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 climbed by 1.05%, going from the level of 60,682.7 on 10 February to 61,319.51 on 16 February. Similarly, the NIFTY jumped by 1%, going from the level of 17,856.5 on 10 February to 18,035.85 on 16 February.
Let us have a look at the top gainers and losers in the large-cap space during the last 5 trading sessions (between 10 February and 16 February).
|
Top 5 Gainers |
Return (%) |
|
11.08 |
|
|
11.01 |
|
|
10.73 |
|
|
9.85 |
|
|
7.74 |
|
Top 5 Losers |
Return (%) |
|
-18.54 |
|
|
-18.48 |
|
|
-14.84 |
|
|
-13.3 |
|
|
-10.15 |
Tech Mahindra Ltd
The shares of Tech Mahindra surged by 11% in the last 5 trading sessions. Last week, Tech Mahindra signed a Memorandum of Understanding (MoU) with the Ministry of Communication and Information Technology (MCIT), Saudi Arabia to establish a Data & AI and a Cloud Center of Excellence (CoE) in Riyadh. The CoE will combine academic and socio-economic goals to build national Hi-tech talent capacity, create high-quality jobs, promote digital innovation and upscale small & medium enterprises.
Hindustan Aeronautics Ltd-
In the last one week, the company made a series of announcements pertaining to new contracts. Yesterday, the company reported that it has signed a contract with the Argentinian Air Force (AAF) for the supply of spares and engine repair of legacy two-tonne class helicopters. Earlier, the company had collaborated with General Atomics Aeronautical Systems Incorporated (GA-ASI) for providing MRO support for turbo-propeller engines which power the state-of-art MQ-98 Guardian High Altitude Long Endurance (HALE) Remotely Piloted Aircraft System (RPAS) manufactured by GA-ASI, for the Indian market.
APL Apollo Tubes Ltd-
The shares of APL Apollo Tubes Ltd are amongst the top gainers in the last one week. At the start of this month, the company had announced its Q3FY23 results. Apart from this, the company has not made any significant announcements. Hence, the rally in the share price could be driven by the market forces.
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