Markets were absolutely flat and were trading in a range for most of the session. Stocks from the tobacco industry were on a roll, after analysts estimated that there would be no severe tax liability on these companies following the GST rollout. Here are a few companies that were gaining in trade today.
Shares in Shriram EPC surged a huge 19.80 per cent. This was the second day in a row that the stock jumped almost 20 per cent. The company provides a range of services for the process and metallurgy industry. The company had reported a marginal loss for the quarter ending March 31, 2016.
Shares in Dhunseri Investments surged a huge 14 per cent. The stock was up amidst huge volumes. The NSE has sought clarification from Dhunseri Investments Limited with respect to announcement of Ramesh Chandak an Additional Director.
The company is into a range of investments.
Nath Bio-Genes (India) Limited
Shares in Nath Bio-Genes (India) jumped 12 per cent. Once again this was on the back of large volumes. The company recently said that its board meeting had been postponed. Shares in Nath Bio-Genes was trading at Rs 184 on the NSE.
Manaksia Industries saw a sharp surge in its share price by 12 per cent. This was the second successive day that the stock was seeing gains. The shares were last trading at Rs 63.55 on the NSE.
Shares in TCI Finance has seen some activity in the last few weeks. The company is a government of India owned enterprise. The shares were last trading at Rs 30, on the NSE with pretty decent volumes. Check stock quote of TCI Finance. There was no notice sent to the exchange and hence it was difficult to ascertain reasons for gains.
Shares in Mandhana Industries gained 9 per cent at Rs 26.15. Mandhana Industries Ltd is a vertically integrated textile and garment manufacturing company in India. The reasons for the jump in the stock are not known.
SEAMEC is the region's leading provider of Diving Support Vessel (DSV) based diving services. The company's stock jumped 8% to Rs 99. Again, there were pretty decent volumes in the counter.
Shares in Golden tobacco rallied as much as 6 per cent to Rs 61. There were reports that the GST would not be too harsh on the tobacco sector. The company was recently in the news for its real estate property in Western Mumbai.
This was another stock that was up for a second day in a row. In fact, paper stocks have been on a roll for the last few days. The shares were last trading at Rs 27.80, up 8 per cent in trade.
Pritish Nandy Communications
The shares of the company were up 9 per cent at Rs 23. It was difficult to ascertain reasons for the sharp jump in the share price.