Top gainers and losers

Contents
  1. Overview
  2. Understanding Top Gainers
  3. Highlights of Top Gainers
  4. Break up of Nifty gainers and losers
  5. Top Gainers
  6. Top losers
  7. Conclusion
  8. Questions and Answers

Overview

Gainers are the stocks that tend to close with a higher price than what they opened with/their previous close price in an intraday market. If they are a part of any indices, the market indices shoot up. Conversely, when market indices are rising, the possibility of there being more gainers than losers is higher. NSE India publishes the top gainers and losers of the market categorically and updates them on a real-time basis. They are expressed in absolute terms and percentage terms. The gainers are arranged in the list in descending order.

Understanding Top Gainers

  • The further sub-classification of the everyday top gainers is necessary, and NSE manages it across all indices for more convenience. There are filters for stocks and other equity instruments, and for futures and options trading. Nifty top gainers list is an important indicator of the stock’s future and the trends and waves it may morph into. Even their very place, category-wise or sans, tells a lot more than just its favourable performance during the day.
  • The top gainer's list is available and listed every day. This means that an investor can compare the performance of the daily gainer's list and decide on what stocks to invest in. Top gainers, though marked independently daily, are inconclusive singularly. They need to be analysed in volumes because the movement of the stock price accounts for the trend pattern it may be showing.
  • The price rise in the stock, when valued in volumes, can determine the trend defined by its movement. This movement is more reliable than blind speculation based on a single-day conclusion. Gainers and losers are collectively representative of the market direction and industry growth. This detail works into long-term investing and decision-making. The effect of gainers and losers on the indices greatly impacts the investing process of all investors alike. Zee, RCOM, Dewan Housing, etc. were top losers (the opposite of gainers) in the older market, and they caved into losses.

Highlights of Top Gainers

  • They are updated on a real-time basis and can effectively summarize a great part of the intraday trading activity. Top gainers must be analysed collectively rather than singularly. Only considering a day’s worth of price change is not a good investing factor. Top gainers are arranged in descending order from top gainer to least gainer.
  • Top losers are arranged in ascending order from top loser to least loser. In this context, top gainers resemble the rise in price for stocks. However, the concept of top gainers is also applicable to the cryptocurrency market. Top gainers also pave the market direction. The purchases are indicated by strong buy, buy, neutral, sell, strong sell.

Break up of Nifty gainers and losers

  • To give a fair comparison of the gainers and losers, the NSE provides a sub-classification of these gainers and losers. One can do an index-based search filter of gainers and losers and opt to see the top gainers and losers of the Nifty 50 index stocks or the next 50 mid-sized stocks. Similarly, gainers and losers can also be filtered based on their prices.
  • You can either filter for stocks over Rs.20 or filter for penny stocks under Rs.20. There is also a filter available to distil only the F&O stocks since there are no circuit filters on such stocks and this ranking can also provide important cues for futures and options traders.
  • The stocks listed on the BSE and NSE witness price movement daily when they are being traded. Some see the maximum price increase or gain in value from their previous close and are termed as the Top Gainers. Similarly, some see the maximum fall in price or loss in value in comparison to their previous close and are termed as Top Losers. This difference is displayed in percentage terms. Click on the stock symbol to get detailed company details.

Highlights:

  • The S&P BSE Sensex closed with a loss of 372.32 points or 0.62 percent below the 60,000 level at 59,636.01.

  • The Nifty 50 index fell 133.85 points or 0.75 percent to 17,764.80.

  • Just seven stocks rose on the Nifty 50 index while 43 shares declined.

Top Gainers

  • CG Power and Industrial Solutions, formerly known as Crompton Greaves, notched the biggest climb of 426 spots to rank 320. CG Power makes a range of electrical products such as transformers, switchgear, and traction electronics. Its stock jumped 413 percent to Rs 123.15 as of September 30 from Rs 24 a year ago, while its 12-month average daily market capitalization rose to Rs 8,076 crore from Rs 699 crore.
  • CG Power’s healthy results in the July-September quarter helped justify those gains. Its sales rose 119 percent year-on-year to Rs 1,453.79 crore, net profit increased 71 percent to Rs 188 crore and Ebitda.
  • CG Power is in a sweet spot, IIFL Securities said in a research report. It is at the cusp of a CAPEX recovery under a dynamic leadership but requires close focus on building technological competencies and sustaining its leadership stature over the longer term, the broking firm said.
  • Tata Teleservices (Maharashtra) was the next biggest gainer, rising 347 spots to the 468th position. Its stock surged 1,108 percent to Rs 35.40 in the 12 months to September 30, despite the company’s quarterly losses and rising debt. The stock’s jump came largely after news reports in May said Tata Teleservices—the promoter of Tata Teleservices (Maharashtra)—will be revived in a new avatar called Tata Tele Business Services (TTBS). TTBS has since launched Smartflo, a cloud-hosted communication platform for small and medium enterprises with a hybrid work setup.
  • In third place is Tanla Platforms, earlier known as Tanla Solutions. The cloud communications firm gained 292 spots to rank 272 in the BT500 list as its share price nearly tripled to Rs 872.45 in the 12 months through September. Its revenue jumped 44 percent to Rs 841.60 crore in the September quarter, while its profit after tax rose 67 percent to Rs 136.20 crore.
  • Closely following Tanla is Mumbai-based Poonawalla Fincorp, a non-banking financial company (NBFC) formerly known as Magma Fincorp. Its rank rose 275 places to 366, propelled by a 398 percent surge in its stock to around Rs 163 as of the end of September. ICICI Securities noted in a report that Poonawalla Fincorp endeavors to be among the top three NBFCs for consumer and small business finance by 2025.
  • Rounding out the top five is Balaji Amines. The chemicals manufacturer rose 187 places to rank 350, powered by a 459 percent jump in its stock price to Rs 4,516 as of September 30. Its revenue from operations doubled to Rs 451.94 crore in the April-June quarter, while its net profit attributable to shareholders jumped 174 percent to Rs 90.38 crore.

