NIFTY Top10: ADANIPOWER, SIMPLEXINF, SCHAEFFLER & Other Momentum Stock
Indian capital markets continued to surge and scale new heights during last week. A number of Nifty stocks not only swelled in terms of traded volume but also price of the stocks. list of Top10 includes ADANIPOWER, SCHAEFFLER & others.
Data Source: NSE
Nifty top ten volume momentum stocks for the week comprised of stocks from Nifty50, Nifty250 and Nifty500 indices. Stocks fron Nifty500 dominated the list as the accounted for six out of ten stocks. Nifty250 stocks accounted for three positions and Nifty50 had a sole representation.
Adani Power (NSE: ADANIPOWER) was the topmost performer both in terms of volume and price gains. ADANIPOWER registered 6180% spike in the traded volume during last week. The stock delivered stunning price returns of 56% during the week. ADANIPOWER stock rose to Rs 59.7 from Rs 38.35. Schaeffler India (NSE: SCHAEFFLER) registered 913% spike in the traded volume of stock during the week. SCHAEFFLER delivered the second highest price gains during the week. The stock delivered 36% price returns during the week. It rose to Rs 3920 from Rs 2891. Simplex Infrastructure (NSE: SIMPLEXINF) registered 989% spike in the traded volume of the stock. SIMPLEXINF stock delivered 25.3% price gains during the week. Its stock price rose to Rs 40.35 from Rs 32.2.
NCC ltd (NSE: NCC) and Dewan Housing Finance Corporation (NSE: DHFL) both delivered 21% price returns during the week. DHFL stock registered 3626% spike in the traded volume during the week. Its stock price rose to Rs 32.8 from Rs 27.05. NCC registered only 462% spike in the traded volume during the week but delivered 21% price returns. Its stock price rose to Rs 51.85 from Rs 42.9.
GHCL Ltd (NSE: GHCL) registered 1543% spike in the traded volumes of the stock during the week. GHCL delivered 19% price returns during the week. Its stock price rose to Rs 204 from Rs 172. Asahi India Glass (NSE: ASAHIINDIA) delivered 10% price gains on volume spike of 555% during the week.
Motilal Oswal Financial Services (NSE:MOTILALOFS), Hathway Cable and Datacom (NSE: HATHWAY) & UltraTech Cement (NSE: ULTRACEMCO) delivered price returns of 6%,9% and 5% respectively during the week.