Deliverable volumes of select chemical stocks zoom up to 62.57 per cent
Many of the stocks from the chemical sector witnessed hard time during the week as only about 20 per cent of the stocks managed to close in green.
Friday, being a holiday on account of Guru Nanak Jayanti, the market participants decided to go light ahead of the long weekend and this was quite evident from the fact that Nifty lost about 0.75 per cent and slipped below the 17,800 mark while on WoW basis, it has lost 1.87 per cent.
Talking about the sectoral performance, barring Nifty Auto, all other indices ended the week on a negative note with Nifty Metal being the top loser as it lost more than 5 per cent, followed by Nifty PSU Bank and Nifty Realty.
Chemical stocks have attracted quite a bit of attention in the last one month or so due to sharp profit booking witnessed in these stocks. Moreover, many of the stocks from the chemical sector witnessed hard time during the week as only about 20 per cent of the stocks managed to close in green.
So, it would be interesting to see which stocks have witnessed high delivery percentage as that indicates strong interest by investors.
So, here is the list:
Vikas Ecotech: Vikas Ecotech gained as much as 12.20 per cent during the week and interestingly, it is one of the top performing stocks in the chemical sector on our list. Furthermore, it witnessed as much as 71.62 per cent deliverable volumes of the total trade quantity on November 18.
Manali Petrochemicals: The stock tanked nearly 5 per cent during the week; however, delivered volume on November 18 was seen at 62.57 per cent.
GHCL: The stock slipped more than 7 per cent during the week but deliverable volume on November 18 stood at 62.17 per cent.
Solar Industries: The stock witnessed deliverable volume of 58.31 per cent on November 18.
Vikas WSP: The stock witnessed deliverable volume of 57.03 per cent on November 18.
Bodal Chemicals: The stock has witnessed more than 5 per cent during the week. It witnessed deliverable volume of 55.99 per cent on November 18.
India Glycols: The stock tanked nearly 9.33 per cent. It witnessed deliverable volume of 55.81 per cent on November 18.
Bhansali Engineering Polymers (BEPL): The stock fell by 4.41 per cent during the week. It witnessed deliverable volume of 54.31per cent on November 18.
Important note: We have considered stocks that have seen more than 1,00,000 quantity in deliverable quantity.