Markets are up, but, some stocks are on a roll. Here are 8 stocks that have jumped 10-20% in trade today.
State Bank of Bikaner and Jaipur
State Bank of Bikaner and Jaipur is also up 20 per cent.
The reasons for the jump is the merger with SBI and second is the new norms proposed by the RBI, which should favour bank NPAs.
State Bank of Mysore
State Bank of Mysore is up 20%. The one reason for the jump is the likely merger with SBI and second is the new norms proposed by the RBI, which should favour bank NPAs.
Shares in Emami Infra jumped 20% after the company said that the High Court has sanctioned the Scheme of Arrangement for Amalgamation of Emami Realty Limited and Emami Rainbow Niketan Private Limited, the wholly-owned subsidiaries, with the Company Emami infrastructure Limited in the open Court. The amalgamation will be effective upon filing of the certified copy of the order of the High Court with the Registrar of Companies.
The shares were last trading at Rs 50.50.
Shares in Punjab Chemicals was up 20% at Rs 205, with only buyers in the counter.
The stock was stuck at the upper end of the circuit filter at 3 pm.
SKIL Infrastructure has gained 15% in trade. Again, there is no specific reason, but, infra companies shares have been on a roll off late.
The shares were last trading at Rs 26.90.
Asahi Songwon Colors
This stock too has jumped 20 per cent in trade. One cannot ascertain the reason for the jump, as there were no notice given to any exchange on any specific news.
The shares were locked at the upper end of the circuit filter last trading at Rs 207.
Rajshree Sugars & Chemicals has hit a 52-week high in trade today. The stock is up 15 per cent, as sugar stocks continue to rally.
The shares were last trading at Rs 70.70 on the NSE.
Arshiya International jumped 20 per cent, as logistics stocks were in the limelight.
The shares were locked at the upper end of the circuit filter at Rs 23.25 at 3 pm.