Weekly movers Hits and misses in the large cap space during the week!

Weekly movers: Hits and misses in the large cap space during the week!

by 5paisa Research Team Last Updated: 2022-07-01T15:15:59+05:30

Here’s a list of the top 5 gainers and losers this week in the large-cap space.

The markets continue to keep everyone on their toes with the significant developments that have taken place during the last week.

On Wednesday, the Rupee hit an all-time low of Rs 79.04 against the US dollar. Moreover, the Sensex and NIFTY index heavy weight RIL declared Akash Ambani as the new chairman of Reliance Jio. On the same day, the 47th GST Council meeting took place. The changes recommended in the meeting shall be applicable from July 18. Further, as per the new SEBI regulations, FPIs are now allowed to invest in the exchange traded commodities derivatives market.

Last evening, RBI released the 25th issue of financial stability report. As per the report, the gross NPA ratios of banks have fallen to a six-year low of 5.9% in March 2022. The current outlook of the central bank is that the Indian economy remains on the path of recovery, though inflationary pressures, external spillovers and geopolitical risks call for a careful handling and close monitoring.

Looking at the sectoral performance, the energy, power and oil & gas index gained over 3.5% each. On the other hand, consumer durables, banks and telecom were amongst the top losers. 

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

Top 5 Gainers 

Return (%) 

Tube Investments of India Ltd. 

15.76 

Adani Transmission Ltd. 

14.9 

Oil & Natural Gas Corporation Ltd. 

10.35 

Bosch Ltd. 

6.93 

Macrotech Developers Ltd. 

5.81 

 

Top 5 Losers 

Return (%) 

Zomato Ltd

-23.38 

Star Health and Allied Insurance Company Ltd. 

-8.36 

Bandhan Bank Ltd. 

-7.92 

Biocon Ltd. 

-5.8 

Bajaj Finserv Ltd. 

-5.63 

 

 

Tube Investments of India Ltd  

The shares of Tube Investments of India Ltd have been buzzing on the bourses this week. In the past 5 trading sessions, the company’s shares have appreciated over 15%, going from Rs 1586.9 apiece to Rs 1837.05 apiece. It should be noted that the company has not made any significant announcement lately. Hence the rally in the share price could be purely driven by the market forces.

Adani Transmission Ltd

The shares of Adani Transmission Ltd, an S&P BSE 200 company, have rallied by nearly 15% on the bourses. In the last 5 trading sessions, the company’s share price has increased from Rs 2152.9 apiece to Rs 2473.75 apiece. Like Tube Investments, Adani Transmission also has not made any significant announcement lately.

Oil & Natural Gas Corporation Ltd

The shares of Oil & Natural Gas Corporation Ltd climbed over 10% in the last 5 trading sessions. The rally be attributed to the new government regulation under which oil companies can sell locally produced crude oil to any Indian refinery. As per the government statement, “This decision will further spur economic activities and incentivize making investments in the upstream oil and gas sector.” 


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