The Sensex lost 2.5 per cent this week, as worries over surgical strikes near the Line of Control, saw heavy selling pressure. However, there were many stocks that surged this week. Here are stocks that gained up to 30 per cent in trade.
Stocks That Jumped Up To 30% This Week
TVS Srichakra jumped 30 per cent in trade this week, which is remarkable given that the markets fell. The shares of the company which started the week at Rs 2,995 on Monday, ended the week at Rs 4,003. That is a remarkable jump.
TVS Srichakra Ltd., is one of India's leading two & three-wheeler tyre manufacturers. It is part of the TVS Auto Ancillary Group and has been doing remarkably well in the last few years.
Multi Commodity Exchange of India Ltd
This is another stock that has rallied this week, as much as 28 per cent.
Recently, the Multi Commodity Exchange of India (MCX) informed BSE that the Reserve Bank of India vide letter dated September 30, 2016 has permitted the Increase in Foreign investment limit under Portfolio Investment Scheme for Flls/ RFPIs from default 24% to 34% for the Company.
Shares in MCX closed at Rs 1348 on the NSE, another sterling performance. The company is the only listed commodity exchange in the country.
Dishman Pharma was another stock that jumped and closed at 24 per cent, during the week. The stock ended the week at Rs 259 on the NSE. Dishman is a global, dynamic group of companies offering a continuum of services to the pharmaceutical industry. The company is a global outsourcing partner for pharmaceutical companies, offering a portfolio of products and development, scale-up and manufacturing services.
Globus Spirits is another company that has seen a superb week. This was another stock that ended 23 per cent higher at Rs 110. Watch for some profit booking on Monday.
To be honest, it was a week of tyres and tube companies. While TVS Srichakra surged 30 per cent this week, Balkrishna rallied 23 per cent.
Balkrishna Industries is another stock that is into tyre manufacturer.
The stock ended at Rs 1019 on the NSE.
This was another stock that was a star performer this week. The stock ended higher by 13 per cent in a falling market. The shares ended at Rs 2,287. Interestingly, Atul is another auto ancillary stock and we have been seeing is a surge in the price of auto ancillary unit, including auto stocks.