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

5paisa Research Team 9th December 2022 - 04:32 pm

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

In the last 5 trading sessions, the frontline index S&P BSE Sensex plunged by 0.47%, going from the level of 62,868.50 on 02 December to 62,570.68 on 08 December. Similarly, the NIFTY declined by 0.46%, going from 18,696.10 on 02 December to 18,609.35 on 08 December.

Let us have a look at the top gainers and losers in the large-cap space during the last 5 trading sessions (between 02 December and 08 December).

Top 5 Gainers	Return (%)
Bank Of India	18.64
Indian Overseas Bank	11.55
Bank Of Baroda	9.84
Union Bank Of India	7.98
IDBI Bank Ltd.	7.7

Top 5 Losers	Return (%)
LTI Mindtree Ltd.	-10.02
Zomato Ltd.	-6.92
Sun Pharmaceutical Industries Ltd.	-5.66
Persistent Systems Ltd.	-5.63
Gujarat Fluorochemicals Ltd.	-5.55

Bank Of India 

The shares of Bank of India were buzzing on the bourses this week. During the last 5 sessions, the shares of Bank of India rallied by nearly 19%, hitting a fresh 52-week high in each session. As of Thursday, 08 December 2022, the bank’s 52-week high stands at Rs 101. In Thursday’s session, the bank reported a spurt in trading volume by more than 3.07 times. Looking at the past week’s announcements, the bank reported issuance and allotment of Basel III Compliant Additional Tier I Bonds amounting to Rs 1,500 crore. Further, on 07 December, the bank announced a change in its Repo Based Lending Rate (RBLR) to 9.10% with immediate effect i.e, from 07.12.2022. The revision was done on account of the upward revision in Repo Rate announced by RBI on Wednesday, in its monetary policy.

Indian Overseas Bank 

The shares of Indian Overseas Bank surged by nearly 12% in the last 5 trading sessions. On 08 December, the shares of Indian Overseas Bank registered a fresh 52-week high of Rs 26. On 07 December 2022, the bank announced a revision in Marginal Cost of Funds (MCLR) and Repo Linked Lending Rate (RLLR) with effect from 10.12.2022. The revised RBLR stands at 9.10%.

Bank Of Baroda 

The shares of Bank of Baroda climbed nearly 10% in the last 5 trading sessions. On 08 December, the shares of Bank of Baroda hit a fresh 52-week high of Rs 189.40 and there was a spurt in trading volume by more than 3 times. However, it should be noted that unlike Bank of India and Indian Overseas Bank, the Bank of Baroda has not announced a revision in Marginal Cost of Funds (MCLR) and Repo Linked Lending Rate (RLLR) yet.

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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.

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