Top 5 Large-cap gainers and losers this week!

Tata Teleservices (Maharashtra):

After soaring up by 2496% in 2021, shares of Tata Teleservices have continued to perform impressively in 2022, rising 21.48% in the period from December 31, 2021, to January 06, 2022. The share rose from Rs 206.95 levels to close at Rs 251.45 on Thursday after hitting consecutive upper circuits. The sharp rally in the share price of Tata Teleservices has seen the company enter the top 100 most valued companies in terms of market capitalization and cross the Rs 50,000 crore mark for the first time since its listing. Mumbai-based company is a subsidiary of the Tata Group and deals in broadband, telecommunications and cloud services. The company is debt-laden and has been struggling with losses. However, it has seen a turnaround in fortunes on the path to transforming itself as the preferred SaaS+Connectivity platform for Indian MSMEs. Investor sentiment about the stock is positive given the fact that the Tata group is backing this company and have assured investors that all debt obligations will be met.

 AU Small Finance Bank:

Shares of AU Small Finance Bank, rose by 12.58% so far this week and was among the top gainers in the largecap category. In its Q3 business update, the private sector lender reported a sequential growth of 10.6% and 26.5% year-on-year in total assets under management (AUM) to Rs 42,027 crore in the October-December quarter (Q3FY22). On a gross advances basis, the bank witnessed a growth of 11.9% QoQ (+33.4% YoY). The bank saw a significant improvement in the overall business environment, which resulted in strong disbursements. In Q3FY22, disbursements were up 59% QoQ (+33% YoY) at Rs 8,152 crore. Deposit growth too remains strong, led by robust CASA growth, resulting in a further improvement in CASA ratio.

Bajaj Finance:

Shares of Bajaj Finance rose by 10.93% to Rs 7739.5 this week from its close of Rs 6976.9 on December 31, 2021. The NBFC major too reported a strong business update for the third quarter of the fiscal year 2022. The customer franchise grew nearly 20% to 55.4 million on 31 December 2021 as compared to 46.3 million as of 31 December 2020. New loans booked during Q3 FY22 were at 7.4 million, rising 23% from 6 million in Q3 FY21. Assets under management (AUM) stood at approximately Rs 181,300 crore as of 31 December 2021, up 26% from Rs 143,550 crore as of 31 December 2020. The company continues to remain well-capitalized with a capital adequacy ratio (CRAR) of approximately 27% as of 31 December 2021. The company's deposit book stood at approximately Rs 30,000 crore as of 31 December 2021 as compared to Rs 23,777 crore on 31 December 2020. The deposit book in Q3FY22 grew by approximately Rs 1,250 crore.