Top 15 stocks that rose up to 20% in just 5 trading sessions
by Admin |21/04/2018
The Indian market witnessed a roller coaster ride in the week gone by, with the Sensex closing 0.6 percent higher and the Nifty rising 0.8 percent.
But despite benchmark indices ending the week with marginal gains, there were plenty of stocks that rose by up to 20 percent in the same period.
Stocks that rose nearly 20 percent include Indiabulls Ventures, Parag Milk Foods, Bombay Burmah, Jindal Stainless, MindTree, Radico Khaitan, Sudarshan Chemicals, Take Solutions, Bombay Dyeing, and Mahindra CIE, among others.
Indiabulls Ventures is one of India’s leading capital market companies, providing securities, commodities, and currency broking services. The stock saw a spurt in trading activity and hit a fresh 52-week high Rs 401.80 this week.
Parag Milk Foods acquired Danone's manufacturing facility in Sonipat, Haryana, which will help it expand its footprint in north and northeast India.
Jindal Stainless saw an spike in trading activity, with volumes rising three times. The metals sector remained one of the top performing sectors, helped by a rise in global commodity prices.
MindTree rallied 14 percent in the week gone by. The rally gained momentum after the company reported a sequential growth of 27.9 percent in its March-quarter net profit, helped by strong deal wins, and said it expects better performance in the coming financial year.
The Nifty reclaimed 10,500 and 10,565 this past week and the way bulls are stepping in on every dip, the index looks on track to hit 10,600-10,700 levels in the expiry week.
After a disappointing March, April started on a positive note for investors. However, lingering fears of a trade war, as well as military action by the US on Syria, led to a knee-jerk reaction on equity markets across the globe, including India.