The Indian equity benchmarks BSE Sensex and NSE Nifty50 opened at record highs on Thursday amid positive cues from global markets. The BSE Sensex scaled to a record high for the sixth consecutive session, crossing the 63,500 level. While the NSE Nifty also touched a fresh high above 18,850 at 18,874.
With markets making new highs, here are 4 stocks that have gained more than 10% in the early hours on Thursday:
Network 18 Media & Investments Ltd
The shares of Network 18 Media & Investments opened at Rs 69.45 on Thursday and gained more than 10 percent in the early hours to reach an intra-day high of Rs 76.20. In the past five days, the stock has gained approximately 24 percent. The stock is trading at a discount of 34 percent from its 52-week high of Rs 117.50.
Network18 Media & Investments Limited is an Indian media conglomerate owned by the Mukesh Ambani-led Reliance Industrie.
Timken India Ltd
The shares of the company started trading at Rs 3,345 on Thursday and gained 10 percent to reach an intra-day high of Rs 3,689. In the span of a month, the stock has gained approximately 29 percent. In a year, it has zoomed by 80 percent. The shares are trading near their 52-week high of Rs 3,758.
Timken India Ltd is engaged in the manufacturing, distribution, and sale of anti-friction bearings, components, accessories, and mechanical power transmission products for the customer base across different sectors.
Hatsun Agro Products Ltd
The shares started the trading session at Rs 904 levels and gained as much as 10 percent in the early hours to reach a high of Rs 995. The stock has been declining and has shed approximately 27 percent in a year.
Hatsun Agro Product Ltd often referred to as Hatsun, is a leading private-sector dairy company in India. It owns the famous brand ‘Arun Icecreams’. It also manufactures Cattle Feed and ready-to-eat products.
TV18 Broadcast Ltd
The shares of the company gained as much as 10 percent to reach a high of Rs 41.25 in the early hours on Thursday as against its opening price of Rs 37.45. In the past month, the stock has gained approximately 18 percent.
TV18 Broadcast Limited is an Indian media company and a subsidiary of Network18 Group. It owns and operates various national channels in separate partnerships such as CNBC TV18, CNBC Awaaz & CNBC-TV18 Prime Hd among others.
Written by Anoushka Roy
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