KESORAMIND, KRBL, NCC deliver Volume & Price Gains in falling Market
In midst of chopping trading during the last week, a number of stocks still managed to deliver both positive volume momentum and price returns, though it was largely not the case with every stock in top ten.
Top Ten Volume Momentum was dominated by stocks of Nifty500 followed by Nifty250 and sole representation of Nifty100 & Nifty50 stocks. BPCL was the only Nifty50 stock in the top ten list. Sectoral composition was diverse as stocks from eight sectors constituted top ten.
Eris Lifesciences (NSE: ERIS) was the top performing stock, it gained 2259% during last five trading sessions. Varun Beverages (NSE: VBL) and Redington (India) Ltd (NSE: REDINGTON) were other two topmost performing stocks but they failed to deliver any positive price returns during the week. VBL share price declined by just -0.3% during the week but REDINGTON fell by 2% during the week.
NCC Ltd (NSE: NCC) was the stock that delivered highest price returns during the week, the stock witnessed just 190% spike in volumes during the last week but managed to deliver 2% positive price returns during the week despite significant losses in the market. KRBL Ltd (NSE: KRBL) also managed to deliver 2% price gain during the week despite a meagre volume momentum of 177% during the week.
A few shares such as Kesoram Industries (NSE:KESORAMIND) and Patel Engineering (NSE: PATELENG) barely managed to stay afloat during the week despite tremendous volume momentum. Their price rise during the week was just above the closing price during the beginning of the week.
Marico Ltd (NSE: MARICO) was the only Nifty100 stock in the list, the stock delivered negative price returns of 2% during the week.