Nifty Top 10: BAJAJELEC, KARURVYSYA, MAHLIFE, PRAJIND & Other Gainers
Last week Indian capital markets kept its momentum and closed the week on a high note post monetary policy announcement. Markets soared back to high levels it scored earlier in January. A number of stocks listed on NSE witnessed both volume and price momentum. Only a number of shares with both high volume momentum and price momentum made it to the list of top ten. Nifty500 stocks dominated the list with six out of ten places and remaining stocks were from Nifty250. Top ten list was dominated by Consumer Goods and Financial Services stocks besides Industrials and Energy companies. List of Top 10 has BAJAJELEC
Data Source: NSE
Bajaj Electricals (NSE: BAJAJELEC) was the topmost Nifty stock both in terms of volume and price momentum. BAJAJELEC registered spike of 2551% in its traded volume during the week. BAJAJELEC delivered price returns of 28% during the week. It stock price rose to Rs 922 from Rs 721.
Karur Vysya Bank ( NSE: KARURVYSYA) witnessed 1438% spike in the traded volume of the stock during the week. KARURVYSYA delivered 25% price returns during the period. Its stock price rose to Rs 53.5 from Rs 42.95. Mahindra Lifespace Developers (NSE: MAHLIFE) saw 1235% surge in the traded volumes of the stock. It delivered 17% price gains during the week. Its stock price rose to Rs 454 from Rs 389.
Praj Industries (NSE: PRAJIND) was at the bottom of the list in terms of volume momentum. Its stock witnessed only 387% spike in the traded volumes during the week. But, PRAJIND delivered 17% price returns during the week. PRAJIND stock rose to Rs 133.5 from Rs 114.5. Graphite India (NSE: GRAPHITE) registered just 446% spike in its traded volumes but delivered 16% price returns during the week. GRAPHITE stock price rose to Rs 359 from Rs 310.
Gujarat Industries Power Company (NSE: GIPCL) and Central Bank Of India (NSE: CENTRALBK) managed to deliver 9% price returns during the week.
Relaxo Footwears (NSE: RELEXO) registered 502% spike in the traded volumes of the stock and delivered 7% price returns during the week.
Two consumer goods stocks Gillette India (NSE: GILLETTE) and VST Industries (NSE: VSTIND) delivered 2% and 3% price gains during the week.