Top losers

  • The biggest drop in the BT500 list was Future Retail’s, tumbling 289 places to rank 499. The consumer retailer’s shares have retreated nearly 43 percent to Rs 52 in the 12 months through September. Future Retail’s losses have been mounting as the pandemic and resultant lockdowns hammered its operations. It posted a loss of Rs 1,147 crore in the first quarter of FY22, which was its sixth quarterly loss in a row. The planned $3.4-billion sale of its retail assets to Reliance Industries is also in legal limbo after Amazon challenged the deal, further denting the stock.
  • One place above Future Retail is Chalet Hotels, which slid 179 spots to 498. However, its stock price rose 75 percent in the past 12 months to around Rs 241 as of September 30, while its 12-month average daily market capitalization was Rs 3,446 crore. But that is lower than the average market cap of Rs 4,730 crore over the 12 months ended September 30, 2020, when the stock dropped 56 percent.
  • Antique Stock Broking, however, believes the stock can hit Rs 400 in the next 12 months. It estimates Chalet Hotels—whose portfolio includes the JW Marriott and Lakeside Chalet in Mumbai—will top even its pre-pandemic revenue numbers “on the back of both cyclical and secular tailwinds. Over FY 21-25, we see the company growing at a CAGR of 55 percent. We see the hotel's segment bouncing back strongly and expect that by FY23-24, things will normalize”.
  • Spandana Sphoorty Financial recorded the third-biggest rank drop, falling 151 places to 452. Like in the case of Chalet Hotels, Spandana Sphoorty’s shares rose (11 percent) between October last year and September this year, but its 12-month average daily market capitalization fell (to Rs 4,176 crore from Rs 5,246 crore). The NBFCs recent quarterly results have not made for pleasant reading. It swung to a loss in the third quarter of FY21, from a year-ago profit. Its profit slid 46 percent in the fourth quarter, followed by a 13 percent fall to Rs 47.52 crore in the quarter ended June 30.

Conclusion

The National Stock Exchange (NSE) captures the top gainers and losers under various categories on a real-time basis. The gainers and losers are concerning the previous close price and are expressed in absolute terms and percentage terms. The gainers are indexed descending from top gainer to least gainer. Similarly, the losers are indexed ascending from the top loser to the least loser. Consider the NSE snapshot below:

Questions and Answers

Is it good to invest in top gainers?

They are updated on a real-time basis and can effectively summarize a great part of the intraday trading activity. Top gainers must be analyzed collectively rather than singularly. Only taking into account a day's worth of price change is not a good investing factor.

What are top gainers and losers?

The gainers are indexed descending from top gainer to least gainer. Similarly, the losers are indexed ascending from the top loser to the least loser.

How can I predict tomorrow's market?

Despite many short-term reversals, the overall trend has been consistently higher. If stock returns are essentially random, the best prediction for tomorrow's market price is simply today's price, plus a very small increase.

How do you find big moving stocks?

  • You can find regularly volatile stocks by using a stock screener such as StockFetcher to help you search. 

  • You can also do some research in the middle of the trading session to find the stocks that are moving the most that day.

How to use the Nifty top gainers and losers list?

  • While the top gainers and losers give a quick snapshot of which stocks are doing well, there are more ways traders and investors can use this listing intelligently.

  • The gainers and losers give you a very quick view of stocks that have shown the maximum positive momentum or the most negative momentum in the markets. These can be important triggers for structuring your trades or even getting finer ratification from the technical charts.

  • Normally, gainers are never looked at in isolation but in conjunction with the volumes. Any gain or loss supported by a spurt in volumes is more indicative and represents a sharper and deeper trend. That is useful for a trader because it is a signal that the movement is more reliable.

  • Gainers and losers provide a mirror for the key news items you may have missed out on. The gainers and losers often act as lead indicators of the market news flows. In the past, we have seen stocks like Zee, RCOM, Dewan Housing, and Vakrangee being in the top losers, providing a trigger to delve deeper into the news