Markets were mostly range-bound, even as the Sensex managed to end lower below the 28,000 points mark. Select stocks rallied in trade, gaining as much as 40 per cent. Here are stocks that were star performers this week.
Thirumalai Chemicals rallied as much as 40 per cent on the back of solid buying support. The stock ended the week higher at Rs 871, on the National Stock Exchange. Thirulamalai Chemicals is engaged in the manufacturer of many critical Industrial Chemicals like Maleic Anhydride, Fumaric Acid and Malic Acid and various Fine Chemicals and Derivatives. The company initially started with the manufacturer of Phthalic Anhydride. There could be some profit booking in the stock after the stupendous rally and investors would do well to avoid the stock.
ADF Foods is another stock that rallied, but, not as much as 40% like Thirumalai. In fact, it gained 30 per cent in trade this week.
ADF Foods was formerly known as Americal Dry Fruits and manufacturers a host of food items from pickles to pasta sauces. The company has very popular brands including the likes of Ashoka, Soul, PJ's, Nates, Camel and Aeroplan.
The stock of ADF last closed at Rs 173.60. There was some profit booking in the stock on Friday.
Mahamaya Steel was another share that saw an excellent week. The stock ended the week at Rs 219, a jump of 17 per cent during the week. The company manufactures steel structures in the shape of Angles, Beams, Joist, Channels, Rounds, Flats, Railway sleepers etc. It has high capacity structural rolling mills with full fledged supportive SMS.
Also called I G Petrochemicals, the company is a established market leader in Phthalic Anhydride (PAN) with strong recognition and excellent plant facilities of international standards.
The stock of IGPL jumped as much as 23 per cent this week and ended at Rs 289 on the National Stock Exchange.