Beaten down stocks rally; Godawari Power, Indiabulls Venture up over 15%
Tata Steel BSL, Indo Rama Synthetics, Hubtown, Aptech, HDIL and Manpasand Beverages were surging in the range of 15% to 20% on the BSE.
 "Beaten down stocks rally; Godawari Power, Indiabulls Venture up over 15%")
premium
Over a dozen beaten down stocks rallied by up to 20% on Wednesday after a two percentage point jump in mid and small-cap indices.
Tata Steel BSL (formerly Bhushan Steel), Indo Rama Synthetics (India), Godawari Power & Ispat, Indiabulls Ventures, Hubtown, Aptech, Housing Development & Infrastructure (HDIL) and Manpasand Beverages were trading higher in the range of 15% to 20% on the BSE.
D B Realty, Mohata Industries, Aditya Birla Fashion and Retail, Marathon Nextgen Realty, Fineotex Chemicals, Ansal Properties & Infrastructure, Goa Carbon, Indiabulls Real Estate and TVS Electronics were up between 10% and 13%. Most of these stocks have corrected more than 50% from their respective 52-week high level on the BSE.
At 02:18 pm; the S&P BSE Midcap index (up 2.13% at 14,982) and the S&P BSE Smallcap index (up 2% at 14,337) were each trading 2% higher, as compared to 1.3% rise in the S&P BSE Sensex. Around 150 stocks from the S&P BSE Allcap index were up more than 5% on Wednesday.
Given the recent state poll outcome, most experts expect more populist measures from the central and state governments ahead of the general elections. Analysts at Ambit Capital, for instance, expect the BJP to now provide tangible results of its crackdown on corruption and pump-prime the rural economy and the SMEs (small and medium enterprises). CLICK HERE TO READ FULL REPORT
Tata Steel BSL (formerly Bhushan Steel), Indo Rama Synthetics (India), Godawari Power & Ispat, Indiabulls Ventures, Hubtown, Aptech, Housing Development & Infrastructure (HDIL) and Manpasand Beverages were trading higher in the range of 15% to 20% on the BSE.
D B Realty, Mohata Industries, Aditya Birla Fashion and Retail, Marathon Nextgen Realty, Fineotex Chemicals, Ansal Properties & Infrastructure, Goa Carbon, Indiabulls Real Estate and TVS Electronics were up between 10% and 13%. Most of these stocks have corrected more than 50% from their respective 52-week high level on the BSE.
At 02:18 pm; the S&P BSE Midcap index (up 2.13% at 14,982) and the S&P BSE Smallcap index (up 2% at 14,337) were each trading 2% higher, as compared to 1.3% rise in the S&P BSE Sensex. Around 150 stocks from the S&P BSE Allcap index were up more than 5% on Wednesday.
Given the recent state poll outcome, most experts expect more populist measures from the central and state governments ahead of the general elections. Analysts at Ambit Capital, for instance, expect the BJP to now provide tangible results of its crackdown on corruption and pump-prime the rural economy and the SMEs (small and medium enterprises). CLICK HERE TO READ FULL REPORT
| Price in Rs | |||||
| Company | 1-year high price (Rs) | 1-year low price (Rs) | 11/12/2018 | LTP | % chg |
| Tata Steel BSL | 76.15 | 21.00 | 32.85 | 39.40 | 19.9 |
| Indo Rama Synth. | 57.50 | 15.65 | 17.35 | 20.80 | 19.9 |
| Indiabulls Vent. | 819.95 | 208.87 | 338.70 | 398.40 | 17.6 |
| H D I L | 69.05 | 17.55 | 20.85 | 24.50 | 17.5 |
| Aptech | 388.10 | 120.60 | 160.40 | 187.75 | 17.1 |
| Manpasand Bever. | 498.85 | 78.60 | 81.70 | 95.30 | 16.6 |
| Godawari Power | 623.00 | 182.20 | 258.80 | 301.35 | 16.4 |
| Hubtown | 166.85 | 35.90 | 38.30 | 44.20 | 15.4 |
| D B Realty | 85.95 | 15.90 | 22.90 | 25.90 | 13.1 |
| Ansal Properties | 36.20 | 9.65 | 10.26 | 11.50 | 12.1 |
| Fineotex Chem | 106.05 | 29.60 | 36.15 | 40.00 | 10.7 |
| Marathon Nextgen | 334.75 | 96.25 | 101.20 | 111.95 | 10.6 |
| Mohota Indust. | 434.00 | 58.00 | 62.20 | 68.60 | 10.3 |
| Alankit | 88.65 | 16.95 | 19.05 | 21.00 | 10.2 |
| Aditya Bir. Fas. | 215.55 | 132.15 | 183.75 | 202.30 | 10.1 |
| Indbull.RealEst. | 263.65 | 68.65 | 71.55 | 78.70 | 10.0 |
| Goa Carbon | 1215.40 | 399.80 | 473.35 | 520.65 | 10.0 |
| Avadh Sugar | 1117.95 | 265.00 | 365.45 | 401.95 | 10.0 |
| TVS Elec. | 557.00 | 174.00 | 177.85 | 195.60 | 10.0 |
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%