The Indian stock market on Monday started deep in the red as it reacted to US Federal Reserve’s Chair Jerome Powell’s speech. The Sensex plunged more than 1300 points or 2.23 per cent to open at 57524.27. In a similar manner, the NSE Nifty opened at 17181.90 points, down by 377.00 points or 2.15 per cent.
During the week the markets remained volatile. On Friday, the indices ended the week on a flat note. The BSE Sensex was up 36.74 points or 0.06% at 58,803.33, and the Nifty50 was down 3.30 points or 0.02% at 17,539.50.
Amid the volatility here are the top five stocks that gained up to 45 per cent in just four trading sessions:
Mazagon Dock Shipbuilders Limited
The stock was trading at Rs 354 a piece on NSE. During the week it gained more than 12 per cent. On Friday, the stock closed at Rs 398. In a year, the stock has delivered a return of approximately 57 per cent.
Mazagon Dock Shipbuilders Limited manufactures warships and submarines for the Indian Navy and offshore platforms and associated support vessels for offshore oil drilling.
Escorts Kubota Limited
The shares of the company were trading at Rs 1,848 on Monday and gained more than 12 per cent during the week. On Friday, the stock reached its new 52-week high of Rs 2,089.35 during the day and closed at Rs 2,071.
Escorts Kubota Limited is an auto company that operates in the sectors of agricultural machinery, construction machinery, material handling, and railway equipment.
Poly Medicure Limited
The stock started the week at Rs 768 levels and gained almost 18 per cent. On Friday, the shares closed at Rs 903. It has been volatile and in a year it has shed almost 5 per cent.
Poly Medicure Limited is an India-based manufacturer and exporter of medical devices. The Company exports plastic medical disposables/surgical devices.
EIH Limited
The shares of the company were trading at Rs 158 levels at the start of the week. In four trading sessions, the stock gained approximately 20 per cent. On Friday, it reached its new 52-week high of Rs 191.50 and closed at the same level.
EIH Limited owns and manages premium luxury hotels and cruisers under the luxury Oberoi, Trident, and Maidens brands. It is also engaged in flight catering, airport restaurants, project management, and corporate air charters.
Tata Teleservices (Maharashtra) Limited
On Monday, the shares started the week by trading at Rs 91.90 and during the week they gained approximately 45 per cent. On Friday, the stocks closed at Rs 133 a piece on NSE. In a year the stock has delivered a multibagger return of 274.02%.
Tata Teleservices (Maharashtra) Limited, part of the Tata group, is engaged in the business of Wired and wireless telecommunications activities.
Written by Anoushka Roy
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