Benchmark indices were trading weak, as global cues were not very good. Asian markets declined in trade and so did European markets. The Sensex was trading with losses of 114 points, while the Nifty dropped 30 points in trade. Select stocks gained, while, many stocks surged, following news and other related developments. Here are stocks that rallied in trade.
Shares in Nucleus Software, jumped 15 per cent in trade today at Rs 219.55, after the company reported a solid set of quarterly numbers. Nucleus Software, which declared numbers today reported a net profit of Rs 13.7 crores, as compared to Rs 4.5 crores, in the second quarter of the last year. This was the reason the stock jumped in trade. Nucleus software claims to power the operations of more than 150 companies in over 50 countries, supporting retail lending, corporate banking, cash management, mobile and internet banking, automotive finance and other business areas.
Shares in Nahar Polyfilms was the top gainer today from amongst NSE stocks. The shares rallied 17 per cent at Rs 67.40 on the NSE. It was difficult to ascertain the reasons for the jump in the shares price of Nahar Poly. The company is promoted by Nahar Spinning, group. Check stock quote of Nahar Spinning here
IVP Ltd today hit a 52-week high of Rs 152.55 on the NSE. The stock jumped as much as 15 per cent on heavy volumes. Again, there was no specific notices that were sent to the stock exchange, and it was difficult to ascertain the reasons for the jump. IVP Ltd started with the Vegetable Oil Business and subsequently diversified into an array of fields. Originally part of the Tata Group and later acquired by the Allanas. Today, IVP is an integral part of the Allana Group. The company is the first to start Foundry Chemicals manufacturing.
Balkrishna Paper Mills
Shares in Balkrishna Paper Mills, rallied as much as 14 per cent in trade at Rs 109. There were no notices sent to the exchange, so it was difficult to determine the reason for the sharp rally in the share price. Balkrishna Paper Mills was part of the highly reputed SIYARAM PODDAR GROUP which is into the diversified businesses of manufacturing textiles, garments yarn, home furnishings and paper. Balkrishna is a pioneer in the field of Coated Duplex boards which are used for packaging by various industries such as Pharmaceuticals, Toiletries, Cosmetics and Health Care Products, Readymade Garments, Instant Food Products, Match Boxes, Incense Sticks, besides many other packaging requirements.
Caplin Point Laboratories Limited
Caplin Point Laboratories, jumped 12 per cent at Rs 396 on the NSE. There were no specific notices that were sent to the exchanges. Caplin holds over 2000 product licenses across the globe, with a dominant position in Latin America. Topline of the company in 2010 has become the bottom line in 2016. The Company is entering into Regulated markets of US, EU, Brazil, Mexico, Australia, with a state of the art manufacturing facility for Injectables, already approved by EU-GMP, ANVISA and awaiting US FDA inspection and approval.