Markets were in a buoyant mood with HDFC Bank and Sun Pharma leading the rally on the Nifty today. However, some stocks apart from the Nifty stocks surged a huge 20 per cent. Take a look.
Capri Global Capital
Shares in Capri Global surged 20 per cent and was locked at the upper end of the circuit filter. The stock saw only buyers in trade at Rs 47.15. There were a large quantity of nearly 40,000 shares to be bought. One could not ascertain the reasons for the sharp jump in the share price of the company. Capri Global is an NBFC registered with the RBI. Check stock quote of Capri Global here
Vista Pharmaceuticals was another stock that saw sharp gains in trade. The stock like Capri Global was locked at the upper end of the circuit filter with only gainers in the counter. The shares were frozen at Rs 24 on the BSE. Vista Pharmaceuticals is a pharma company that offers over the counter & prescription generic drug products consisting of tablets, capsules and liquids covering various therapeutics. Check stock quote here
This was another stock that hit the 20 per cent circuit filter limit. There was no notice that was given to the exchanges and hence the reason for the jump in the share price could not be known. The share price of the company was frozen at Rs 22.6 on the BSE.
Benaras Beads also hit the upper end of the circuit filter and was frozen there. Like all of the above mentioned there were heavy buyers in the counter with the stock frozen at the upper end of the circuit filter.
Pharma stocks were in the limelight today and so was Parenteral Drugs. The stock was up 15 per cent in trade at Rs 25.75. There were heavy volumes in the counter.
From the index stocks HDFC Bank surged as much as 7 per cent in trade in early morning after the RBI allowed FIIs to buy shares of the bank. However, following this there was some selling in the shares and the shares were up just 3 per cent at Rs 1372.
Sun Pharma was another index stock that gained today. Most pharma stocks were in the limelight after reports that Cadilla had resolved some issues with the FDI. Sun Pharma was up 3 per cent at rs 669 on the NSE.