Benchmark indices made a gap-up start on Wednesday tracking strength across global markets. The thirty share index (BSE Sensex) opened at 61779.70 points, up 0.59%, while the fifty share index (Nifty 50) opened at 18325.20 points, up 0.44%.
Here are a few shares that gained more than 10% as the markets edged higher:
Edelweiss Financial Services Ltd.
Edelweiss Financial Services is a leading financial services company that provides investment banking and other financial services like life insurance, mutual funds, stock broking, and housing finance.
Its share price gained 13.47% to reach an intraday high of ₹ 67.80. They were trading at ₹ 66.25 apiece and 1.52 crore shares changed hands by 12:22 PM on Wednesday.
Rashtriya Chemicals & Fertilizers Ltd.
The government owns a 75% stake in this public sector undertaking (PSU). The company manufactures and markets fertilizers and industrial chemicals.
Its shares gained 14.28% to reach an intraday high of ₹119.20. Its shares were trading at ₹ 118.40 apiece and 3.92 crore shares changed hands by 12:32 PM on Wednesday.
TCNS Clothing Co. Ltd.
TCNS Clothing Co. is a leading exclusive women’s ethnic/fusion apparel company that provides fashion in a modern retail environment.
Its shares gained 10.90% to reach an intraday high of ₹ 621.80 apiece. They were trading at ₹ 598.20 at 12:36 PM. There were reports about big names like Reliance retail and Nykaa eyeing promoter’s stake in the company, after which its share price started to increase.
RHI Magnesita India Ltd.
The company manufactures and markets special refractory products, systems and services to the steel industry in India and globally.
Its shares gained 13.25% to reach an intraday high of ₹ 798.00. They were trading at ₹ 792.80 apiece at 12:42 PM. The company had announced the acquisition of the Indian refractory business of Dalmia Bharat Refractories Limited for ₹ 1,708 crore.
Written by Simran Bafna
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