The markets were stuck in a tight range through this week. However, there were a few stocks that gave up to 40% returns. Here are 7 such stocks.
Rane Break Linings
Shares in Rane Break Linings surged as much as 40 per cent this week, after a solid set of quarterly numbers.
The company's EPS spurted to Rs 13.26 for the quarter ending June 30, 2016 from just Rs 6.09 for the quarter ending June 30, 2015. The shares closed the week at Rs 639.55.
Tata Metaliks was another stock that jumped near 40 per cent during the week. The company reported a sharp jump in net profits to Rs 22.42 crores from Rs 15.54 crores in the previous quarter. The stock ended the week at Rs 478 on the NSE.
Maithan Alloys was another stock that surged on the back of superlative results. Maithan was up 34 per cent during the week and ended the week at Rs 412. The company is a leading player of Manganese Alloy in the country.
Anant Raj Industries is a leading real estate developer, mostly concentrated in North India. The stock surged a huge 30 per cent, during the week. It ended trade at Rs 62.75 on the BSE.
Shares in Motilal Oswal rallied following a good set of quarterly numbers. The company saw its share price surge almost 24 per cent in a week. Substantial gains were seen on July 21, following its results.
J M Financials
J M Financials did not rally as much as the others, but, gave gains upto 22 per cent during the week.
It was difficult to ascertain reasons for the gains in the stock. The shares jumped 10 per cent on Friday alone.
The stock jumped 20 per cent in trade during the week. The jump was after the company said that it has entered into an agreement for sale of its stake in its Joint Venture Company Xuancheng Hengyuan Chemical Technology Company Limited, China.