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Weekly movers: Hits and misses in the large-cap space during the week!
Last Updated: 7th April 2023 - 03:56 pm
Here’s a list of the top 5 gainers and losers this week in the large-cap space.
The Reserve Bank of India (RBI) wants to broaden the scope of the popular Unified Payments Interface (UPI) digital payments system by allowing credit to be extended through pre-approved bank lines. Stock benchmark indices recovered early losses and were trading in positive territory in mid-morning trade on Thursday after the RBI held the repo rate constant at 6.5%.
The Reserve Bank of India forecasted a small drop in retail inflation to 5.2% in the current fiscal year but warned that the fight against inflation is far from done.
On 5th April 2023, the World Trade Organization announced that global trade growth in 2023 will be marginally better than expected, but will remain "subpar," hampered by the Ukrainian crisis and stubbornly high inflation.
Looking at Indian stock markets, in the last 5 trading sessions, the frontline index S&P BSE Sensex climbed by 1.42%, going from the level of 58991.52 on 31st March to 59832.97 on 06 April. In contrast, the Nifty50 went from 17,359.75 on 31st March to 17,599.15 on 06 April.
Let us have a look at the top gainers and losers in the large-cap space during the last 5 trading sessions (between 31st March and 06 April).
Top 5 Gainers |
Return (%) |
10.48 |
|
7.25 |
|
6.62 |
|
6.59 |
|
6.36 |
Top 5 Losers |
Return (%) |
-4.18 |
|
-3.9 |
|
-3.55 |
|
-3.53 |
|
-3.13 |
Cholamandalam Investment and Finance Company Ltd: Chola Investment and Finance Company Ltd has reported Disbursements for Q4FY23 which were around Rs 21,020 crore as compared to Rs 12,718 crore in Q4FY22, representing a 65% increase on yearly basis, and for FY23 it was roughly Rs 66,532 crore as opposed to Rs 35,490 crore, representing an 87% increase.
DLF Limited: Shares of DLF Ltd gained 7.25% in the last 5 trading sessions. Looking at the recent announcements about the company making payment of Interest and Principal on Non-Convertible Debentures (NCDs) during the quarter ended 31st March.
Adani Transmission: The shares of Adani Transmission Ltd dropped nearly 4.18% in the last 5 trading sessions. However, it should be noted that the company has not made any significant announcements of late. Hence, the rally in the share price could be driven purely by market forces.
Page Industries Ltd: The shares of Page Industries Ltd dropped nearly 3.9% in the last week. However, the company’s performance was not that good in the last two quarters i.e, Q2FY23 and Q3FY23.
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