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

5paisa Research Team

Last Updated: 29th January 2023 - 08:59 pm

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

With the Indian equity market trading firmly in the bear grip, all eyes are set on Union Budget session, which will be held on 1st February. Given that the general elections are only a year away, it will be interesting to see whether the government will give-in to pre-election temptations and announce giveaways or bring in growth sustaining reforms. Besides the budget session, the federal reserve meeting is also set to take place next week.

Looking at the significant developments this week, Indian stock markets have shifted to a T+1 settlement cycle, starting from today. With this, India becomes the second country after China to implement the one-day cycle. Adoption of this cycle will enhance operational efficiency, enable faster fund remittances, share delivery, and ease for stock market participants. As many as 256 large-cap and top mid-cap stocks, including Nifty and Sensex stocks, will come under the T+1 settlement from today.

Moving on, in the last 4 trading sessions, the frontline index S&P BSE Sensex plunged by 0.69%, going from the level of 60,621.77 on 20 January to 60,205.06 on 25 January. Similarly, NIFTY declined by 0.75%, going from 18,027.65 on 20 January to 17,891.95 on 25 January.

Let us have a look at the top gainers and losers in the large-cap space during the last 5 trading sessions (between 20 January and 25 January).

Top 5 Gainers	Return (%)
TVS Motor Company Ltd.	6.95
Persistent Systems Ltd.	6.19
Bajaj Auto Ltd.	4.04
Maruti Suzuki India Ltd.	4
Tata Motors Ltd.	3.94

Top 5 Losers	Return (%)
Ambuja Cements Ltd.	-11.04
Yes Bank Ltd.	-9.6
Shree Cement Ltd.	-9.3
Bank Of India	-8.48
Adani Transmission Ltd.	-8.29

TVS Motor Company Ltd

The shares of TVS Motor Company Ltd were the top gainers from the large-cap space this week. This week, the company reported its results for Q3FY23. TVS Motor Company’s operating revenue grew by 15% at Rs 6,545 crore for the quarter ended December 2022 as against Rs 5,706 crore reported in the quarter ended December 2021. Further EV sales in Q3 nearly doubled over previous quarter. 

The company’s board declared an interim dividend of Rs 5 per share (500%) absorbing a sum of Rs 238 crore for the financial year 2022-23.

Persistent Systems Ltd

The shares of Persistent Systems gained over 6% in last 1 week. Earlier, the company declared its Q3FY23 results. As per the exchange filing, the company’s revenue grew 45% YoY to Rs 2169.3 crore. The EBITDA grew by 59.9% YoY to Rs 401.5 crore. Further, the profit after tax increased by 34.9% YoY to Rs 237.9 crore.

As per the press release, the order booking for the quarter that ended on December 31, 2022, was at USD 440.2 million in Total Contract Value (TCV) and at USD 326.3 million in Annual Contract Value (ACV) terms. Moreover, the Board of Directors declared an Interim Dividend of Rs 28 per share on the face value of Rs 10 each for the Financial Year 2022-2023.

Bajaj Auto Ltd-

The rally in share price of Bajaj Auto was driven by a strong Q3FY23 performance, which was reported this week. As per the exchange filing, revenue from operations was up 3% YoY to Rs 9,315 crore. At Rs 1,777 crore, EBITDA was the highest ever, surpassing the record set in the previous quarter. The strong growth of 29% YoY, underpinned by margin expansion of +390 bps YoY to 19.1% was led by judicious pricing, better dollar realization and richer product mix.

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