Benchmark indices ended the day lower, as global cues, led by Asia continued to be weak. The Sensex closed the day at 25704 points, a drop of 69 points in trade.
Despite losses in the markets, here are 6 stocks that gained a whopping 15 to 20 per cent in trade. That's a huge gain in a single day and normally happens in bank deposit only after 2-years.
Shares in Golden Tobacco were up 20 per cent in trade and closed the day at Rs 46.55. Investors were excited on reports that the property at a prime location in Vile Parle in Mumbai was up for sale. The company has been in the news ever since being referred to the BIFR.
2) Tata Metalliks
Shares in Tata Metalliks rallied 20 per cent and were locked at the upper end of the circuit filter after Tata Steel called off its merger with the pig iron manufacturer and Tata Metaliks DI Pipes. The shares ended trade at Rs 168.20
Trigyn only saw buyers at the upper end of the circuit ilter and rallied 20 per cent in trade.
Trigyn Technologies is an innovative solutions provider and systems integrator that is in business across many countries. The stock ended the trade at Rs 105.20.
Unlike the other stocks mentioned earlier, Sagar Cement did not rally, as much as 20 per cent. However, the surge in the stock was almost 14.13 per cent, which in any case a phenomenal rally in a single day.
The company's board is set to meet on May 26 to consider results and a final dividend.
Shares in OCL India also rallied 17.75 per cent and closed the day at Rs 611.85. Investors got excited by a superb set of results at the company.
OCL holds 92 patents in India and abroad for refractory products and processes and products developed through OCL's own R&D efforts are noted for their excellent quality and performance.
Shares in Nahar Poly ended the day at Rs 51.90 on the NSE, rallying 17.42 per cent. There were no reports and we are unsure on the reason for such large scale buying.
The company has yet to declare quarterly results.