Top 5 gainers and losers in the Largecap segment during this week!

Top 5 gainers and losers in the Largecap segment during this week!

by 5paisa Research Team Last Updated: Apr 29, 2022, 04:23 PM IST

List of top 5 gainers and losers in the Largecap segment for the week from April 22 to 28, 2022.

Indian equity markets oscillated with geo political tensions, soaring inflation and crude oil prices on one side and strong quarterly numbers globally (special mention to Meta Platforms) and back home on the other side. The mammoth IPO- LIC also due next week played a big trigger for market sentiment. Domestic equity bourses Sensex and Nifty traded amid volatility with Sensex settling at 57521.06 and registering a weekly loss of 0.67% (391 points) and Nifty50 at 17245.05 with a weekly loss of 0.84% (148 points).

Let us have a look at the top 5 gainers and losers in the Largecap space for this week:

 

  

Schaeffler India Ltd. 

 

13.46 

 

Ruchi Soya Industries Ltd. 

 

12.37 

 

Adani Power Ltd

 

9.9 

 

Hero MotoCorp Ltd. 

 

9.75 

 

Persistent Systems Ltd. 

 

6.78 

 

 Schaeffler India Ltd was the best performing stock last week among the large-cap segment. The shares of the company delivered a weekly return of 13.46% from the levels of Rs 1962.6 to Rs 2226.85. The rally in the shares of industrial and automotive suppliers was driven by the strong Q1CY22 results announced on Tuesday wherein the sales grew by 19% on a YoY basis and stood at Rs 1567.5 crore. PAT jumped 48% YoY basis to Rs 207 crore from Rs 140 crore in Q1CY21. EBITDA margins expanded by 351 basis points (bps) at 19.68% driven by Consistent improvement in performance aided by improved mix and sustained counter-measures. PAT margins stood at 13.21% which also expanded by 261 pbs as compared to Q1CY21. On the back of robust quarterly numbers, the shares of Schaeffler India logged a fresh 52-week high on Wednesday at Rs 2278.35.

The top 5 losers from the Largecap segment for this week are as follows:

Zomato Ltd

 

-9 

 

One97 Communications Ltd. 

 

-6.95 

 

Mindtree Ltd. 

 

-6.83 

 

Hindustan Zinc Ltd. 

 

-6.77 

 

FSN E-Commerce Ventures Ltd. 

 

-6.5 

 

 The laggards of the largecap segment were led by Zomato Ltd. The shares of the company fell 9% from Rs 81.15 to Rs 73.85. Amid such anti-trust allegations and a probe ordered by the Competition Commission of India (CCI), the shares of Zomato were under selling pressure since the beginning of the month. The action by CCI was triggered by the complaint filed by the National Restaurant Association of India (NRAI). The accusations were on levy of unilaterally decided commissions (by the online platforms Zomato and Swiggy) on restaurants, creating a strong barrier to entry by non-sharing of customer details with the restaurants and bundling of food ordering and delivery services.  Institutional investors, led by foreign portfolio investors (FPIs) and mutual funds (MFs), have collectively reduced their stake in the online food delivery platform.

As market weakness persists amid uncertainty and soaring inflation, market sentiment has been negative for the new age loss-making unicorns with high valuations. Interestingly, the top 5 losers bear testimony to the same, with Zomato, Paytm and Nykaa featuring in the list.

SENSEX
54,252.53
503.27 (0.94%)
Nifty 50
16,170.15
0.00 (0.00%)
Nifty Bank
35,094.90
0.00 (0.00%)
Next Article

Open Free Demat Account

& get benefits worth 5100*

 
Resend OTP
Please Enter OTP
  • Have Promo code?
  • Use code ACT5100
Enter Promo code

By proceeding, you agree to the T&C.

SENSEX
54,252.53
503.27 (0.94%)
Nifty 50
16,170.15
0.00 (0.00%)
Nifty Bank
35,094.90
0.00 (0.00%)

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number