Markets managed to end the week with smart gains, thanks to the belief that the GST could be passed in the Rajya Sabha as early as next week. Here are select stocks that jumped as much as 40 per cent in trade.
Capri Global was the star across all the exchanges this week with the stock jumping as much as 40 per cent.
The rally was led by a superb set of quarterly numbers, where the company reported a huge jump in net profits of Rs 16.20 crores for June, as against marginal profits of Rs 34 lakhs.
The company is a NBFC with a strong presence in the MSME sector. The stock closed at Rs 186 on Friday.
RPG Life was another solid gainer in trade today. The stock ended the week with gains of near 39 per cent.
Again, like Capri Global the rally was based on strong financial performance. The net profits at the company surged to Rs 9.87 crores as against Rs 2.14 crores.
The stock was last trading at Rs 385, on the NSE.
Indian Hume Pipe
Indian Hume Pipe was another star performer during the week, with the stock gaining as much as 37 per cent in trade. The company reported a good set of quarterly numbers for the period ending June 30, 2016.
The net profit surged to Rs 25.99 crores for the quarter ending June 30, 2016, as against Rs 9.42 crores in the previous quarter. The stock ended trade on Friday at Rs 540.
Nahar Industrial was another stock that saw a good performance this week. The stock jumped 30 per cent and closed trading on Friday at Rs 114 on the BSE.
Kalyani Steels saw its net profits jump to Rs 46.79 crores from Rs 29.07 crores in the previous quarter. This resulted in the share price jumping as much as 28 per cent during the week.
The stock last ended trade at Rs 247 on the BSE. The stock saw some profit booking in trade on Friday.
Datamatics rallied 26 per cent in trade. The stock ended the week at Rs 73.50, up 26 per cent for the week.
On Friday itself the stock saw a superb rally of 8 per cent. Again, this was largely due to the good results reported on July 26.
This paper and allied products manufacturer saw its share price rally by about 25 per cent during the week. Good to see some activity in paper manufacturers. The stock closed at Rs 397 on the BSE.