Top 5 Largecap gainers and losers this week!
5paisa Research Team
Last Updated: 26th November 2021 - 04:45 pm
List of top 5 gainers and losers this week in the large cap space.
The re-opening of the economy is seen approaching near-normal activities to pre-covid levels with state governments and in specific the state of Maharashtra’s decision to allow in-person schooling from December 01, 2021, a lead indicator for a stronger rebound in domestic consumption. Although this comes at a time when concerns on new heavily mutated COVID variant from South Africa in reaction to which the UK has suspended flights to six South African countries
Meanwhile, the domestic equity market continued to slip this week. In the period from Thursday i.e. November 18, 2021, to November 25, 2021, the Nifty 50 index fell 1.29% from 17,764.8 to 17,536.25. Similarly, the BSE Sensex fell by 1.41% from 59,636.01 to 58,795.09.
Let us have a look at the top gainers and losers in the large-cap space.
|
Top 5 Gainers |
Return (%) |
|
Vedanta Ltd. |
18.72 |
|
Vodafone Idea Ltd. |
16.73 |
|
One97 Communications Ltd. |
14.86 |
|
FSN E-Commerce Ventures Ltd. |
13.26 |
|
Indian Overseas Bank |
8.98 |
|
Top 5 Losers |
Return (%) |
|
Info Edge (India) Ltd. |
-8.26 |
|
Interglobe Aviation Ltd. |
-7.98 |
|
Muthoot Finance Ltd. |
-7.63 |
|
Pidilite Industries Ltd. |
-7.62 |
|
Siemens Ltd. |
-7.08 |
Vedanta
Shares of Vedanta Limited gained by 18.72% this week to touch Rs 367.55 levels on Thursday after the promoters of the company - Twin Star Holdings and Vedanta Netherlands Investments BV announced that they are purchasing around 170 million shares of the company at an offer price of Rs 350 per share. The total value of the purchase amounts to Rs 5,950 crore and JP Morgan India is acting as the broker to the promoter group companies. The promoter company Twin Star Holdings increased its stake to 37.11% from 34.44% via this conversion.
Vodafone Idea
Stocks from the telecom giant, Vodafone India rose 16.73% this past week to Rs 16.73 as of Thursday, November 25, 2021, after the hike in tariff prices. The tariff prices which were raised by 20-25% kicked in for Vodafone Idea customers from November 25. The company is the most vulnerable of the three large private telecom firms in India because of its enormous debt and loss of market share to Reliance Jio and Bharti. The much-needed hike will help improve Vodafone Idea's cash flows and also help in its fund-raising efforts.
One97 Communications
Paytm parent One97 Communications' shares rose by 14.86% this week to Rs 1796.55, continuing to strengthen following a weak debut. This helped Paytm shares inch towards their issue price of Rs 2,150. In the first two days of its journey in the secondary market, the digital payment platform's stock had shed 36.7% of its value compared to the issue price, emerging as one of the weakest debutants of recent times. One97's mega IPO, though fully subscribed, failed to attract the kind of investor interest enjoyed by most newcomers this year.
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