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!

Indian Market
by 5paisa Research Team Last Updated: 2022-10-21T14:05:49+05:30

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

Major world economies are sailing in a rocky boat. UK which is already witnessing economic turmoil, is now laden with political chaos. Yesterday, on 20th October 2022, Liz Truss, the Prime Minister of UK resigned from her position.

The country was already facing the heat of rising inflation. To illustrate, the consumer price index rose by 10.1% in September, touching a 40 year high. This was driven by sharp price rises in energy and food costs. For US, this figure stood at 8.3%, still quite higher than its target of 2%.

In contrast, India is in a relatively better position. While inflation is above the upper limit of 6% set by RBI, the inflation is still under control. The consumer inflation rate stood at 7.4% last month. Similarly, the Wholesale-based (WPI) inflation stood at 10.7% in September as against 12.41% in August.

Looking at currency rates, rupee is on a ride to break its own records. On Wednesday, rupee fell to an all-time low of Rs 83.02 against the US dollar.

Coming to Indian stock markets, in the last 5 trading sessions (from 14 October to 20 October), the frontline index S&P Sensex climbed 2.21% in the last 5 sessions. Likewise, Nifty surged by the same quantum. One of the reasons for this surge could be good performances posted by many companies during the September quarter.

Let us have a look at the top gainers and losers in the large-cap space during the last 5 trading sessions.

Top 5 Gainers 

Return (%) 

Canara Bank 

14.23 

Punjab National Bank 

12.97 

Bank Of Baroda 

7.93 

Adani Transmission Ltd. 

7.59 

HDFC Asset Management Company Ltd. 

7.35 

 

Top 5 Losers 

Return (%) 

Delhivery Ltd. 

-15.89 

Tata Elxsi Ltd. 

-12.84 

Samvardhana Motherson International Ltd. 

-8.43 

Schaeffler India Ltd. 

-7.78 

One97 Communications Ltd. 

-7.12 

 

 

Canara Bank  

On Thursday, 20 October 2022, the bank reported its results for the quarter ending September 2022. As per the exchange filing, the bank’s net interest income (NII) grew by 18.51%. Operating Profit stood at Rs 6905 crore, exhibiting a YoY growth of 23.22%. Net profit grew 89.42% YoY to Rs 2,525 crore as against Rs 1,333 crore in the corresponding quarter last year.  

Punjab National Bank  

The bank has not made any major announcements of late, nor has it reported its results for the September quarter. The rally in banking stocks or the banking index could be a reason for the surge in the share price of PNB. For instance, the S&P BSE Bankex surged 2.07% in the last 5 trading sessions.  

Bank Of Baroda 

Bank Of Baroda informed the exchanges that the meeting of the Board of Directors of the company is scheduled on 05 November 2022, inter alia, to consider and approve Q2FY23 financial results. Hence, the rally in the share price of Bank of Baroda could be attributed to anticipation of good performance in the September quarter and the overall surge in the banking indices.


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