Stocks That Jumped 24% To 43% In Trade This Week

It was a volatile market session this week, thanks to the RBI monetary policy and surging bond yields in the US.

Rising bond yields in the US see profit booking

According to Dr. Joseph Thomas, Head of Research, Emkay Wealth Management, after a brief spell of exuberance borne of the budget proposals, the market witnessed selling pressure emanating mainly from overseas developments.

"The US inflation at 7.50 %, a multi-year high, and the probability of the Fed getting soon into a tightening mode, dampened the sentiment in overseas markets, especially in the US and Europe , and these movements are getting reflected in the domestic market as well. These concerns are going to linger on for some more time, and we may see the effects in the coming weeks too," he stated.

Stocks that gained 24 to 43% in the last 7-days

Stock	Gains this week
NDTV	43.00%
Shankara Building	32.00%
Zee Media	28.00%
DB Realty 27%	27.00%
Gujarat Narmada	23%

Reasons for the rise in these stocks

Most of the stocks reacted to quarterly numbers. Take the case of NDTV. The company reported a stupendous set of quarterly numbers. In fact, the NDTV Group's saw its most profitable quarter in 9 years. TV hits record profits and NDTV's digital arm, NDTV Convergence Limited clocked its highest-ever revenue in Q3. Its profit of Rs 12.2 crores in this quarter is the company's second highest ever for Profit After Tax;

Shakara Buildings stock surged after Singapore-based investor Akash Prakash-owned Amansa Holdings offloaded 8.68 percent equity stake via open market transactions.

About the author

Sunil Fernandes is the Managing Editor for goodreturns.in. He has 27 years covering business and finance in India and abroad. Sunil has worked with frontline daily newspapers including Hindustan Times, Deccan Herald and Gulf Times. He has also worked with investment magazines like Dalal Street Investment Journal and Oman Economic Review. His expertise remains in stocks, mutual funds, gold and tax planning.