The Indian benchmark indices closed mild in the green amid weak Asian markets and mixed global cues. The BSE Sensex closed at 62,294, giving up the 63,000 level but ended 20 points or 0.03% higher. While the NSE Nifty ended at 18,512, up 28.65 points or 0.15%.
While the markets made a new high, here are some stocks that gained the most this week:
UCO Bank
The shares of UCO Bank limited started the week at Rs 15.25 and during the week it zoomed by approximately 38 per cent to end at Rs 20.75 on Friday. In the span of a month, the stock has gained approximately 58 percent. Post a strong Q2 result, the stocks saw a huge surge in trading volumes leading to high gains.
FINO Payments Bank Ltd
The shares of FINO Payments Bank started the week at Rs 185 and during the week it zoomed by approximately 37 percent to end at Rs 253 on Friday. While in the span of a month, the stock has gained approximately 28 percent. Reports of converting the lender into a small finance bank (SFB) along with multiple block deals led to the stock rise.
Easy Trip Planners Ltd
The shares of Easy Trip Planners started trading at Rs 48.83 a piece and zoomed by approximately 32 percent in five days to end the week at Rs 64.95. The stock price has been adjusted as to the recent Split and Bonus issue of shares by the company.
RHI Magnesita India Ltd
The shares of RHI Magnesita India started trading at Rs 633 a piece on Monday. During the week the stock zoomed by approximately 23 percent and ended at Rs 772 on Friday. In a major development, the company announced that it is in the process to acquire the refractory business of Dalmia Bharat Refractories Limited (DBRL) in India for about Rs 1,708 crore.
PB Fintech Ltd
PB Fintech Ltd’s shares were trading at Rs 383 levels on Monday. During the week it zoomed by approximately 22 percent and ended the week at Rs 458. One of the major reasons for the movement of the stock has been multiple block deals.
Written by Anoushka Roy
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
