Top 5 Large cap gainers and losers this week.

Top 5 Large cap gainers and losers this week.
by 5paisa Research Team 08/10/2021

List of top 5 gainers and losers this week in the Large-cap space.

The domestic equity market settled with steady gains this week. In the period from Friday i.e. October 1 to October 7, the Nifty 50 index rallied 1.47% from 17,532.05 to 17,790.35. Similarly, the BSE 500 index showed a gain of 1.87% from 23,873.27 to 24,321.31. All eyes are now set on India Inc's September quarter earnings, which will kick off on Friday with IT bellwether TCS set to announce its results.

Let us have a look at the top gainers and losers in the large-cap space.

Top 5 Gainers in the Large Cap category 

Return (%) 

Indian Railway Catering And Tourism Corporation Ltd. 

23.90 

Deepak Nitrite Ltd. 

20.54 

Sona BLW Precision Forgings Ltd. 

16.22 

Page Industries Ltd. 

15.13 

Aarti Industries Ltd. 

14.83 

  

Top 5 Losers in the Large Cap category 

Return (%) 

IDBI Bank Ltd. 

-10.00 

Cipla Ltd. 

-7.17 

Grasim Industries Ltd. 

-4.87 

Shree Cement Ltd. 

-3.56 

Indus Towers Ltd. 

-2.62 

Indian Railway Catering And Tourism Corporation:

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) are trading close to the 52-week high of Rs 4,965. The stock gained 23.90% in this week on the back of heavy volumes, ahead of a 1:5 stock split. Among the other factors fueling the surge in stock price are the monopolistic nature of the business and the economic recovery coupled with an increase in travel given the vaccination level against the Covid-19 infection.

Deepak Nitrite:

Stocks from the chemical sectors also saw a huge buying momentum this week and Deepak Nitrite was no exception. The buying was driven by the perception that the sector is set to see another leg of earnings boom thanks to the troubles in China. The country's power crisis is forcing its industries to cut back on production, which in turn is pushing prices of several chemical intermediates higher in the international and domestic market. Deepak Nitrite has so far rallied 20.54% this week and is approaching its 52-week high of Rs 2,944.95.

Sona BLW Precision Forgings:

On the back of its collaboration with IRP Nexus Group this week, the shares of Sona BLW Precision Forgings have surged 16.22 per cent so far. The wholly-owned subsidiary of the company Sona Comstar entered into a collaboration agreement with IRP Nexus Group, Israel, to develop, manufacture, and supply a Magnet-less Drive Motor and the Matching Controller for Performance Two-wheelers and Three-wheelers for the Global Market. Under the arrangement, Sona Comstar will pay onetime license fees and royalty to IRP Nexus to have the exclusive rights to manufacture the System in India and non-exclusive rights to sell and distribute the System globally for 7 years. The company believes that this new technology will have wide-scale implications and the potential towards environmental sustainability, besides reducing the cost of EV vehicles.

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