Top 5 Large-cap gainers and losers this week!
5paisa Research Team
Last Updated: 12th December 2022 - 09:42 am
List of top 5 gainers and losers this week in the Large-cap space.
Indian shares rose to their highest levels in a week on Thursday, led by technology stocks, as the market looked past fears over the Omicron coronavirus variant to focus on domestic factors, including strong economic data. While FIIs were net sellers of Rs 15,344.19 crore in the Indian equities market, DIIs were net buyers to the tune of Rs 14,801.31 crore this week.
In the period from Friday i.e, November 26 to December 02, the blue-chip NSE Nifty 50 index rose 2.20% from 17,026.45 to 17,401.65. Similarly, the S&P BSE Sensex registered an increase of 2.37% from 57,107.15 to 58,461.29.
Let us have a look at the top gainers and losers in the large-cap space during this period.
|
Top 5 Gainers |
Return (%) |
|
Vodafone Idea Ltd. |
17.96 |
|
Persistent Systems Ltd. |
12.25 |
|
Tech Mahindra Ltd. |
7.19 |
|
HCL Technologies Ltd. |
6.96 |
|
Bajaj Finserv Ltd. |
6.43 |
|
Top 5 Losers |
Return (%) |
|
One97 Communications Ltd. |
-10.15 |
|
Adani Transmission Ltd. |
-5.89 |
|
PB Fintech Ltd. |
-4.74 |
|
Cipla Ltd. |
-4.63 |
|
Ashok Leyland Ltd. |
-4.57 |
Vodafone Idea:
Shares of Vodafone Idea rose 17.96% so far this week and closed at Rs 12.81 on Thursday and was among the top gainers. The stock has continued its rally after the company increased its prepaid tariff by 20-25% from November 25, 2021. The company hiked its prepaid tariff plans by 20-22% across the board and 25% in base entry-level voice (2G plan), similar to Airtel. The new plans are expected to start the process of average revenue per unit (ARPU) improvement and help address the financial stress faced by the industry.
Persistent Systems:
Shares of the leading outsourced product development (OPD) company, rose by 12.25% so far this week. The company reported robust earnings for the quarter with significant improvement across all parameters including topline growth, margin improvement and new deal wins. The company remains on track with the growing average deal size and the number of deals wins over US$ 5 million. In Q2FY22 the total order booking came in at US$ 282.5 million (vs. US$ 244.8 million in Q1FY22). The company won deals across verticals and includes all bookings (small & large), renewals as well as new bookings, existing and new customers.
Tech Mahindra:
Tech Mahindra was among the IT names that drove the bullish performance this week of the market and was up by 7.19% by the market close on Thursday. The company’s CFO Milind Kulkarni in a CNBC-TV18 interview said that he believes the mood is "quite buoyant" for the industry and the company across all verticals. He added that, clients are accelerating their spending on IT and believes that BFSI and hi-tech are both becoming growth driving verticals for the company.
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