Price momentum shares trend based on weekly performance
Top five shares which have performed consistently over period of eight weeks have delivered positive price returns on 7-8 weeks, Karda Constructions(NSE: KARDA) is the stocks that has consistently delivered positive returns during past 8 weeks and is the most consistent performer for Jan-Feb period.
Alkyl Amines Chemicals, M&M Finance, Pudumjee Paper Products and Power Finance Corporation are other four stocks which have consistently delivered positive price returns for seven weeks and turned negative for only one week. M&M Finance (NSE: M&MFIN) is the only large listed company to feature in the top five.
KARDA stock price has risen 38% during last eight weeks from Rs 110 to Rs 152 on 20 Feb, but is not the topmost share in terms of price return. ALKYLAMINE is the second topmost performer in terms of price return consistency by delivering positive returns on seven out of eight weeks but in terms of price rise it surpassed KARDA by high margin. ALKYLAMINE price has risen by 53% during last eight weeks.
M&MFIN and PDMJEPAPER delivered almost similar performances during this period, both stocks delivered positive returns on seven out of eight traded weeks and their stock price rose between 19%–21%.