rs 1189.8 crore from Rs 927.06 crore in Q3FY21. Revenue growth was led by a 24% volume and a 4% realization growth. Higher demand during the festival season, expansion in the distribution network, new launches, and robust growth in e-commerce sales supported the volume growth. This led to a 13.58% growth in PAT to Rs 174.5 crore. Commenting on the results, the company’s Managing Director, Sunder Genomal stated that “sales momentum picked up significantly across the product categories backed by expansion in the company’s portfolio and existing network.”
Adani Power was among the top performers among the large caps this week and was up by 5.65% in the last 5 trading sessions, closing at Rs 131.85 on Thursday. Adani Power's subsidiary and Gujarat Urja Vikas Nigam have agreed to resolve its disputes, which is a big fundamental development for the company. In its latest exchange communication, the Adani group company informed about the development that triggered fresh buying in the counter leading to sharp upside movement in the multi-bagger stock.
Also read: Top 5 gainers and losers in the Midcap and Smallcap segment during this week!
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