Nifty Top10: GILLETTE, JBFIND, ELGIEQUIP & Other Top Gainers
Indian capital markets continued to scale new heights and traders continued to book profit every week as the markets continue its conquest. A number of shares gained momentum in terms of volume of stock traded. Nifty top ten stocks comprises of some of the highest volume gainers during the week or last five trading session. Last week stocks from Nifty500 index dominated the list with seven out of ten stocks followed by two stocks from Nifty250 and a single stock from Nifty50 index.
Top ten was dominated by Energy sector and also include stocks from various sectors including Automobile, Industrials and Manufacturing.
Data Source: NSE
Allcargo Logistics (NSE: ALLCARGO) was the topmost Nifty stock in terms of volume momentum during last five trading sessions. ALLCARGO witnessed 1469% spike in the traded volume. ALLCARGO delivered 7% price returns during the week. It grew to Rs 139.5 from Rs130. Gillette India (NSE: GILLETTE) witnessed 1106% spike in the traded volume of stock. GILLETTE delivered a price gain of meagre 2% during the week.
JBF Industries (NSE: JBFIND) witnessed just 174% spike in the traded volumes but delivered highest price gains during the week. JBFIND stock delivered 33% price gains as the stock went up to Rs10.15 from Rs7.65. ELGI Equipments (NSE: ELGIEQUIP) also witnessed just 268% spike in the traded volume of stocks but delivered 16% price returns. ELGIEQUIP stock went up to Rs 156 from Rs 135.
Oil & Natural Gas Corporation (NSE: ONGC), Hindustan Oil Exploration Company (NSE: HINDOILEXP) and Oil India (NSE: OIL) were three energy stock in the top ten list. Both ONGC and HINDOILEXP delivered 5% price returns during the week. OIL managed to deliver just 1% price gains during the week despite 176% spike in the traded volumes.
BEML Ltd (NSE: BEML) registered 193% spike in the traded volume during the week but delivered 5% price gains. BEML stock rose to Rs 770.65 from Rs731.8. Apollo Tyres (NSE: APOLLOTYPRE) delivered 3% price returns during the week, it rose to Rs 192 from Rs 186. HT Media (NSE:HTMEDIA) delivered just 2% price returns during the week.