These three stocks surged over 10 per cent on August 16; do you own any?
Regarding sectoral performance, Auto and Realty are the top gainers, while Metal remains the top loser.
The Indian market is trading in the green for a third consecutive session on Tuesday. On August 16 at 2:55 pm, the S&P BSE Sensex is trading at 59714.37, up by 251.59 points or 0.42 per cent from its previous close of 59,462.78. Regarding sectoral performance, Auto and Realty are the Top Gainers, while Metal remains the top loser for the day.
In stock-specific action, UTI Asset Management Company Ltd, India Bull Real Estate Ltd, and Forbes & Company Ltd are the top 3 gainers for the day. While Muthoot Finance and Surya Roshni Ltd are the Top Losers.
UTI Asset Management Company Ltd is primarily involved in investment management and related services. It is the first company to introduce mutual fund schemes in India. On August 16, the shares of UTI Asset Management Company Ltd are up 15.73 per cent and trading at Rs 867.2.
India Bull Real Estate Ltd is involved in the development and construction of residential, commercial, and SEZ projects in Indian metropolitan areas. The stock is trading at Rs 77.85 with a 15.08 per cent gain. The stock is rallying as the company reduced its net debt by more than half from Rs 739 crore to Rs 464 crore.
Forbes & Company Ltd offers services for transaction management, water purification, transportation of chemical tankers, engineering, and real estate. The scrip has made a fresh 52-week high today and is trading 9.72 higher from its previous close. The company’s Board of Directors approved the incorporation of a wholly-owned subsidiary to handle current and emerging technology in the company's current line of operation.