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Stocks That Surged Upto 30% This Week
Markets ended the week slightly lower, the 30-share benchmark index ended trade lower by 45.07 points to end at 28,061.14; Nifty ended at 8,697.60 down by 11.95 points.
However, there were many stocks that surged this week. Here are stocks that gained up to 30 per cent in trade.
Gitanjali Gems
Gitanjali Gems jumped 38 per cent in trade this week, which is remarkable given that the markets fell.
The shares of the company which started the week at Rs 61.70 on Monday, ended the week at Rs 83.55. That is a remarkable jump.
Gitanjali Group is one of the largest branded jewellery retailers in the world. It is headquartered in Mumbai, India.
Atlas Cycles
This is another stock that has rallied this week, as much as 30.53 per cent. Shares in Atlas Cycles closed at Rs 332 on the NSE, another sterling performance. The shares of the company which started the week at Rs 257 on Monday.
Atlas is proud to be one of the top bicycle producing companies in the world, with a capacity to produce 4 million bicycles per year. Today, Atlas has earned not only brand loyalty but also millions of satisfied customers in India and abroad.
Tourism Finance
Tourism Finance was another stock that jumped and closed at 35 per cent, during the week. The stock ended the week at Rs 65.35 from Rs 48.50on the NSE.
Shares of Tourism Finance Corporation of India rose Wednesday's trade after ET reported, that the Insync Capital Partners bought shares in the company. Insync Capital has ace investor Rakesh Jhunjhunwala and his wife Rekha among its designated partners.
IGPL
IG Petrochemicals Ltd another company that has seen a superb week. This was another stock that ended 24.09 per cent higher at Rs 240.
IGPL commenced production in the year 1992 with a view to become one of the leading players in the petrochemicals industry. Today, we are the largest producer of PAN in India.
I G Petrochemicals Ltd. (IGPL) is an established market leader in Phthalic Anhydride (PAN) with strong recognition and excellent plant facilities of international standards.
JK Paper
The stock ended higher by 21 per cent this week. The shares ended at Rs 76.30 from 63.35 on Monday.
JK Paper has two large integrated paper manufacturing units - JK Paper Mills, Rayagada, Odisha and Central Pulp Mills, Songadh, Gujarat with a combined capacity of 4,55,000 TPA.
It is the market leader in Branded Copier paper segment and among the top two players in Coated Paper and high-end Packaging Boards.
HCL Infosystems Limited
HCL Infosystems rallied as much 23 per cent during the week. Shares in HCL Infosystems closed at Rs 52.90 on the NSE.
HCL Infosystems is one of India's premier IT Services, Distribution and Digital Solutions Company enabling our client organizations attain and sustain competitive advantage by leveraging Information and Communication Technologies.
