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Stocks That Have Jumped Up to 15% In Trade Today
Markets witnessed a range bound session of trade today with indices moving between gains and losses.
US markets saw sharp losses, which led to a decline across the Asian markets and hence the Indian markets. Select stocks, however, managed to see some solid gains.
Here are a few stocks that are buzzing in trade today.
GSS Infotech
Shares in GSS Infotech were up 17 per cent in trade on the back of heavy volumes. Another 3 per cent increase and the stock would be locked at the upper end of the circuit filter.
Shares of the company were last trading at Rs 31.40 on the NSE. The company is engaged in a host of IT related services, including SAP services, database management, middleware services etc.
It was difficult to ascertain the reasons for the jump in the stock.
Gitanjali Gems
Gitanjali Gems is known for its renowned brand, Gili.
The stock, which at the peak of the global financial crisis traded at Rs 600 plus, today jumped by 15 per cent and was last trading at Rs 56.10.
Today's rally in the stock was largely on the back of better than expected quarterly results. The company almost doubled its net profits to Rs 22.24 crores from Rs 13.51 crores.
The shares have been hit in the past on debt worries.
Bhageria Industries
Shares in Bhagheria Industries jumped 12 per cent at Rs 405 on the NSE.
There was no notice given by the company to the exchanges and hence it was difficult to ascertain the reasons for the rally.
Bhagheria Industries is a company that is into the dye and intermediary business. It has a plant that is located in Gujarat for the manufacture of Vinyl Sulphone.
Chemfab Alkalies
This is one stock that keeps gaining everyday, no matter, which way the markets move.
Today, the stock was up another 11 per cent in trade at Rs 252. The shares of Chemfab have been trending higher, ever since the company reported a good set of quarterly numbers.
The rise in the stock was on the back of heavy volumes.
Aksh Optifibre Limited
The stock of Aksh Optifibre rallied as much as 11 per cent in trade today.
Again, the reason for the sharp rally in the stock could not be ascertained. The stock was last trading at Rs 22.40 on the NSE. The shares of Aksh Optic rallied today on the back of heavy volumes.
Aksh Fibre is a major optical fibre Cable manufacturer.
The company has also been implementing projects in Bhutan and Mauritius.
SE Investments
Shares in SE Investments gained as much as 9 per cent in trade. The stock was last traded at Rs 305 on the NSE.
Since the movement in the shares were large, the National Stock Exchange has written to the company to ascertain the reasons for the jump in the share price.
