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

5paisa Research Team 13th January 2023 - 04:24 pm

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

It seems that the prudent efforts of the central banks are paying off. The effects of the consistent rate hikes taken by the central banks are reflecting in the inflation numbers. For instance, the inflation in the US cooled down to 6.5% in December as against 7.1% a month ago. With this, the US CPI has been declining for 6 months straight.

Similarly, retail inflation in India eased to 5.72% in December 2022, hitting a 1 year low. For a second consecutive month, this figure is within RBI’s comfort range of 2% to 6%. The inflation easing came on the back of lower food prices, particularly the fall in vegetable prices. Notably, India’s CPI has been falling for 3 months now.

However, there is no guarantee that the easing inflation will continue in the coming months. An increase in commodity prices due to the China reopening underway and the continued stickiness in core inflation could adversely impact inflation levels. 

Moving on, India’s factory output, measured in terms of the Index of Industrial Production (IIP), jumped 7.1% in November as against 4% in October.

Coming to the Indian equity markets, in the last 5 trading sessions, the frontline index S&P BSE Sensex gained by 0.1%, whereas NIFTY stayed relatively flat. Earnings for the December quarter have started coming in, with bellwether TCS reporting 11% YoY growth in net profit. Similarly, Infosys beat Street estimates as its net profit surged 13% YoY to Rs 6,586 crore.

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 (%)
CG Power and Industrial Solutions Ltd.	9.25
Tata Motors Ltd.	7.86
Tata Communications Ltd.	5.22
Hindalco Industries Ltd.	5.02
JSW Steel Ltd.	4.73

Top 5 Losers	Return (%)
Varun Beverages Ltd.	-8.85
IDBI Bank Ltd.	-8.04
Yes Bank Ltd.	-5.69
Power Finance Corporation Ltd.	-5.12
Bharti Airtel Ltd.	-4.99

CG Power and Industrial Solutions Ltd

The shares of CG Power and Industrial Solutions Ltd rallied by 9.25% in the last 5 trading sessions. Today, the shares traded on new 52-week high value 307.80. The company is set to announce its Q3FY23 results on 24 January. Apart from this, the company has not made any significant announcement. Hence, the rally in the share price could be attributed to anticipation of good performance for the December quarter. 

Tata Motors Ltd

On Monday, the company reported that the Tata Motors Group global wholesales in Q3FY23, including Jaguar Land Rover, were at 3,22,556 nos., higher by 13%, as compared to Q3FY22. On 10 January, the company reported that its subsidiary Tata Passenger Electric Mobility Limited completed the acquisition of Ford India’s Sanand plant. The upbeat performance in the share price could be attributed to these announcements.

Tata Communications Ltd

The shares of Tata Communications surged over 5 per cent in the last 5 trading sessions. Looking at the recent announcements, the company is set to announce its Q3FY23 results on 23 January 2023. Apart from this, no significant announcement has been made by the company.

How do you rate this article?

Characters remaining (1500)

View All

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.

FREE Trading & Demat Account

+91