Despite the weak market, some selected stocks performed well. Last week, these top stocks registered a rise of 35 to 83 percent, due to which investors got tremendous returns amid the fall.
Top 5 Stocks: Last week was not easy for the Indian stock market. Due to continuous selling pressure, the market appeared weak and investors had to face losses. Both BSE Sensex and Nifty 50 indices closed with big losses at the end of the week. Despite this, there were some stocks which completely ignored this weakness of the market and gave tremendous returns to the investors.
These selected stocks showed a jump of 35 percent to 83 percent in just five trading sessions. At a time when most of the stocks were in the red, the performance of these stocks caught everyone’s attention. However, most of these belong to the micro and small cap category, where the risk is also quite high.
How was the market last week?
Last week, weakness was clearly visible in the stock market. BSE Sensex closed at 83,576.24 with a decline of 2,185.77 points or about 2.54 percent. Nifty 50 index also fell by 193.55 points or about 2.45 percent to 25,683.30.
Weakness of global cues, selling by foreign investors and caution ahead of quarterly results kept the market under pressure. But amidst this decline, there were some stocks which performed much better than the expectations of investors.
Simandhar Impex gave the highest return
The highest returning stock last week was Simandhar Impex. The shares of this micro cap company showed a spectacular rise of 82.82 percent in just five days. At the beginning of the week this share was at Rs 31.55, which increased to Rs 57.68 by the end of the week.
With this rise the market cap of the company stood at around Rs 17.63 crore. Despite being a small-sized company, this stock filled the pockets of investors in the falling market.
Tremendous jump in national standard
National Standard shares also proved to be a big surprise for investors last week. This share gave an excellent return of 65.09 percent. At the beginning of the week, its price was Rs 1,311.50, which increased to Rs 2,165.20.
On Friday, this share closed with a rise of Rs 360.85 or about 20 percent. At this level the market capital of the company stood at Rs 4,330.40 crore. Due to strong buying, this stock left behind the market decline.
Role holders also performed well
Roletainers shares were also among the top performers last week. This share gave a return of about 40.94 percent. At the beginning of the week, its price was Rs 1.27, which increased to Rs 1.79.
However, it saw a slight decline on Friday and closed at Rs 1.74, falling by Rs 0.19 or about 9.84 percent. At this price the market cap of the company was approximately Rs 43.64 crore.
Sangam Finserv makes investors happy
Sangam Finserv shares also performed well last week. This share gave a return of about 35.76 percent. At the beginning of the week its price was Rs 30.20, which increased to Rs 41.
There was a slight decline on Friday and it fell by Rs 2.52 or about 5.79 percent and closed at Rs 41. The market cap of the company at this level stood at Rs 191.11 crore.
Golconda Aluminum also boomed
Golconda Aluminum’s share was also in discussion last week. This share gave a return of about 34.89 percent. At the beginning of the week it was at Rs 7.71, which increased to Rs 10.40.
At the price of Rs 10.40, the market cap of the company was approximately Rs 5.47 crore. Being a small sized company, there may be more ups and downs in it.
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