HDIL is a Mumbai based realtor which is back in the limelight in the last few months. The stock rallied more than four per cent on Wednesday and is currently traded at Rs 82.55 on the National Stock Exchange. It's a high beta and extremely volatile stock.
NCC is a construction major from Hyderabad and is yet another stock that has been very volatile in the last few trading sessions. Again, the stock is a high beta one.
Bank of India
PSU banks are currently in the grip of a severe buying frenzy. Almost every PSU Banking stocks these days has a very high beta. Bank of India also falls in the category. The stock is currently traded at Rs 272.
Government owned financial institution, IFCI is a low price, high volume play. The stock offers enough volatility to keep investor interest alive. The stock is currently trading at Rs 29.55 on the National Stock Exchange.
Adani Power is a part of the Gujarat based Adani group. One reason why this stock is in the limelight is largely on account of the fact that reports suggest that Gautam Adani is suppose to be close to Narendra Modi. The belief that Adani Power would rally if Modi becomes the PM has fueled buying interest in the stock.
Shares in Adani Enterprises hit a 52-week high of Rs 517.50 on May 14. The reason for the frenzy is the same as that mentioned above. The stock is a good bet for a make or break rally.