Benchmark indices were trading flat ahead of the outcome of US elections. Asian markets were seen trading mixed. The US Dow Jones rose 2.08 per cent in yesterday's trade after US Presidential candidate, Hillary Clinton was cleared of criminal wrongdoing.
Select stocks gained, while, many stocks surged, following news and other related developments. Here are stocks that rallied in trade.
Diamond Power Infra
Shares in Diamond Power Infra jumped 15 per cent to Rs 48 on reports of the company to consider and approve proposal regarding restructuring of the co by fund raising and other means.
Diamond Power Infrastructure Ltd. (DPIL) has emerged as India's largest and only integrated manufacturer of power transmission equipment and turnkey services provider (EPC).
DPIL was established with the objective of providing integrated turnkey power distribution and transmission solutions. We are the only major EPC player with numerous business verticals that are completely backward integrated.
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Shares in Maan Aluminium Limited was up 10 per cent in trade on the back of heavy volumes. This was also a new 52-week high for the stock.
Here again, it was difficult to ascertain the reasons for the jump in the share price.
Maan Aluminium Limited was established in 1989 as Man Aluminium Limited. At the time it was one of the first Aluminium Extrusion Plants to be commissioned in Central India. Maan was founded as a limited company with equity participation of Financial Institutions, public and its promoters at the time - Mansukhanis - of the Man Industries fame.
ADF Foods Limited
Shares of ADF Foods rose on back of buy back of equity shares. The stock was last trading at Rs 174, up by 8 per cent on the NSE.
ADF Foods has strong network of over 180 distributors in over 52 countries making it one of the leading ethnic Indian food companies in the world.
Today, ADF houses an array of traditional ethnic Indian, spicy Mexican and exotic Mediterranean foods. Our frozen foods, salted, sweet & savory pickles or the wide variety of Pizza & Pasta sauces is relished in all diversified parts of the world.
Goldstone Infratech jumped 8 per cent to Rs 28 on the NSE. This was also a new 52-week high for the stock. There was buying accompanied by huge volumes in the counter.
Goldstone pioneered the revolution in Insulator technology in India through extensive in-house research in the development of Composite Insulators (Polymer Insulators) of superior quality and performance as a substitute for the existing Ceramic Insulators.
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Golden Tobacco jumped more than 8 per cent to Rs 73 on Tuesday. The stock also touched a new 52-week high of Rs 74.10 during trade.
Golden Tobacco Limited is a professionally managed organization in the field of tobacco and tobacco related products.
Golden Tobacco has manpower strength of around 400 employees spread across manufacturing, purchasing, processing, sales and marketing. The Company has production facility at Vadodara, Gujarat.
Shares of Sterling Tools rose by 7.82 per cent to Rs 985 on NSE. The stock also touched a new 52-week high of Rs 1,063 during trade.
Sterling Tools is a public listed company engaged in the manufacturing and marketing of high tensile cold forged fasteners, STL was established in 1979. Over the years, it has become one of the leading OEM suppliers in India with a client base that spans leading automotive companies in India, Europe and USA.