Top Gainers on NSE for September Based on Volume - Over 50,000 Shares Traded
Two stocks, GVKPIL (GVK Power & Infrastructure Ltd) and GLOBE (Globe Textiles India Ltd), have particularly shone as multibagger stocks this month, delivering returns exceeding 100 per cent.
September has thrown some curveballs at the market. Despite consistently reaching new highs, the latter half of the month was marked by nerve-wracking volatility. This was primarily due to global uncertainty, a surge in crude oil prices, and continuous selling by foreign institutional investors (FIIs).
In September, FIIs have been net sellers, to the tune of Rs 25,006 crore month-to-date. It's interesting to note that they were also net sellers in August 2023, with sales totaling Rs 20,620.65 crore. A noteworthy development is the hawkish stance of the US Federal Reserve. While the Fed hasn't altered the Fed Funds Rate, their guidance on future rates strongly hints at potential rate hikes, with at least one expected by year-end. According to the CME Group FedWatch Tool, market positioning indicates that investors see nearly a 40 per cent probability of the Fed opting for one more 25 basis point (bps) interest-rate hike before the year concludes.
October holds great significance for market participants. The RBI policy announcement is on the horizon, alongside a flurry of economic data releases in the first half of the month. Additionally, earnings season is about to kick off.
Here are the top 10 performing stocks in September, based on a volume traded criteria of over 50,000 shares:
|
Stock Name
|
Gains in per cent
|
|
GVKPIL
|
148.96
|
|
GLOBE
|
101.75
|
|
ITI
|
68.13
|
|
ANSALAPI_T
|
64.48
|
|
GTLINFRA
|
64.29
|
|
IFCI
|
61.64
|
|
BEDMUTHA
|
60.11
|
|
OMAXE
|
57.95
|
|
CENTEXT_T
|
57.01
|
|
JAIBALAJI_T
|
55.45
|
Two stocks, GVKPIL (GVK Power & Infrastructure Ltd) and GLOBE (Globe Textiles India Ltd), have particularly shone as multibagger stocks this month, delivering returns exceeding 100 per cent.
Disclaimer: This blog has been crafted exclusively for educational purposes. The securities mentioned are provided as examples and not as recommendations. This information is sourced from various secondary sources on the internet and is subject to change. Please seek advice from an expert before making any related decisions.