Zee Demands ₹750 Crore from Sony for Calling Off $10 Billion Merger
Weekly movers: Hits and misses in the large cap space during the week!
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 remained relatively flat, going from the level of 60,841.88 on 03 February to 60,806.22 on 09 February. On the other hand, NIFTY climbed by 0.22%, going from 17,854.05 on 03 February to 17,893.45 on 09 February.
Let us have a look at the top gainers and losers in the large-cap space during the last 5 trading sessions (between 03 February and 09 February).
Top 5 Gainers |
Return (%) |
35.75 |
|
21.66 |
|
16.68 |
|
14.22 |
|
12.77 |
Top 5 Losers |
Return (%) |
-18.54 |
|
-18.44 |
|
-10.92 |
|
-9.97 |
|
-7.37 |
One97 Communications Ltd
The shares of One97 Communications Ltd (Paytm) are amongst the top gainers this week. Last week, the company announced its Q3FY23 results. As per the filing, Paytm achieved operating profitability three quarters ahead of guidance. The company reported EBITDA before ESOP of Rs 31 crore in Q3FY2023.
The revenue from operations grew by 42% YoY to Rs 2,062 crore. This growth was driven by an increase in merchant subscription revenues, growth in loan distribution and momentum in the commerce business. The contributing profit improved to 51% of revenue in Q3FY23 from 31% in Q3FY22 and 44% in Q2FY23. This was driven by improvement in payments profitability, and growth of high-margin businesses, such as loan distribution. However, the company incurred a net loss of Rs 397 crore.
Adani Enterprises Ltd
Shares of Adani Enterprises Ltd (AEL) bounced back on the bourses this week. The company announced the withdrawal of its FPO from the market. This move came on the back of prevailing market conditions, which led to extreme volatility in the stock price of the company, other commercial and strategic considerations, and in order to protect the interest of the investors. Further, the company shall announce its Q3FY23 results next week.
Adani Ports and Special Economic Zone Ltd
The stock of Adani Ports and Special Economic Zone Ltd (APSEZ) gained 16% on the bourses in the last 5 trading sessions. This week, the company announced its financial performance. As per the exchange filing, the company’s revenue increased by 16% YoY to Rs 15,055 crore in 9MFY23. The EBITDA increased by 19% YoY to Rs 9,562 crore. Further, PAT increased by 11% YoY to Rs 4,252 crore.
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
Trending on 5paisa
06
Tanushree Jaiswal
Discover more of what matters to you.
Indian Market Related Articles