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: 2022-08-19T16:36:29+05:30

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

The global macro-economic situation couldn’t be more contrasting. It seems that the US economy dominating/influencing the global economy is a thing of the past now. For instance, while the US economy is experiencing a recession, the Indian economy continues to do well, at least at the present moment.

To further illustrate, on Thursday, the combined market cap of all listed companies on BSE hit a record high of Rs 280.58 lakh crore at the day’s close. Moreover, between 12 August and 18 August, FIIs made net investments to the tune of Rs 5058.52 crore in the cash market.

Let’s look at the inflation figures now. The Wholesale-based (WPI) inflation numbers came out on Tuesday. In July, the WPI eased to 13.93% as against 15.18% in June. This softening came on the back of a moderation in the inflation for food items, core-WPI, crude petroleum and natural gas, and primary non-food articles.

Similarly, India’s retail inflation, measured by the Consumer Price Index (CPI), came down to 6.71% in July from 7.01% in June. While the July figures are at a 5-month low, they continue to remain above the Reserve Bank of India’s (RBI) upper margin of 6 per cent for the seventh consecutive month.  

Further, as per the estimates of MoSPI, in June, India’s factory output measured in terms of IIP, witnessed a growth of 12.3% year-on-year to 137.9. This growth was led by the manufacturing and electricity sectors.

On the international trade front, India’s overall exports (Merchandise) for July 2022 recorded a growth of 2.14% over the same period last year. In contrast, overall imports (Merchandise) in July 2022 exhibited a growth of 43.61% over the same period last year.

Let us have a look at the top gainers and losers in the large-cap space during the last 4 trading sessions (between 12 August and 18 August).

Top 5 Gainers 

Return (%) 

Adani Power Ltd. 

15.73 

HDFC Asset Management Company Ltd. 

11.5 

Adani Enterprises Ltd. 

10.1 

Yes Bank Ltd. 

8.68 

Zomato Ltd. 

8.58 

 

Top 5 Losers 

Return (%) 

Muthoot Finance Ltd. 

-10.72 

Bharat Forge Ltd. 

-5.09 

Tube Investments of India Ltd. 

-3.13 

Oil & Natural Gas Corporation Ltd. 

-2.69 

UPL Ltd. 

-1.85 

 

Adani Power Ltd

The shares of Adani Power were buzzing on the bourses this week. The company was the top gainer in the last one week. While the company has not made any significant announcements lately, the rally in the share price can be linked to the latest developments related to the Adani Group. On 13 August, Adani Group received a go-ahead from the Competition Commission of India (CCI) for acquisition of Ambuja Cements.

HDFC Asset Management Company Ltd

Between 12 August and 18 August, the share price of HDFC Asset Management Company Ltd rallied by 11.5%. The rally in the share price of HDFC AMC can be linked to CCI’s approval for amalgamation of HDFC Ltd, HDFC Bank, HDFC Investments and HDFC Holdings. 

Adani Enterprises

Adani Enterprises Ltd too joined the list of top gainers of the week. On 12 August, Adani Group announced its plans to invest Rs 57,575 crore in the state of Odisha. Adani Enterprises, the flagship company of the Adani Group got the approval to build the refinery and a captive power plant in Rayagada for an investment of 416.53 billion rupees (USD 5.2 billion).


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Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

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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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