Markets which fell slightly in trade, following a decision by RBI Governor Raghuram Rajan to quit the Reserve Bank of India, after his term expires in Sept, recovered and were trading positive. However, there are select stocks that have gained in trade by whopping amounts. Take a look:
P G Electroplast has rallied 16 per cent in trade and is the top gainer from the BSE from all traded stocks.
The shares were last trading at Rs 126 on the NSE.
There were no corporate notices sent to the exchange and hence it was difficult to ascertain the reasons for the jump.
The company is a leading player in plastic injection moulding, tool manufacturing, automotive manufacturing etc.
Arrow Textiles is another stock that has rallied in trade. The stock was up 15 per cent at Rs 42.50 on the NSE.
The company manufactures a range of stock and custom designed satin, taffeta and damask woven bleached white, dyed and printed elastic and non-elastic narrow.
Storeone Retail was locked at the upper end of the circuit filter with only buyers in the counter. The stock was up 10 per cent at Rs 140.70 on the NSE. Once again there was no definite news on why the stock had rallied so far.
Sugar stocks were back with a bang. Andhra Sugars was trading higher by 7 per cent, as the brief sell of seen in sugar stocks was shortlived.
The stock was last trading at Rs 220. the government on Friday had imposed a duty on sugar.
Max Financial Services
Max Financial Services jumped 7 per cent in trade. The company had reported a good set of numbers and the stock was last trading at Rs 508. The were heavy volumes in the counter.
Golddiam is a player in diamond jewellery manufacturing also saw its share price rally almost 7 per cent.
The company had reported a drop in profits for the quarter ending March 31, 2016. Heavy orders were seen in the counter.
Nirvikara Paper Mills Limited
Nirvikara Paper Mills has rallied 7 per cent in trade with heavy volumes. The stock was last trading at Rs 35 on the NSE.