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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! Weekly movers: Hits and misses in the large-cap space during the week!](https://storage.googleapis.com/5paisa-prod-storage/files/2023-04/Top%2010%20Small-cap%20losers_5.jpg)
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Last Updated: 26th October 2023 - 01:17 pm
Here’s a list of the top 5 gainers and losers this week in the large-cap space.
The Indian economy has taken global centre stage due to its strong institutional infrastructure, demographic profile, skilled workforce, emerging middle class, entrepreneurial culture, rising productivity, resilient private sector, and rapid technological advancement.
Recently, the Reserve Bank of India (RBI) has prescribed regulatory norms for capital adequacy and liquidity ratios but has also gone beyond to nudge banks to build up capital buffers in good times.
The plunge in U.S.-based First Republic Bank's deposits has prompted traders to renew expectations that the Fed will shift quickly from hiking to cutting rates. The USD/INR pair has struggled to move past the Rs 81.80-81.90 zone, with market participants pointing to the likelihood of the Reserve Bank of India's presence.
Volatility has eased out going into the May 2-3 U.S. Federal Reserve meeting and could rebound sharply after the event.
When looking at the Indian stock markets, the S&P BSE Sensex, the frontline index, increased by 1.67% in the last five trading sessions, surging from 59,655.06 on April 21st to 60,649.38 on April 27th. In contrast, the Nifty50 went from 17,624.05 on April 21st to 17,915.05 on April 27th.
Let's take a closer look at the top gainers and losers in the large-cap space during the last five trading sessions, which took place between April 21st and April 27th.
Top 5 Gainers Return (%)
Company Name |
Returns (%) |
10.16 |
|
8.35 |
|
8.29 |
|
7.69 |
|
7.48 |
Top 5 Losers Return (%)
Company Name |
Returns (%) |
-4.45 |
|
-4.38 |
|
-3.93 |
|
-3.77 |
|
-3.76 |
L&T Technology Services Ltd: Shares of L&T Technology Services Ltd gained 10.16% in the last 5 trading sessions. The company has reported a total income of Rs. 2146 crores during the period ended March 31, 2023, as compared to Rs. 2122.8 crores during the period ended December 31, 2022. The company has reported a total income of Rs.2146 crores during the period ended March 31, 2023, as compared to Rs.1798 crores during the period ended March 31, 2022.
Zomato Ltd: shares of Zomato Ltd gained 8.35% in the last 5 trading sessions. The food delivery player regained the market capitalization of Rs 50,000 crore as the stock rose. Hence, this upward movement in share price could be driven purely by market forces.
Yes Bank Ltd: Shares of Yes Bank Ltd plunged 3.76% in the last 5 trading sessions. The bank reported a 45% fall in its net profit at Rs 202 crore March 2023 quarter on a year-on-year (YoY) basis, which was Rs 367.46 crore profit in the corresponding quarter of the previous fiscal. The profit after tax was below the Street's estimates. However, the net profit was up nearly 290% sequentially versus Rs 51.52 crore reported in Q3FY23.
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