Markets ended the week slightly higher, even as the week was extremely volatile. Select shares rallied dramatically in the past week. Here are 6 such stocks that gained substantially.
Signet Industries rallied as much 48 per cent during the week after a spectacular set of results. Net profits at the company doubled to Rs 4.23 crores from Rs 2.12 crores in the previous quarter. The stock ended the week at Rs 30.55.
Sterling Tools has been rallying since the start of the week, after the company reported good quarterly numbers.
The company is engaged in the manufacturing and marketing of high tensile cold forged fasteners, and STL. The stock last closed at Rs 695 on the BSE, jumping 26 per cent week on week.
This is another stock that rocked, after markets cheered a good set of results. Sundaram Fasteners saw its net profits doubling to Rs 75.55 crores from Rs 38 crores in the previous quarter. The stock ended the week 22 per cent higher at Rs 234.
One of the top BPOs in the country, Hinduja Global saw a rally of 20 per cent in its share price and ended the week at Rs 498.
Once again it was a good set of quarterly numbers that propelled the stock higher.
Federal Mogul Goetze
Federal Mogul Goetze manufactures world-class pistons, piston rings, sintered parts and cylinder liners covering a wide range of applications. We could not ascertain the reason for an 18 per cent jump in the stock this week.
Shares of the company closed at Rs 454 on the BSE.
Bharat Rasayan was another stocked that rocked in trade this week. Again we could not ascertain the reason for the rally in the stock. It ended the week higher by 18 per cent at Rs 1356.