Market Movers: These three stocks rallied amid weak market sentiment
GRSE, Just Dial and OnMobile Global were the top gainers in Group A.
As markets continue to trade in weakness, the benchmark indices S&P BSE Sensex closed below by 0.7 per cent or 388 points at 58576.37 while the Nifty50 at 17530.30, shedding 145 points or 0.8 per cent.
The weak sentiment was witnessed across all sectors. S&P BSE Midcap saw much volatility closing 1.5 per cent lower at 25037.71 while BSE Smallcap closed at 29441.67 at a loss of 1.47 per cent.
However, GRSE, Just Dial and OnMobile Global witnessed positive action in today’s session.
Garden Reach Shipbuilders & Engineers zoomed 13.75 per cent in today’s session and closed at Rs 307.65. The stock logged an intra-day high and low of Rs 319 and Rs 263.10. At Rs 319, the shipbuilding company logged its fresh 52-week high. Cumulatively, since Monday, the stock has rallied 21.9 per cent on the bourses. In addition to its ship and warship building capabilities, the Kolkata based company is engaged in engineering and engine production activities
Just Dial rocketed 9.27 per cent in today’s session to emerge as the second-biggest gainer in Group A. The stock logged its intra-day high and low at Rs 896 and Rs 798. Justdial is the market leader in local search engine segment in India. The company provides local search-related services to users across India on multiple platforms offering including App (Android, iOS), mobile website, desktop /PC, voice and text.
OnMobile Global gained 9.28 per cent in today’s session and closed at Rs 166.55. The stock logged its intra-day high and low in today’s session at Rs 170.90 and Rs 146.10, respectively. The global leader in Ringback Tones has been buzzing for some time while hitting an upper circuit of 20 per cent in a day’s session last week. The scrip has surged 34 per cent in the last one week.