Top 5 Large-cap gainers and losers this week!
5paisa Research Team
Last Updated: 4th April 2022 - 03:03 pm
List of top 5 gainers and losers this week in the Large-cap space.
Domestic equity market benchmarks BSE Sensex and Nifty 50 made record closing highs this week on the back of optimism due to continued improvement in economic activities. The significant improvement is led by services in September, given further relaxation in restrictions due to a decline in new Covid cases. The expectation of further improvement in demand during the ongoing festive season along with strong FII and DII flows are also supporting the rally.
In the period from Friday i.e., October 8 to October 13, the Nifty 50 index rallied 1.49% from 17895.20 to 18161.75. Similarly, the BSE Sensex showed a gain of 1.13% from 60,059.06 to 60,737.05.
Let us have a look at the top gainers and losers in the large-cap space during this period.
This is the table code -
|
Top 5 Gainers |
Return (%) |
|
Tata Motors Ltd. |
32.33 |
|
Tata Power Company Ltd. |
26.71 |
|
IDBI Bank Ltd. |
23.85 |
|
Sona BLW Precision Forgings Ltd. |
17.38 |
|
Avenue Supermarts Ltd. |
16.21 |
This is the table code -
|
Top 5 Losers |
Return (%) |
|
Tata Consultancy Services Ltd. |
-7.10 |
|
Bandhan Bank Ltd. |
-5.05 |
|
HCL Technologies Ltd. |
-4.26 |
|
Mphasis Ltd. |
-3.62 |
|
SBI Cards And Payment Services Ltd. |
-3.06 |
Tata Motors: Shares of Tata Motors surged by 32.33% so far week bolstered by the news that TPG Rise Climate and Abu Dhabi’s ADQ would invest Rs 7,500 crore in Tata Motors’ new subsidiary, EVCo, which will spearhead the group’s passenger electric mobility business. The investment would be through compulsorily convertible preference shares for a stake of between 11% and 15% depending on revenue performance. The investment by TPG in Tata's BEV business is expected to potentially unlock significant value in the company.
Tata Power Company: Another Tata Group stock that has been making the rounds on the bourses is Tata Power. The stock hit new highs this week after Tata Power Solar, one of India’s largest integrated solar companies and a wholly-owned subsidiary of Tata Power, received EPC orders worth Rs 538 crore from Energy Efficiency Services Limited (EESL) to set up multiple distributed ground-mounted solar projects totalling 100 MW. With this win, the Utility-Scale EPC order book of Tata Power Solar now stands at around 4 GW (DC) capacity with an approximate value of Rs 9,264 crore (without GST), thereby strengthening its position as India’s leading Solar EPC player.
IDBI Bank: Shares of IDBI Bank jumped by 23.85% so far this week and the scrip is now trading close to its 52-week high of Rs 64.10. The key triggers that led to the spectacular rise in the stock price were the bank’s rating upgrade by the ICRA, the government’s indication to come out with an expression of Interest (EoI) for strategic disinvestment in the bank by December, and ace investor Rakesh Jhunjhunwala picking up a stake.
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