Stocks below Rs 100: Manugraph zooms over 30 per cent and hits fresh 52-week high, becomes weekly standout performer
And interestingly, when the equities are in a risk-off mood, market participants are pushed on the back foot as their vision is blurred by signs of worry.
During the week, we have seen Indian markets crumbling as Nifty lost almost 1.9 per cent on a WoW basis. Moreover, the performance of the broader markets also remained in line with the benchmark index. Nifty Smallcap index relatively outperformed Nifty index while Nifty Midcap index underperformed the benchmark index.
Talking about cues from the US markets, the global equities are in a risk-off mood. And interestingly, when the equities are in a risk-off mood, market participants are pushed on the back foot as their vision is blurred by signs of worry.
At times, this worry concerns inflation or it is on account of growth but to cut the long story short, the market has decided to sulk and that’s very clear with the new current worry being about lower housing starts in the US.
Amidst all this, these stocks that were seen trading below Rs 100 have delivered a standout performance. So, here are the top gainers from the list of the stocks that are listed below Rs 100.
Name of the stock
|
Gains in percentage
|
MANUGRAPH
|
32.81
|
JAIPURKURT
|
28.12
|
INDTERRAIN
|
24.97
|
3IINFOLTD
|
21.48
|
TTML
|
21.38
|
GOLDTECH_T
|
21.38
|
CINEVISTA
|
21.21
|
INDOWIND
|
21.15
|
SHAHALLOYS_T
|
21.13
|
MEGASOFT_T
|
21.09
|
SPTL
|
20.94
|
SPMLINFRA
|
20.9
|
SINTEX_T
|
20.12
|
SITINET_T
|
20
|