Indian markets rose sharply during the last hour of trade on Wednesday. The benchmark indices ended at six months closing high, led by FMCG and IT shares. India’s market capitalization hit the $ 3.5 trillion mark for the first time since December 01, 2022.
Meanwhile, here are a few stocks that gained 20% and got locked in an upper circuit:
QMS Medical Allied Services Ltd.:
The company is engaged in the marketing and distribution of a wide range of medical products as well as medical education services. Its products are sold under the brand name “QDevices” and they also manage the distribution for other brands such as 3M, Heine, Rossmax, and so on.
QMS Medical’s shares opened at ₹ 121.50 apiece on Wednesday and continued to gain and hit the 20% upper circuit by 11:35 AM. Its shares closed at ₹ 148.20 apiece on Wednesday.
Palash Securities Ltd.:
Palash Securities is primarily engaged in investing and dealing in securities and immovable properties. Moreover, it has a presence in the food processing business through one of its subsidiaries.
The company’s shares opened at ₹ 102.00 apiece and gained 20% by 11:AM to get locked at ₹ 119.40 apiece.
Alkali Metals Ltd.:
Alkali Metals Limited manufactures a variety of products ranging from sodium derivatives, pyridine derivatives, fine chemicals and pharmaceutical APIs, and so on.
The company’s shares opened at ₹ 117.75 apiece on Wednesday and gained nearly 20% by 02:00 PM to get locked at ₹ 132.15 apiece.
Orissa Bengal Carrier Ltd.:
The company is engaged in transportation & logistics. The main business activity of the co. is full truck load transport service wherein co. does transport the consignment by road all over India.
The company’s shares opened at ₹ 52.80 apiece on Wednesday and gained nearly 20% by 12:30 PM to get locked at ₹ 62.20 apiece.
Written By Simran Bafna
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