Markets continue to be on a roll, on hopes that the GST would be passed in the upcoming monsoon session of parliament. Here are 7 stocks that have gained up to 18 per cent in trade.
Mangalam Timber has surged 17 per cent on hopes that the passage of the GST bill would boost margins, as it would bring small players under the ambit of taxes.
The stock was last trading at Rs 35.25 on the NSE.
Usher Agro was another stock that saw buying interest in trade. The stock was up 16 per cent with heavy volumes. It was last trading at Rs 23. Usher Agro is a major player in the agro industry with the largest single location rice mill.
Jindal Poly Investment and Finance Company
This was another small cap company that saw a rise in its share price. It was formed due to the demerger of the investment arm from Jindal Poly. The stock saw a sizeable jump of 14 per cent in its share price at Rs 108.
Barak Valley Cements Limited
Barak Valley Cement Plant is the largest cement plant in the State of Assam. The stock jumped 14 per cent in trade on sustained buying support. The stock was last trading at Rs 26.85.
The stock was up 12 per cent at Rs 28.85 on the NSE. There was no information that was passed on as such to the exchanges The company is a player in the power industry.
Jindal Stainless Hisar
Jindal Stainless Hisar was another stock that rose on the back of heavy volumes. The stock was last trading at Rs 48.80, a rise of 11 per cent in trade.