The week saw massive gains in the capital market and spike in number of stocks especially in Automobile sector which witnessed surge in interest due to turnaround by a number of players. Both automobile and auto ancillary stocks witnessed massive gains during the week.
Out of top 10 volume momentum index stocks seven were from Nifty500 and remaining three were from Nifty250 index. Stocks from automobile sector dominated top ten with three stocks followed by Metals and Industrial Manufacturing which had two stocks each in the list.
Shanthi Gears Ltd (NSE: SHANTIGEAR) was the topmost stock in terms of volume momentum. The stock gained 9059% in terms of traded volume during the week. SHANTIGEAR stock price also gained 15% during the week. It rose to Rs 113 from Rs98 in the beginning of the week. Vesuvius India (NSE: VESUVIUS) gained over 5900% in terms of traded volume of stocks during last week. VESUVIUS stock price though witnessed minor gains during the week. It gained only 4% during the week and closed at Rs 904 up from Rs 867.
Crompton Greaves Consumer Electricals (NSE: CROMPTON) was the third best index stock in terms of weekly volume gains. CROMPTON stock volume gained 1928% during the week. Stock price of CROMPTON also witnessed spike and it delivered 8% gains. CROMPTON stock price rose to Rs 302 from Rs 280.
Polycab India (NSE: POLYCAB) was the other industrial manufacturing stock in the top ten. POLYCAB stock witnessed over 1700% spike in its traded volumes. The stock delivered 9% gains in its stock price during the week. POLYCAB rose to Rs 879 from Rs 808.
Aditya Birla Fashion and Retail (NSE: ABFR) witnessed massive spike in traded volumes which was also due to sale of stake in the company. ABFR stock delivered highest price gains during the week as it gained 18%. ABFR stock rose to Rs 165 from Rs 140.
Mercator Ltd (NSE: MERCATOR) witness over 1300% spike in its traded volumes. MECATOR stock delivered 7% price gains during the week. INDIAN METALS & FERRO ALLOYS (NSE: IMFA) was another metal stock that gained most during last week. IMFA stock delivered 10% price gains. The stock rose to Rs 249 from Rs 226.
Asahi India Glass Ltd (NSE: ASAHIINDIA) was another automobile stock that gained most during the week. The stock witnessed 1000% gain in its traded volumes and its stock price spiked by a meager 3%. Federal-Mogul Goetze India (NSE: FMGOETZE) was one of two stocks that witnessed negative momentum. FMGOETZE stock price sank by 10% during last week. The stock closed the week at Rs 290 down from Rs 322. Entertainment Network India (NSE: ENIL) was the other stock in the top ten list that witnessed negative momentum. The stock ended week down by 3%.