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Indian Market
Weekly movers: Hits and misses in the large cap space during the week!
5paisa Research Team
22nd July 2022 - 02:35 pm
Here’s a list of the top 5 gainers and losers this week in the large-cap space.
It seems like the Rupee is set on a ride to keep breaking its own records. On 20 July 2022, the Rupee breached the Rs 80-mark against the dollar for the first time, deepening concerns of price pressures.
On the macro-economic front, UK inflation numbers came in yesterday. As per the reports, UK inflation hit a new 40-year high of 9.4% in June, from 9.1% in May.
On the domestic front, the government slashed the windfall tax on crude oil by 27%. It further went on to reduce export tax on petrol, diesel and jet fuel, providing relief to state-run oil producers and refiners such as Reliance Industries Ltd.
Moreover, the exports of finished steel from India jumped over 25% to 13.49 million tons (MT) in 2021-22. Further, as per the CMIE estimates, unemployment rate in India is witnessing a gradual decline. As of 14 June, the unemployment rate stood at 7.29% against 7.80% in June.
Soon, all eyes will be set on the RBI’s MPC meet, which is rescheduled for 03 August to 05 August.
Let us have a look at the top gainers and losers in the large-cap space during the last 5 trading sessions.
|
Top 5 Gainers |
Return (%) |
|
IndusInd Bank Ltd. |
16.32 |
|
Larsen & Toubro Infotech Ltd. |
13.99 |
|
Mindtree Ltd. |
13.66 |
|
Vedanta Ltd. |
11.8 |
|
Shriram Transport Finance Company Ltd. |
11.15 |
|
Top 5 Losers |
Return (%) |
|
Gland Pharma Ltd. |
-5.53 |
|
Zydus Lifesciences Ltd. |
-4.43 |
|
Dr. Reddy's Laboratories Ltd. |
-3.74 |
|
NHPC Ltd. |
-3.32 |
|
Life Insurance Corporation of India |
-2.96 |
IndusInd Bank Ltd
The shares of IndusInd Bank Ltd have gained the most in the last 5 trading sessions. On 20 July 2022, the bank reported its performance for the quarter ended June 2022. During the quarter, the bank’s consolidated net profit jumped 60% YoY and 16% QoQ to Rs 1631 crore. Further, the Board approved a proposal to raise Rs 20,000 crore in debt to fund business growth.
Larsen & Toubro Infotech Ltd
Larsen & Toubro Infotech Ltd. (LTI) reported its Q1FY23 results last week. Further, as per the data on BSE, iShares India Index Mauritius Company sold 62,445 shares of LTI to iShares MSCI India ETF via block deal executed on 18 July 2022.
Mindtree Ltd
Mindtree Ltd also reported its results last week. On 19 July, the company announced that it has partnered with Rubrik, the Zero Trust Data Security Company, to launch a unified cyber-recovery platform named MINDTREE VAULT. Prior to that, on 18 July, 78,437 shares of Mindtree Ltd were sold by iShares India Index Mauritius Company to iShares MSCI India ETF via a block deal.
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