Nifty Nears Correction as Sensex Drops 1,300 Points Amid Broad Selloff
Weekly movers: Hits and misses in the large cap space during the week!
Last Updated: 20th January 2023 - 02:44 pm
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 nearly 1%, going from the level of 60,261.18 on 13 January to 60,858.43 on 19 January. Similarly, the NIFTY jumped by 0.84%, going from 17,956.6 on 13 January to 18,107.85 on 19 January.
Let us have a look at the top gainers and losers in the large-cap space during the last 5 trading sessions (between on 13 January and 19 January).
Top 5 Gainers |
Return (%) |
9.03 |
|
8.13 |
|
7.92 |
|
7.08 |
|
6.29 |
Top 5 Losers |
Return (%) |
-12.6 |
|
-7.68 |
|
-6.98 |
|
-6.64 |
|
-5.3 |
The shares of Macrotech Developers Ltd gained 9.03% in the last 5 trading sessions. Looking at the recent announcements, last week the company informed that the meeting of the Board of Directors of the company is scheduled on 24 January 2023, inter alia, to consider and approve unaudited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended December 31, 2022. Therefore, the rise in share price could be attributed to anticipation of good quarterly performance.
The shares of Hindustan Zinc Ltd surged over 8% in the last 5 trading sessions. Yesterday, the company announced its results for Q3FY23. During the quarter, the company’s consolidated net revenue stood at Rs 8,214 crore whereas the net profit stood at Rs 2,156 crore.
Further, the company’s Board has approved third interim dividend of Rs 13 per equity share representing 650% of face value of Rs 2 per share for the Financial Year 2022-23 amounting to Rs 5,493 crores. The record date for the purpose of payment of third interim dividend is Monday, January 30, 2023.
The shares of Varun Beverages Ltd gained nearly 8% in the last 5 trading sessions. Notably, the company has not made any major announcements of late. Hence, the rally in the share price could be attributed to market forces.
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