Markets were trading very mixed today, though stocks like ICICI Bank managed to hold markets firm. There has been some selling that has emerged in the last few days, especially from domestic institutions. However, here are stocks that have jumped up to 20 per cent in trade.
Diamond Power And Infra
Shares in Diamond Power and Infra surged 20 per cent in trade today and was locked at the upper end of the circuit filter. There were only buyers in the counter and no sellers at Rs 49. There was no intimation that was given to the exchanges and hence it was difficult to ascertain the reasons for the jump in the share price. Diamond Power and Infrastructure is a leading player in the power business. Check the stock quote of Diamond Power here
Essar Shipping was another stock that was trading higher. In fact, the stock was locked at the upper end of the circuit filter with only buyers in the counter. The stock jumped 20 per cent at Rs 34.70.
Essar Shipping provides a whole range of logistics support. The sea transportation business has a diversified fleet of 14 vessels including VLCCs, capes,mini-capes bulk, Supramaxes, and handy-sizes to provide crude oil and bulk commodity transportation services.
Indian Metals & Ferro Alloys Limited
Indian Metals and Ferro Alloys was another stock that was seeing solid buying in trade today. The stock was up 17 per cent at Rs 287.
The stock also hit a 52-week high of Rs 289 in trade. Indian Metals and Ferro Alloys is India's largest, fully integrated producer of ferro alloys with 187 MVA installed furnace capacity backed up by 258 MW captive power generation and extensive chrome ore mining tracts.
The company has major clients like Jindal Stainless and Shah Alloys. Check the stock quote of India Metals Ferro Alloys
Shares in DCM Ltd jumped 16 per cent, after the board of director approved a merger scheme with the various companies including DCM Realty and DCM Ltd. The stock was last trading at Rs 114.50 on the NSE.
The Vinay Bharat Ram company has interests in automotive engineering products, information technology, cotton yarn and real estate. Major business units are DCM Textiles, DCM Engineering and DCM Data Systems.
Shares in Panama Petrochem rallied as much as 15 per cent to Rs 85.80 on the back of heavy volumes. It was difficult to ascertain the reasons for the jump.
Panama Petrochem Ltd is one of the leading manufacturers and exporters of petroleum specialty products. The company has four manufacturing units in India namely in Ankleshwar (Gujarat), Daman (Union Territory), Dahej (Gujarat, SEZ) and Taloja (Dist. Raigadh) having infrastructure, with state-of-the-art technology and storing capacities.
Shares in Maharashtra Scooters jumped to a new 52-week high of Rs 2149 in trade. The stock was last trading at Rs 2,125, which was almost gains of 16 per cent over Friday's closing levels.
Vardhman Polytex Limited
Shares in Vardhman Polytex 11.68 per cent at Rs 61.65 on the NSE. There were heavy buyers in the counter to the tune of 5 lakh shares, while the sellers totalled only 80,000 shares. Vardhman Polytex Limited (VPL) is the flagship company of the Oswal Group with multiple production facilities located at Bathinda, Ludhiana, Nalagarh (India ).
Tokyo Plast International
Tokyo Plast International shares were up 16 per cent with very low volumes. Tokyo Plast shares were last trading at Rs 81.40 on the NSE. The company manufactures Insulated Water Jugs, Cooler boxes and Ice Chest and the Daman Plant Specializes in Insulated Casseroles and Food Warmers.