Top five large-cap gainers and losers of this week!
5paisa Research Team
Last Updated: 13th December 2022 - 05:47 pm
List of top five gainers and losers of this week in the large-cap space.
This week witnessed buying interest in selected IT and pharma stocks while selling pressure was seen in metal as well as real estate names.
S&P BSE Information Technology and S&P BSE Healthcare led the gains, rising by 3.07% and 3.51% while S&P BSE Metals and S&P BSE Realty fell by 2.25% & 1.25%, respectively. Meanwhile, FII selling reduced sharply over the last few days due to the festive holidays. In December 2021, FIIs were net sellers of Rs 17,893.60 crore in the Indian equities market while DIIs were net buyers to the tune of Rs 30,065.43 crore.
In the period between Friday i.e. December 24 and December 30, the blue-chip NSE Nifty 50 index rose 1.18% from 17,003.75 to 17,203.95. Similarly, S&P BSE Sensex registered a gain of 1.17% from 57,124.31 to 57,794.32.
Let us have a look at the list of the top gainers & losers in the large-cap space during this period.
|
Top five gainers |
Return (%) |
|
Tata Teleservices (Maharashtra) Ltd |
21.44 |
|
Astral Ltd |
6.88 |
|
Sun Pharmaceutical Industries Ltd |
6.25 |
|
Dr Reddy's Laboratories Ltd |
5.74 |
|
Cadila Healthcare Ltd |
5.7 |
|
Top five losers |
Return (%) |
|
Adani Green Energy Ltd |
-5.69 |
|
PB Fintech Ltd |
-5.56 |
|
Adani Transmission Ltd |
-4.92 |
|
Jindal Steel & Power Ltd |
-3.71 |
|
Indus Towers Ltd |
-3.69 |
Tata Teleservices (Maharashtra)
The shares of Tata Teleservices emerged as the top gainer among the large-caps this week, rising by 21.44% from Rs 162.3 on December 24, 2021, to close at Rs 197.1 on December 30, 2021. The stock has been one of the top-performing stocks in NSE Nifty 500, rising by 2,404.45% in a one-year period as of December 30, 2021. Factors such as Tata Group’s continuous liquidity support, the company’s focus on the SME segment, which has a vast market opportunity, potential collaboration with Tata Group’s SuperApp & Tata Communications Ltd, along with transformation into SaaS+connectivity solution provider, has turned the market extremely bullish on Tata Teleservices.
Astral
The shares of Astral rose by 6.88% so far this week and have been among the top gainers in the large-cap category. In a one-year period as of December 30, 2021, Astral has delivered a return of 75.23%. It is the leader in the CPVC piping segment and the third-largest piping company with a value market share of 9%. The company is now expanding into the adhesive business. The pick-up in the housing sales & construction activities has augmented growth in both pipes and adhesives.
Sun Pharmaceutical Industries
The shares of Sun Pharmaceutical Industries rose 6.25% so far this week and closed at Rs 834.35 on December 30, 2021 (Thursday). In a one-year period as of December 30, 2021, Sun Pharma has delivered a return of 42.84%. The uptrend is on expectations that the complex drug approvals in the US, outperformance in the domestic formulations, and incremental gains from anti-COVID launches in India will boost its top line. The decision to set up a manufacturing plant in Andhra Pradesh is also being viewed positively by the Street.
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