The Sensex and the Nifty ended the week at another record closing. Select stocks were on fire this week and the trend may continue into next week, if the markets continue to remain buoyant. Here are six stocks that were buzzing with activity.
The Nitesh Estates stock was on fire this week and rallied a huge 10 per cent on Thursday. The company has signed number of projects for joint development aggregating Rs 170 crores. The stock may see some more action in the early part of next week.
Investors rushed to buy rail stocks after the government notified 100 per cent FDI in railway companies in select areas. Though this had already been approved earlier, there was just a reaction to the notification. Select stocks from the sector jumped between 4-15 per cent.
DLF had a bad week in trade after it was slapped with a fine in excess of Rs 600 crores. The stock saw a reaction on Wednesday as well as Thursday.
There may be further downside risk to the stock.
Bhushan Steel was locked at the lower end of the circuit filter through the entire week. It's been at lower end of the circuit filter for several weeks now, ever since a bribery case involving top officials at the company surfaced. The stock has crashed from a 52-week high of Rs 561 to the current price of Rs 101.
Venus Remedies also had a fantastic week after reports that the company was planning to sell anti cancer drugs.
Investors also lapped up the shares of BEL on government hiking the FDI limit in defense. How far the stock would rally next week is difficult to tell.