The markets were largely higher in trade today as crude oil prices fell. Sentiments were positive despite Asian markets dropping in trade. Here are select stocks that jumped in trade today.
Max Ventures was the top gainer in trader today, rallying a huge 15 per cent. This is after the company confirmed that it would sell a 22.5 per cent stake to a subsidiary of New York Life Insurance. The offer price for the stake sale has been fixed at Rs 78. The Board of MaxVIL also proposed an allotment of share warrants to the promoter group equivalent to 4.76% of the post issue capital.
The stock of Max Ventures jumped to Rs 77.15.
This was another stock that had an almost identical jump and was up 15 per cent in trade at Rs 129.45. It was difficult to ascertain the reason for the jump. There were also huge volumes in the counter. The Company has diverse interests in Tea, Aviation and Hospitality.
Shares in Oudh Sugars rallied almost 11 per cent. The rally was largely on the back of heavy volumes. The shares jumped on a firming in prices of sugar. Oudh Sugar shares were last trading at Rs 41 on the NSE. The company has in the past few quarters been reporting good numbers on the back of an increase in sugar prices.
This was another stock that jumped in trade, largely on the back of better sugar prices. However, the jump was marginally lower then that of Oudh at around 8 per cent. The stock was last seen trading at Rs 78 on the NSE. Sugar stocks have been on a roll in the last few quarters on a sharp turnaround in performance.
Shares in Gini Filaments were higher by 9 per cent at Rs 26.50. There was no notice sent to the exchanges to ascertain the reasons for the jump. India. Ginni Filaments is a player in the textile business that manufacturers carded and combed, open-end and ring spun, single and two-ply ultrafine cotton yarns.
Mukand Engineers too rallied 8 per cent on the back of strong volumes. the stock was last trading at Rs 37.40 on the NSE, which was up 9 per cent over the previous days close. Mukand Engineers formerly know as Mukand Ltd has built expertise in wide areas of project construction covering civil, structural, mechanical, piping ,electrical and instrumentation works.
Webel Energy System
Webel Energy System was up 9 per cent in trade as investors bought heavily into the stock. There were no notices that were sent to the exchanges.
The stock was last trading at Rs 46 on the NSE.