Markets were trading lower, as one could see some profit booking, after a spectacular rally of the last few days. However, that did not stop select shares from gaining. In fact, some of the stocks jumped 20 per cent on the National Stock Exchange. Several of the shares mentioned below also touched a fresh 52-week high on the NSE. Here are select stocks that rallied up to 20 per cent in trade.
Shares in Alkali Metals was up 20 per cent and was stuck at the upper end of the circuit filter. There were only buyers in the stock at Rs 75.75. Interestingly, the stock was also trading at a new 52-week high of Rs 75.75 on the NSE.
Alkali Metals manufactures a variety of products ranging from Alkali Metal Derivatives, Amino Pyridines, Tetrazoles, Cyclic compounds and Fine chemicals. The company is an ISO 9001 and 14001 certified company following cGMP Standards. The reasons for the jump in the stock could not be ascertained.
Sharda Cropchem did not jump as much as 20 per cent like Alkali Metals, however, the stock was still higher by almost 15 per cent at Rs 446. There was no news as such which led to the sharp rally in the stock price.
Sharda Cropchem is engaged in the marketing and distribution of a wide range of formulations and generic active ingredients globally. It's core strength lies in identifying generic molecules, preparing dossiers, seeking registrations, marketing and distributing formulations or generic active ingredients in fungicide, herbicide and insecticide segments.
Genesys International Corporation
Genesys International Corporation also hit a new 52-week high of Rs 109 on the NSE today. The stock was higher by 16 per cent at Rs 106.50 on the NSE.
The shares were trading with heavy volumes and it was difficult to ascertain the reason for the jump in the share price.
Genesys is an advanced mapping, survey and geospatial services firm. The firm has an understanding the emerging consumer applications around mapping technology as well as has capability on the enterprise side to offer solutions revolving state of art remote sensing, LIDAR, aerial survey and Photogrammetry solutions. It has one of the largest LIDAR acquisition and processing capabilities in the world.
Tourism Finance Corporation of India Limited
Shares in Tourism Finance Corporation rallied 11 per cent at Rs 68 and also hit a fresh 52-week high on the bourses of Rs 70.40. The company is a government owned entity.
TFCI provides financial assistance by way of rupee loan, subscription to equity / debentures and corporate loans mainly to hotel projects, amusement parks, ropeways, multiplexes, restaurants etc. With a view to diversify in other related areas, TFCI has expanded the scope of its activities by including financing of infrastructure projects, real estate projects and manufacturing projects to a limited extent, within the scope of its activities.
Shares That Gained Upto 20% In Trade Today
Shares in Kanoria Chemicals were up 14 per cent at Rs 76.35 on the NSE. There were also heavy volumes that were seen in the counter.
Kanoria Chemicals & Industries Limited (KCI) is a leading manufacturer of chemical intermediates in India. Apart from chemicals, it has diversified business interests including automotive and industrial electronics, renewable energy and textiles.
SKIL Infrastructure was up 9.33 per cent at Rs 28.70 on the NSE. The is engaged in various infrastructure projects and also in finding various routes to bring in the required finance, technology and expertise that are necessary for the implementation of the projects undertaken be it Mergers & Acquisitions, Joint Ventures, Amalgamation or Strategic Alliances.
Tamilnadu PetroProducts Limited
Tamilnadu PetroProducts was another stock that saw brisk buying in trade. The shares were up 9 per cent at Rs 26.50 on the NSE.
The company is a manufacturer of linear alkyl benzene for use in detergent manufacture, also producing epichlorohydrin, caustic soda, hydrochloric acid and ammonium chloride.
Swan Energy was locked at the upper end of the circuit filter limit with only buyers in the counter. There were only buyers in the counter at Rs 96.65. The stock was up 10 per cent.