Weekly movers: Hits and misses in the BSE 500 space during the week

Here’s a list of the top 5 gainers and losers this week(25th December’23- 29th December’23) in the BSE 500 space.

Indian stock markets painted a largely positive picture, with the frontline index S&P BSE Sensex charting a steady climb. The index gained 1.42% over the five-day period, jumping from 71,106.96 on December 22nd to close at 72,410.38 on 28th December. This upward trajectory reflects renewed investor confidence and optimism in the market.

While the broader Sensex enjoyed a solid ascent, the benchmark Nifty50 also demonstrated upward momentum. The index, tracking the performance of the top 50 companies, mirrored the positive sentiment with a solid 2% climb from 21,349.40 on December 22nd to close near 21,778.70 on the 28th December. This upward trajectory adds another layer of confidence to the overall market’s positive outlook.

Let us have a look at the top gainers and losers in the BSE 500 space during the last 5 trading sessions (between 22nd December and 28th December).

Top 5 Gainers Return (%)
Housing & Urban Development Corporation Ltd. 21.1
Hindustan Copper Ltd. 19.33
Bombay Burmah Trading Corporation Ltd. 13.64
Hindustan Petroleum Corporation Ltd. 13.18
3M India Ltd. 12.39
Top 5 Losers Return (%)
Cyient Ltd. -4.97
Kajaria Ceramics Ltd. -4.66
Nippon Life India Asset Management Ltd. -4.62
Vardhman Textiles Ltd. -4.13
Zomato Ltd. -4.09

Housing & Urban Development Corporation Ltd: Shares of Housing & Urban Development Corp Ltd (HUDCO) soared 21.1% in the last 5 trading session. The multibagger stock has gained around 141.52% in 1 year. HUDCO has recently executed a Memorandum of Understanding (MoU) with the Gujarat government for an investment of up to Rs 14,500 crore for financing housing and urban infrastructure projects in the state.

Hindustan Copper Ltd: Hindustan Copper Ltd roared back in style on Thursday, surging 13.92% in its biggest intraday climb in a week and giving a return of 19.33% in last 5 trading session. This impressive rally was fueled by two factors: a surge in copper futures prices, painting a rosy picture for the company’s prospects, and the lifting of an F&O ban, freeing up trading activity and unleashing pent-up buying pressure.

Cyient Ltd: The shares of Cyient Ltd dropped nearly 4.97% 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 market forces.

Kajaria Ceramics Ltd: The shares of Kajaria Ceramics Ltd dropped nearly 4.66% in the last week. However, the last six months were challenging for ceramic tile makers as demand has been sluggish. Recently, the board approved a capital boost of Rs 35 crore for Kajaria Plywood Private Limited, demonstrating confidence in its subsidiaries and demonstrating commitment to growth.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.