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: 2022-07-08T17:56:10+05:30 IST

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

In the last one week, the markets have trodden on an upward trajectory. During the last 5 trading sessions, the frontline index S&P BSE Sensex has recovered 2.4%.

Looking at the latest developments, yesterday (July 7), the central government assigned Rs 80,000 crore as interest free loans for states undertaking capital investment projects in the current fiscal year. The announcement of the 'Special Assistance to States for Capital Investment' scheme by the finance minister in the Union Budget 2022-23 serves as a backdrop for this development.

Further, to deal with the falling value of Rupee, on Wednesday, the RBI announced various measures to increase forex inflows including temporarily permitting banks to raise fresh FCNR(B) and NRE deposits without reference to the extant regulations on interest rates. The measures also comprise allowing foreign investors to invest in short-term corporate debt and permitting the purchase of more government securities under the fully accessible route.

Another significant development was the hike in import duties on gold. In an attempt to keep the current account deficit in check, the import duty on gold has been increased from 10.75% to 15%. Furthermore, the government has also increased duties on exports of petrol and diesel.

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

Top 5 Gainers 

Return (%) 

Avenue Supermarts Ltd. 

13.66 

Tube Investments of India Ltd. 

13.61 

Canara Bank 

12.7 

ABB India Ltd. 

12.63 

Star Health and Allied Insurance Company Ltd. 

11.94 

 

Top 5 Losers 

Return (%) 

Oil & Natural Gas Corporation Ltd. 

-5.76 

TVS Motor Company Ltd. 

-4.39 

SRF Ltd. 

-4.14 

Gland Pharma Ltd. 

-3.4 

Patanjali Foods Ltd. 

-3.23 

 

 

Avenue Supermarts Ltd-

The shares of Avenue Supermarts Ltd have been buzzing on the bourses. On 02 July 2022, the company provided its performance update for the quarter ended June 2022. As per the update, the company’s standalone revenue from operations came in at Rs 9,806.89 crore, an increase of 95% YoY. Further, the total number of stores as of June 30, 2022, stood at 294.

Tube Investments of India Ltd- 

In the last 5 sessions, the shares of Tube Investments of India climbed over 13% on the bourses. Yesterday, the company released its annual report for the year ended March 2022. Further, the company has declared a dividend of Rs 1.5 per share, which is 150% of the face value of Rs 1 per equity share.

Canara Bank-

On Wednesday, Canara Bank announced a revision in the Marginal Cost of Funds Based Lending Rate (MCLR) and Repo Linked Lending Rate (RLLR). As per the bank’s report, the revision was to be effective from yesterday, 07 July 2022.


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