- Date : 22/07/2022
- Read: 2 mins
On Monday at 10:55 AM (IST), the trading of the Nifty Auto index was negative. However there are some stocks that provided 80% to 135% returns in 15 days.
On Monday at 10:55 AM (IST), the trading of the Nifty Auto index was negative. This indicates a weak and volatile market. The top gainers during this period were Escorts Kubota(up 2.44 per cent), Hero MotoCorp(up 0.21 per cent), Balkrishna Industries(up 0.37 per cent), Sona BLW Precision Forgings(up 0.53 per cent), Bosch(up 0.57 per cent), and Escorts Kubota(up 2.44 per cent).
However, something extraordinarily amazing was happening elsewhere. There were some stocks that provided 80% to 135% return in 15 days. This is quite unexpected since the market is quite volatile during this time.
The primary among them is Globesecure Technologies which registered a whopping 134.55% return in just 15 days. Another successful player is Shyam Telecom which has a handsome 99.15% return in 15 days. Kohinoor Foods is another stock that has given more than 80% return in a similar period. All of them have hit 52-week highs on BSE Sensex.
Besides these three, several other stocks have recently hit their 52 weeks on BSE Sensex. These include Blue Dart Express, Ambar Protein Industries, Advance Lifestyles, India Nivesh, Jamna Auto Industries, Varun Beverages, and others.
In contrast, stocks that hit 52-week low include Vaibhav Global, Atlas Jewellery India, Thyrocare Technologies, National Aluminium Co., Biocon, Chambal Fertilisers and Chemicals, Dilip Buildcon, Star Health and Allied Insurance Company, Suryoday Small Finance Bank, Everest Organics, Hindustan Zinc, Inox Wind, Parag Milk Foods, Deepak Nitrite, Balaji Telefilms, and others.
Talking of the National Stock Exchange, the number of stocks that rose to their new 52-week highs is 14. Also, the number of stocks that fell to 52-week lows was 47. This shows that the market is largely volatile these days.
Among those that reached highs were Shalimar Paints, Manorama Industries, Jupiter Wagons, Global Education, Axita Cotton, Akshar Spintex, and others.
Talking of the top losers on the index; are Eicher Motors(down 0.44 per cent), Mahindra & Mahindra(down 0.71 per cent), Tata Motors(down 0.92 per cent), TIINDIA(down 0.98 per cent), and TVS Motor Company(down 3.47 per cent).
Disclaimer: This article is intended for general information purposes only and should not be construed as investment or legal advice. You should separately obtain independent advice when making decisions in these areas.