Despite swing in the market due to US Fed rate announcement, some of the stocks managed to defy the negative trend in the market and managed to close the week on positive price gain note. There were ten stocks which despite selling pressure managed to deliver 14% to 76% price gains during the week. All of the stocks were form Nifty500 index.
SREI Infrastructure Finance (NSE: SERINFRA) was an absolute outlier as it managed to gain 76% during the week and none of the stocks managed to close in. SERINFRA stock price grew to Rs 14.5 from Rs 8.25. Patel Engineering (NSE: PATELENG) was also the sole stock to deliver 34% price gains.
There were three reliance stocks from two group companies in the top ten. Reliance Industrial Infrastructure (NSE: RIIL) delivered 23% price gains, while Reliance Capital (NSE: RELCAPITAL) delivered 21% price returns during the week. Defunct Reliance Communications (NSE: RCOM) managed to deliver 18% price gains during the week.
HCL Infosystems (NSE: HCL-INSYS) was the only technology stock in the list it managed to deliver 20% price gains. HCC stock also delivered 20% price gains during the week.
JPPOWER and GAMMNINFRA stocks delivered 19% price gains during the week.
CARE Ratings (NSE:CARERATING) was another financial services stock in the top ten list, it managed to deliver 14% price returns during the week.