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

5paisa Research Team 9th January 2023 - 02:14 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 0.80%, going from the level of 60,840.74 on 30 December to 60,353.27 on 05 January. Similarly, the NIFTY declined by 0.62%, going from 18,105.3 on 30 December to 17,992.15 on 05 January.

Here are the top gainers and losers in the large-cap space during the last 5 trading sessions (between 30 December and 05 January).

Top 5 Gainers	Return (%)
Power Finance Corporation Ltd.	11.2
General Insurance Corporation of India	9.03
HDFC Life Insurance Co Ltd.	7.59
Bank Of India	6.8
Life Insurance Corporation of India	6.33

Top 5 Losers	Return (%)
Bajaj Finance Ltd.	-7.21
Adani Wilmar Ltd.	-7.08
Info Edge (India) Ltd.	-5.58
Cholamandalam Investment and Finance Company Ltd.	-5.46
Zomato Ltd.	-5.31

Power Finance Corporation Ltd 

Shares of Power Finance Corporation Ltd rallied over 11% in the last 5 trading session. Looking at the recent announcements of Power Finance Corporation Ltd, the company has not made any significant announcements of late. Hence, the rally in the share price could be attributed to market forces. Today, the scrip opened at Rs 157.50 and touched an intra-day high of Rs 160.75, registering a fresh 52-week high.

General Insurance Corporation of India

The shares of General Insurance Corporation of India gained by 9.03% between 30 December 2022 and 05 January 2023. Yesterday, the company informed about a change in directorate. As per the exchange filing, the Central Government, in exercise of its powers under Article No. 76 of the Articles of Association of the Corporation, has appointed Dr M P Tangirala, Additional Secretary, Department of Financial Services as Government Nominee Director of the Corporation with effect from 5th January 2023 and until further orders vice Amit Agrawal erstwhile Additional Secretary, Department of Financial Services.

HDFC Life Insurance Co Ltd

Shares of HDFC Life Insurance Co Ltd jumped over 7% in the last 5 sessions. Looking at the recent announcements, the company informed that a board meeting is scheduled to be held on Friday, January 20, 2023, inter alia, to consider and approve the audited standalone financial results and un‐audited consolidated financial results for the quarter and nine months ended December 31, 2022.

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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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