Weekly movers: Hits and misses in the large cap space during the week!
Here’s a list of the top 5 gainers and losers this week in the large-cap space.
In the last 5 trading sessions, the frontline index S&P BSE Sensex plunged by 0.55%, going from the level of 60,950.36 on 04 November to 60,613.70 on 10 November. Similarly, the NIFTY declined by 0.49%, going from 18,117.15 on 04 November to 18,028.20 on 10 November.
Let us have a look at the top gainers and losers in the large-cap space during the last 5 trading sessions (between 04 November and 10 November).
|
Top 5 Gainers |
Return (%) |
|
Union Bank of India |
21.11 |
|
Bank Of Baroda |
14.46 |
|
IDBI Bank Ltd |
9.28 |
|
Britannia Industries Ltd |
8.8 |
|
Samvardhana Motherson International Ltd |
8.62 |
|
Top 5 Losers |
Return (%) |
|
Divi's Laboratories Ltd |
-12.23 |
|
Tube Investments of India Ltd |
-10.98 |
|
Jubilant FoodWorks Ltd |
-8.54 |
|
Marico Ltd |
-6.68 |
|
Honeywell Automation India Ltd |
-6.29 |
The shares of Union Bank of India, part of the S&P BSE 200 index, were the top gainers from the large cap space in the last 1 week. On 09 November, the bank announced timely payment of annual interest (amounting to Rs 89.30 crore) on bonds (with issue size of Rs 1000 crore). Last month, the bank declared results for the quarter and half year ending 30 September 2022.
On 05 November (Saturday), the bank declared results for the quarter and half year ending 30 September 2022. As per the exchange filing, the bank's net interest income grew by 34.5% YoY and 15.1% QoQ to Rs 10,714 crore in Q2FY23. Further, the bank reported a standalone net profit of Rs 3,313 crore in Q2FY23 as against a profit of Rs 2,088 crore in Q2FY22. Post this performance, since the start of this week, the shares of Bank of Baroda have been logging fresh 52-week highs.
The shares of IDBI Bank are among the top gainers from the large cap space this week. Last month, the bank declared results for the quarter and half year ending 30 September 2022. The bank has not made any significant announcement of late. Hence, the rally in the share price could be driven by the market forces.
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