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: 2022-12-30T17:41:26+05:30

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

With the year 2022 coming to an end, the festive mood has set in. Now, it is time to look back at the journey, the highs and the lows faced during the year. Starting with the deadly Covid pandemic, which affected all the countries, came under control and normalcy was restored. Further, the high inflation levels, which was a concern for almost all major economies, have come down now, thanks to the efforts of central banks. In contrast, the efforts of US and European countries have yielded no efforts in ending the Russia-Ukraine war. Standing on the side of Ukraine, the West protested the actions of Russia via various sanctions, the latest one being enforcement of price-caps on Russian oil. Retaliating against this, Russia banned oil sales to countries using price cap.

Notably, owing to cordial relations with Russia, India remains insulated from such moves. For India, the year 2022 was a significant one. Having completed 75 years of independence, India continues to fortify its position on the global scale. The Indian equity markets touched new heights, with Sensex crossing 63,000 levels. The country has become the third-largest ecosystem for startups, with over 84,000 startups and the steady rise of entrepreneurs. With strong ties with major economies and growth spurring government policies in place, it is safe to say the game has just begun for India.

Going ahead, in 2023, a new set of challenges waits for the world, the most prominent being the recession. Further, rising number of Covid cases is leading to concerns amongst government officials across the world. It is crucial that both the challenges are dealt with, in a pro-active manner.

Turning to our weekly analysis of Indian equity markets, let’s look at the top gainers and losers in the large-cap space in the last 5 trading sessions (between December 23 and December 29).

Top 5 Gainers 

Return (%) 

Adani Wilmar Ltd. 

21.08 

Indian Overseas Bank 

19.62 

Adani Total Gas Ltd. 

17.9 

Adani Transmission Ltd. 

17.4 

Adani Power Ltd. 

16.09 

 

Top 5 Losers 

Return (%) 

Apollo Hospitals Enterprise Ltd. 

-3.95 

Lupin Ltd. 

-2.84 

Cipla Ltd. 

-2.79 

Divi's Laboratories Ltd. 

-2.43 

Biocon Ltd. 

-2.38 

 

 

Adani Wilmar Ltd-

The shares of Adani Wilmar have rallied by over 20% in the last 5 trading sessions. In the last 4 sessions, that is from Monday to Thursday, the shares of Adani Wilmar have hit their upper circuits. It should be noted that the company has not made any significant announcements of late. Hence, the rally in the share price could be driven by the market forces.

Indian Overseas Bank-

The shares of Indian Overseas Bank gained nearly 20% in the last 5 trading session. On Tuesday, 27 December 2022, the bank reported the details of due date of its interest payables. These pertained to bank's outstanding Debt Securities that are due during the 4th Quarter period (from 01.01.2023 to 31.03.2023) of FY 2022-23. Apart from this, the bank has not provided any material information.

Adani Total Gas Ltd-

The shares of Adani Total Gas Ltd were buzzing on the bourses this week. In the last 5 trading sessions, the shares of Adani Total Gas Ltd gained over 15%. Like Adani Wilmar, Adani Total Gas has not made any major announcements to back the share price rally. Notably, out of the top 5 stocks that have gained in the last 5 sessions, 4 are a part of the Adani Group.


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Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

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