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: 2022-07-29T16:08:21+05:30

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

The global economic scenario is painting a mixed picture. In another step towards curbing rising inflation, on 28 July, the US Fed announced a rate hike of 0.75%. The US GDP numbers, which came out on the same day, were disappointing. In the April to June quarter, US GDP fell by 0.9%, a second consecutive decline. With this, the US economy is theoretically in a recession.

Similarly, the Eurozone business activity unexpectedly contracted this month (in July 2022). Its Purchasing Managers’ Index (PMI), an indicator of overall economic health, fell to 49.4 in July from 52.0 in June. This contraction was led by an accelerating decline in manufacturing activities coupled with a near-stalling of service sector growth.

While the global economy is in mayhem, India is in a better position at the current moment. Relative to the inflation levels in US and Europe, India’s levels are lower. Further, in FY22, India’s manufacturing sector received an FDI of USD 21.34 billion, signifying a YoY increase of 76%.

The Rupee has taken a sabbatical from breaking its own records against the dollar. Currently, the Rupee is trading below the Rs 80 mark against the dollar. Now, all eyes are set on the RBI’s MPC meet, which is set to take place from 03 August to 05 August. Considering that India too is trying to curb its high inflation levels, a rate hike is a no brainer at this point. However, the quantum of hike is a question of debate.

Looking at the Indian equity markets, the frontline index S&P BSE Sensex climbed 1.4% where NIFTY surged 1.25% in the last 5 trading sessions (between 22 July and 28 July).

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 (%) 

Bajaj Finserv Ltd. 

15 

Bajaj Finance Ltd. 

13.11 

Star Health and Allied Insurance Company Ltd. 

11.31 

Adani Power Ltd. 

10.53 

Hindustan Aeronautics Ltd. 

8.56 

 

Top 5 Losers 

Return (%) 

Zomato Ltd. 

-14.91 

Biocon Ltd

-6.37 

Tata Power Company Ltd. 

-5.5 

Vedanta Ltd. 

-5.01 

Bajaj Auto Ltd. 

-4.8 

 

 

Bajaj Finserv Ltd

The shares of Bajaj Finserv Ltd are buzzing on the bourses. Yesterday, Bajaj Finserv reported its results for the quarter ended June 2022. The company’s consolidated total income grew 14% YoY to Rs 15,888 crore. Similarly, the consolidated PAT increased by 57% YoY to Rs 1,309 crore. Apart from the results, the company also announced a 1:5 stock split and a 1:1 bonus issue. Owing to this, the share prices of Bajaj Finserv are rallying on the bourses.

Bajaj Finance Ltd

The shares of Bajaj Finance Ltd (BFL), a subsidiary of Bajaj Finserv, are also trending on the bourses. On Wednesday, 27 July 2022, BFL reported its Q1FY23 results. BFL’s total consolidated income for Q1FY23 increased by 38 per cent to Rs 9,283 crore, whereas PAT increased by 159 per cent to Rs 2,596 crore.

Star Health and Allied Insurance Company Ltd

The shares of Star Health and Allied Insurance Company Ltd have climbed significantly in the last 5 trading sessions. This rally comes ahead of the company’s board meeting, which is set to take place today. In this meeting, the board shall consider and approve the results for the quarter ended June 2022.   


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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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