Mahindra & Mahindra Q2 Results: Net Profit Jumps 35%
Weekly movers: Hits and misses in the large cap space during the week!
Last Updated: 28th October 2022 - 11:56 am
Here’s a list of the top 5 gainers and losers this week in the large-cap space.
In the last 5 trading sessions, the frontline index S&P BSE Sensex climbed 0.75%, going from the level of 59,307.15 on 21 October to 59,756.84 on 27 October. Similarly, the NIFTY surged by 0.91%, going from 17,576.30 on 21 October to 17,736.95 on 27 October.
Let us have a look at the top gainers and losers in the large-cap space during the last 5 trading sessions (between 21 October and 27 October).
Top 5 Gainers |
Return (%) |
JSW Steel Ltd. |
9.24 |
NHPC Ltd. |
8.5 |
Canara Bank |
7.82 |
Union Bank Of India |
7.53 |
Adani Total Gas Ltd. |
7.5 |
Top 5 Losers |
Return (%) |
FSN E-Commerce Ventures Ltd. |
-7.63 |
Schaeffler India Ltd. |
-5.92 |
Hindustan Unilever Ltd. |
-5.19 |
Page Industries Ltd. |
-4.01 |
Mphasis Ltd. |
-3.53 |
JSW Steel Ltd
Last week, the company announced its results for the quarter Q2FY23. During the quarter, the company’s net revenue increased 28.8% YoY to Rs 41,122 crore. The company also reported that its Board has approved a scheme of amalgamation of its joint venture Creixent Special Steels Ltd (CSSL) and CSSL’s subsidiary JSW Ispat Special Products Ltd with the company. On Thursday, the company announced that JSW Steel USA, a subsidiary of JSW Steel Limited (flagship business of USD 22 billion JSW Group), has tied-up long-term financing with two Italian banking institutions, Intesa Sanpaolo and Banco BPM, for its Plate Mill modernisation project in Baytown, Texas.
NHPC Ltd
Last week, NHPC announced that a meeting of Board of Directors of the company is scheduled to be held on Thursday, 10 November, 2022 to inter-alia consider the unaudited Financial Results (Standalone and Consolidated) of the company for the quarter and half-year ended on September 30, 2022. Apart from this, the company has not made any significant announcements of late. Hence, the rally in the share price could be driven purely by the market forces.
Canara Bank
In the previous week, the company announced its results for Q2FY23 and H1FY23. As per the exchange filing, the bank’s net interest income (NII) grew by 18.51%. Operating Profit stood at Rs 6905 crore, exhibiting a YoY growth of 23.22%. Net profit grew 89.42% YoY to Rs 2,525 crore as against Rs 1,333 crore in the corresponding quarter last year.
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