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Weekly movers: Hits and misses in the large cap space during the week!
Last Updated: 3rd February 2023 - 04:41 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 climbed by 1.01%, going from the level of 59,330.9 on 27 January to 59,932.24 on 02 February. In contrast, the NIFTY remained flat, going from 17,604.35 on 27 January to 17,610.4 on 02 February.
Let us have a look at the top gainers and losers in the large-cap space during the last 5 trading sessions (between 27 January and 02 February).
Top 5 Gainers |
Return (%) |
11.96 |
|
10.99 |
|
10.85 |
|
9.53 |
|
9.11 |
Top 5 Losers |
Return (%) |
-43.35 |
|
-41.68 |
|
-30.07 |
|
-22.82 |
|
-22.51 |
Shree Cement Ltd
The shares of Shree Cement Ltd gained nearly 12% in the last 5 trading sessions. However, it should be noted that the company has not made any significant announcements of late. Hence, the rally in the share price could be driven purely by the market forces.
FSN E-Commerce Ventures Ltd
The shares of FSN E-Commerce Ventures Ltd or Nykaa gained 11% in the 5 trading sessions. Looking at the recent announcements, the company’s board appointed P. Ganesh, as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company effective February 03, 2023. Apart from this, no other announcement has been made by the company.
The Indian Hotels Company Ltd
Shares of The Indian Hotels Company Ltd rallied over 10% in the last 5 trading sessions. On 31st January, the company announced the results for the quarter ending December 2022. During the quarter, the company’s topline grew by 54% YoY to Rs 1744 crore. The EBITDA went up by 90% YoY to Rs 655 crore. Further, the bottom line grew by 403% YoY to Rs 383 crore, which was the company’s all-time high. Leveraging its brand portfolio, IHCL reached a milestone of 250+ hotels and is in line with its vision of being a 300-hotel portfolio by 2025. As per the management, in this financial year alone 30 plus hotels have been added to the pipeline and 14 hotels have opened.
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Tanushree Jaiswal
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