Here are stocks that gained up to 20 per cent in trade, despite a fall in the markets.
Markets were trading with losses, as banking shares saw some selling pressure today. However, there were select stocks that gained upto 20 per cent in trade. Here are select stocks that saw huge buying interest in trade.
Revathi Equipment
Shares in Revathi Equipment hit the upper end of the circuit filter after the company reported a superb set of earnings. In fact, the stock was locked at the upper end of the circuit filter with gains of 20 per cent and only buyers on the NSE at Rs 835.80. The company reported a jump in net profits to Rs 13.33 crores for the period ending December 31, 2016, from a loss of Rs 1 crores in the quarter earlier. Revathi Equipment is a pioneer in manufacturing blast hole drills and water well drills for various applications like mining, construction, water well, exploration, etc. The company has manufactured & sold over 1000 drillings rigs worldwide.
Shreyas Shipping & Logistics Limited
Shreyas Shipping & Logistics was another company that saw its share locked at the upper end of the circuit filter jumping as much as 20 per cent. There were only buyers in the stock at Rs 287.85. Again, the stock was on a high following a superb set of quarterly numbers. Shreyas Shipping & Logistics, the Indian flagged vessel owning unit of Transworld Group, is a pioneer and market leader in domestic coastal container shipping. Check Shreyas Shipping Stock Quote
ITDC
Shares in Indian Tourism and Development Corporation (ITDC) jumped almost 16 per cent in trade . The stock was last quoting at Rs 418. The India Tourism Development Corporation Limited (ITDC) is an Hospitality, retail company owned by the Government of India, under Ministry of Tourism. Established in 1966, it owns over 17 properties under the Ashok Group of Hotels brand, across India. There was also a sudden spurt in volumes on the stock.
SKM Egg Products Export (India) Limited
SKM Egg Products Export (India) was up 16.81 per cent at Rs 81.50. It was difficult to ascertain the reasons for the jump in the share price. SKM is an integrated quality manufacturer and supplier of egg products in the international market. The company is also integrated backwards and has a poultry farm. Again, the stock was trading with excellent volumes.
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