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PNC Infra, Godfrey Phillips, Just Dial: 18 stocks up over 10% in three days

Gains in the mid-cap and the small-cap indices have been impressive with both these indices moving up 2.2 per cent and 2.4 per cent respectively in the last three sessions

Puneet Wadhwa  |  New Delhi 

PNC Infra, Godfrey Phillips, Just Dial: 18 stocks surge over 10% in 3 days

It has mostly been a one-way street for the thus far in the current week with the S&P rallying nearly 3 per cent in the last three sessions. Gains in the mid-cap and the small-cap indices have been equally impressive with both these indices moving up 2.2 per cent and 2.4 per cent respectively during this period.

However, gains in some individual stocks have been sharper. A quick check on the stocks in the 500 index suggests 18 stocks have given a double-digit return during this period. Manpasand Beverages is the top gainer that has zoomed nearly 28 per cent in the past three sessions, ACE Equity data show.

Himatsingka Side, Bombay Dyeing, CG Power & Industrial Solutions, Adani Green, and Gujarat Gas are some of the other stocks that have moved up 13 per cent to 21 per cent, data show.

Most analysts remain bullish on the mid-cap segment and believe this segment represents India growth story more powerfully than their large-cap peers.

"We see great opportunities in select mid-cap pockets after the recent correction. I want to make a point here that notwithstanding the recent underperformance over five to 10 year scale, midcaps have reasonably outperformed their large-cap peers. This is understandable, as the ‘India growth story’ is much more compelling now than rest of the globe, and it is expected to remain that way in foreseeable future," said Saibal Ghosh, CIO at Ageon Life Insurance in a recent interview to Business Standard.

Adding: "The mid-cap story will play out again once the cost of funds at which these companies borrow to fund their business comes down from the current levels." READ THE FULL INTERVIEW HERE

Meanwhile, Astral Poly Technik, Bajaj Holdings, Bata India, CreditAccess Grameen, Divi’s Laboratories, Gujarat Flurochemicals, Havells India, Info Edge (India), Muthoot Finance, PI Industries and Vinati Organics from the Nifty 500 index also hit their respective new high on Tuesday.

ALSO READ: 5 Nifty Midcap 100 stocks that can rally up to 10% in near term

Shares of India surged 11 per cent to Rs 1,042, hitting a 52-week high of the in intra-day trade on Monday after the company issued a clarification regarding alleged violation of the Foreign Direct Investment (FDI) laws of India. The cigarettes and tobacco products maker said the allegations were "completely misconceived and misplaced". READ MORE ABOUT THE COMPANY HERE

Company Name Close Price (Rs) Change (%)
Manpasand Beverages Ltd. 127.50 27.50
Himatsingka Seide Ltd. 211.50 20.10
Bombay Dyeing & Manufacturing Company Ltd. 135.40 17.03
CG Power & Industrial Solutions Ltd. 41.90 15.75
Adani Green Energy Ltd. 39.85 13.69
India Ltd. 1065.90 13.15
Gujarat Gas Ltd. 153.35 13.09
Sadbhav Engineering Ltd. 251.85 12.76
Edelweiss Financial Services Ltd. 182.50 12.34
Orient Cement Ltd. 89.40 12.24
Ltd. 321.80 11.89
PNC Infratech Ltd. 158.50 11.74
Ltd. 621.15 11.47
Westlife Development Ltd. 409.30 10.88
Sunteck Realty Ltd. 448.00 10.70
KEC International Ltd. 294.50 10.67
Trent Ltd. 369.40 10.10
Ltd. 257.25 10.10
Close price as on March 13, 2019
Data source: ACE Equity

First Published: Thu, March 14 2019. 15:14 IST