These Group B stocks have gained over 9 per cent in a volatile trading day!
Let us find out which shares gained momentum on Thursday afternoon:
On Wednesday, the US Fed announced its biggest interest rate hike by 75 basis points since 1994. Fed is trying to reduce the size of its balance sheet along with resolving the inflation issues to achieve price stability. Even when the hike was aligned with the predictions, it impacted the equity markets globally. Dalal Street opened on a green note, and it turned red shortly. At 12:50 pm, as the S&P BSE Sensex tumbled by0.90 per cent and was at 52,068.03
Ansal Housing Ltd, California Software Ltd, and Marathon Nextgen Realty Ltd are today’s mid-day movers.
Ansal Housing Ltd is a Real Estate developer mainly in residential townships, commercial complexes, hotels & movie halls in Tier II and Tier III cities. The stock of this company has emerged as the Group B topper and the shares are currently trading at Rs 8.17, a 13 per cent surge.
Marathon Nextgen Realty Ltd is engaged in the business of construction, development and sale of commercial and residential real estate projects. The share price jumped by 10.76 per cent and the scrip is trading at Rs 192.
California Software Ltd is engaged in the business of Software Development, Implementation, Support, Validation, and Testing. The share price surged by 9.82 per cent and the scrip is trading at Rs 24.05.