Top 5 Large-cap gainers and losers this week!

List of top 5 gainers and losers this week in the Large-cap space.

Stock market bulls were blasted off by Vladimir Putin’s advance into Ukrainian territory that also tore down all defences on Dalal Street. Benchmark indices witnessed increased volatility. The FIIs withdrawal continued to put pressure even though it has been partially offset by DIIs investment. In the period from Friday i.e., February 25 to March 3, the blue-chip NSE Nifty 50 index declined 0.46% from 16,585 to 16,509. Similarly, the S&P BSE Sensex registered a decline of 1.27% from 55,864 to 54,298. 

Among the sectoral indices, S&P BSE Metals (11.76%) and S&P BSE Utilities (6.15%) were the top gainers in the previous 5 trading sessions, whereas the S&P BSE Auto (-5.62%) and S&P BSE Private Bank (-4.3%) were among those most impacted. 

Let us have a look at the top gainers and losers in the large-cap space during this period.   

GAIL (India):

Shares of GAIL (India) were buzzing on the bourses this week. The scrip rose 18.08% in the past 5 trading sessions, closing at Rs 159.05 on Thursday, and was among the top gainers in the Large Caps during this period. They have released Q3 results a few days back, where revenue was 67% up YoY, operating profit was 107% up YoY, while margin expanded by 130 bps. It witnessed a 138% increase in net profit. For this slow running PSU stock, the stock movement in last five days has come as a surprise.

Adani Transmission:

 On 3rd March, the S&P Power Index witnessed an upside of 2.3%, where Adani Transmission had hit an upper circuit of 5%. Adani Transmission (ATL) is the transmission business arm of the Adani Group, one of India’s largest business conglomerates. Headquartered at Ahmedabad in Gujarat, the company is one of the largest private sector power transmission companies in India with a presence across the western, northern and central regions of India.

Coal India: 

Coal India Ltd was among the top performers among the large caps this week and was up by 15.57% in the last 5 trading sessions, closing at Rs 188.90 on Thursday.  Here is another PSU stock that has made it big in tough times. The rally was fuelled by robust production of 64.3 million tons of coal in the month of February. Also, its subsidiary Northern Coalfields Ltd is expected to cross its production target of 119 million tons for FY22 and its capex plan of Rs 1,640 crore is in place. Many brokerage houses too are bullish on this stock which has led the rally further.