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

Puneet Wadhwa/New Delhi 14 Mar 19 | 03:14 PM

It has mostly been a one-way street for the markets thus far in the current week with the S&P BSE Sensex 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 BSE 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.

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Himatsingka Side, Bombay Dyeing, CG Power & Industrial Solutions, Adani Green, Godfrey Phillips 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 Godfrey Phillips India surged 11 per cent to Rs 1,042, hitting a 52-week high of the BSE 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

TOP GAINERS ON BSE 500Company NameClose Price (Rs)Change (%)Manpasand Beverages Ltd.127.5027.50Himatsingka Seide Ltd.211.5020.10Bombay Dyeing & Manufacturing Company Ltd.135.4017.03CG Power & Industrial Solutions Ltd.41.9015.75Adani Green Energy Ltd.39.8513.69Godfrey Phillips India Ltd.1065.9013.15Gujarat Gas Ltd.153.3513.09Sadbhav Engineering Ltd.251.8512.76Edelweiss Financial Services Ltd.182.5012.34Orient Cement Ltd.89.4012.24Can Fin Homes Ltd.321.8011.89PNC Infratech Ltd.158.5011.74Just Dial Ltd.621.1511.47Westlife Development Ltd.409.3010.88Sunteck Realty Ltd.448.0010.70KEC International Ltd.294.5010.67Trent Ltd.369.4010.10ICICI Securities Ltd.257.2510.10Close price as on March 13, 2019  Data source: ACE Equity  

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Sensex

Company Price Gain (%)
ICICI Bank431.505.09
Larsen & Toubro1,543.654.60
Bharti Airtel353.304.40
Vedanta163.854.20
Tata Motors182.154.09

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