It was a lacklustre day of trade in the markets, with stocks trading in a range for most of the day. However, select stocks jumped in trade on the NSE. Here are stocks that gained sharply in trade today, some by as much as 17 per cent.
Graphite India was among the top gainers in trade today. It was difficult to ascertain the reasons for the sharp jump in the share price of the company. The stock was last seen trading at Rs 91, with a rally of almost 17 per cent in trade. Graphite India manufactures a variety of Graphite Electrodes, as also Speciality Carbon and Graphite, Impervious Graphite Equipment etc.
The stock was also seeing good volumes in trade. Check stock quote of Graphite India here
Shares in Pokarna jumped after the company said that its subsidiary, Pokarna Engineered Stone has partnered with IKEA India to serve as its quartz surfaces supplier and partner. The stock jumped a huge 16 per cent following the news and surged past the Rs 1,000 mark. The shares were last seen trading at Rs 1062 on the NSE.
Shares in Tokyo Plast surged past the Rs 100 mark and was last seen last trading at Rs 116, following a jump of Rs 16 in the stock. It was difficult to ascertain the reasons for the rise in the shares. Tokyo Plast manufactures insulated water jugs, cooler boxes, ice chest, insulated casseroles, food warmers etc. The volumes in the stock were pretty decent.
BEML was another stock that surged in trade and was up 14 per cent in trade. The shares rose after reports that the Government of India, Ministry of Defence, has communicated 'in-principal' approval of the Cabinet Committee on Economic Affairs (CCEA) of the Government of India, for strategic disinvestment of 26% equity shares in BEML Limited out of Government of India shareholding of 54.03%. The said shareholding would be sold to the strategic buyer/s to be identified by the Government of India by following due procedure. The shares were last trading at Rs 1,136 on the NSE.
Check stock quote of BEML here
Manaksia was another stock that jumped in trade today, though not as much as some of the others. The stock was up 12 per cent at Rs 58.10 on the NSE. Again, the reason for the jump was not known, but, there were heavy volumes in the counter. Manaksia manufacturers a host of products including crowns through a host of manufacturing plants in India and 4 abroad. The company also has a steel division, packaging division, coated metal & mosquito coil division and aluminium division.
Hindustan Electro Graphites
Hindustan Electro Graphites too gained in trade. The stock was up 13 per cent with good pending buy volumes. HEG was last seen trading at Rs 186. Again, there was no notices that were sent to the two major stock exchanges and hence there was no way to ascertain the reasons for the jump in the share prices of these stocks.
Check stock quote of HEG here