Benchmark indices climbed for the second consecutive trading session on Wednesday, lifted by metal and financial stocks. In addition, FII buying boosted sentiments on D-Street. The BSE Sensex closed for the day at 61045.74 points, up 0.64%, while the NSE Nifty 50 settled at 18,165.35 pints, up 0.62%
Here are three stocks that hit the 20% upper circuit amid a strong market:
Kohinoor Foods Ltd.
Kohinoor Foods Ltd. offers an extensive range of basmati rice, ready-to-eat curries & meals, readymade gravies, frozen bread, and other edibles. Established in the year 1989 it is a household name in the UK, USA, UAE, Canada, Australia, Middle East, Singapore, Japan, Mauritius & other European countries.
The company’s share price increased to ₹ 66.00 on Wednesday against its closing price of ₹ 55.00 on Tuesday and hit the 20% upper circuit. It has a market capitalization of ₹ 204 crores and is a microcap company. Its shares have given multibagger returns of 751% in the past year.
Alpa Laboratories Ltd.
Alpa Laboratories is engaged in the manufacturing of pharmaceutical finished dosage forms since 1967. Its product portfolio includes various human and veterinary pharmaceutical products in various forms such as capsules, creams, gels, ointments and so on.
The company’s share price increased to ₹ 72.20 apiece against its closing price of ₹ 60.20 on Tuesday, and hit the 20% upper circuit. It has a market capitalization of ₹ 127 crores and is a microcap company.
GCM Capital Advisors
GCM Capital Advisors is in the business of financing, trading and investments in equity shares and commercial papers. It provides financial advisory and consultancy services and is engaged in treasury operations by providing funding solutions to clients.
The company’s share price increased to ₹ 4.50 apiece against its closing price of ₹ 3.75 on Tuesday and hit the 20% upper circuit. It has a market capitalization of ₹ 6.35 crores and is a microcap company.
Written by Simran Bafna
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