Weekly movers: Hits and misses in the large-cap space during the week!

5paisa Research Team 9th September 2022 - 03:08 pm

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

Brent crude trading below pre-Russia-Ukraine war levels, below USD 90 per barrel was the highlight of the week. Despite OPEC production cuts, oil prices continued to drop. To fight high energy prices, EU has proposed a price cap on Russia oil imports. This has led Putin threatening euro zone to completely stop supplying oil. On Friday, EU officials will meet in Brussels to discuss next steps. Talking about US Fed, Powell remained hawkish on Thursday which led to the majority of analyst forecasting a 75 basis points rate hike in the month of September.

According to IMF’s GDP data, India surpassed the UK to become the fifth largest economy. Indian markets remain strong, where S&P BSE Sensex is almost up 1.8% for the week. Now let us check which were the top gainers and losers in the large-cap space for the week.

Top 5 Gainers	Return (%)
Shree Cement Ltd.	16.01
Tube Investments of India Ltd.	14.42
Bajaj Holdings & Investment Ltd.	13.73
Schaeffler India Ltd.	11.7
Ambuja Cements Ltd.	11.12

Top 5 Losers	Return (%)
Gland Pharma Ltd.	-4.9
Bajaj Auto Ltd.	-4.63
Interglobe Aviation Ltd.	-4.31
Tata Motors Ltd.	-4.3
Avenue Supermarts Ltd.	-3.72

Both Ambuja Cements Ltd and Schaffler India Ltd hit a fresh all-time high this week.

Ambuja Cements Ltd

The shares of Ambuja Cements hit a new all-time high of Rs 484 this week. The company is in news as the Adani family group's Mauritius-based firm Endeavour Trade and Investment launched its Rs 31,000-crore open offer to acquire a 26% stake in Swiss firm Holcim's two Indian listed entities Ambuja Cements and ACC from public shareholders.

Schaffler India Ltd

The share of Schaffler India Ltd hit a fresh all time high of Rs 3477 on September 9. Schaeffler India Ltd develops, manufactures, and distributes high-precision roller and ball bearings, engine systems and transmission components, chassis applications, clutch systems, and machine building activities.

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5paisa Research Team

Disclaimer: 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. Also, The

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