Indian markets were seen trading lower after opening the day flat, and the markets were volatile due to the F&O expiry. The BSE Sensex was down 126.45 points at 27,708.51 points and the 50-share NSE Nifty dropped lower by 50.90 points at 8563.85 points.
Tata Group shares were hammered out of shape, with some huge losses seen in Indian Hotels and Tata Global Beverages.
However, there were some shares which surged in trade, ignoring the poor market sentiments. Here are some of the stocks that gained upto 15 per cent in trade:
Shares of Umang Dairies was up 12.61 per cent at Rs 96.90. The stock was trading at a new 52-week high of Rs 99.40 on the NSE.
The board will meet on November 5, 2016 to consider and approve Financial Results of the Company for the second quarter. One could really not ascertain the reason for the rally in the stock.
Umang Dairies is the first dairy plant from the private sector to have received ISO Certification. The plant has a capacity to process over 8,00,000 litres of milk per day.
The company also has a fully developed R&D centre that constantly works for improving systems of milk collection, processing and product upgradation.
PNB Gilts also hit a new 52-week high on the NSE today. Shares of the PNB Gilts rose 11.22 per cent to trade at Rs 34.70 on NSE. The face value of the company is Rs 10.
On Wednesday, PNB Gilts reported net profit at Rs 701.4 million, as against Rs 247.8 million a year ago.
The Company was established as a wholly owned subsidiary of Punjab National Bank with an initial paid up capital of Rs 50 crores.
The net-worth of the Company increased from Rs 50 crs to Rs 731.22 crs. PNG Gilts is the only listed primary dealer in India and the public share holding in company is 25.93%.
Barak Valley Cements
Shares of the Barak Valley Cements rose 10 per cent to trade at Rs 31 on NSE. The face value of the company is Rs 10. The stock also hit a new 52-week high on the NSE today. Check stock quote of Barak Valley Cements.
BVCL plant is the largest cement plant in the State of Assam due to its various strengths. BVCL also has a diversified and strong customer base consisting of individuals, contractors, builders, institutions and government agencies. The company got listed on the National Stock Exchange and Bombay Stock Exchange in November, 2007.
Cords Cable Industries
Shares of Cords Cable Industries rose more than 16 per cent to trade at Rs 69.30 on National Stock Exchange.
The stock also hit a new 52-week high on the NSE today. The reason for the sharp rally in the stock could not be ascertained.
Cords is in the business of providing cost-effective and quality solutions for various electrical connectivity requirements. Cords was established in 1987 by a group of industry professionals with an objective of catering to a growing requirement for high quality customized cables.
Shares in IZMO Limited was up 8.52 per cent and touched intra-day high of Rs 87.70 during trade.
The stock was last seen trading at Rs 56.70 on the NSE. Earlier, the company was called Logix Microsystems.
The company offers hi-tech automotive e-retailing solutions in U.S.A, Mexico, Europe, and Asia. The company is listed on the BSE and NSE, and has 53% investment from FIIs and Mutual Funds.
Smartlink Network was also among the major gainers in trade, jumping almost 10 per cent to trade at Rs 109.
Shares of the Smartlink surged after the company reported a rise in its net profit to Rs 3.19 crore.
Smartlink Network Systems Ltd. is one of India's leading networking company. The Company has a robust product portfolio and a nationwide reach through its network of national and regional distributors, resellers and system integrators.