On January 8, 2008 Nifty made a high of 6357 and closed at 6288. Since then, it has lost 27.26% while the other two important indices Nifty Junior and Midcap Index have lost 41.71% and 37.91% respectively.
After 50 trading days, let’s find out which scrips are the winners and losers in the highly volatile and technically what has turned out to be a medium term bear market.
Top 5 gainers:
Horizon Infrastructure: The stock is being traded at NSE since January 25. It has always hit the upper circuit, irrespective of where Nifty was heading. It is currently in ‘trade to trade’ segment. From 82.30 on January 25 it has skyrocketed to 1286 or about 14.62 times. This is however an illiquid stock and the maximum volume ever witnessed was around 186k during a session.
SEL Manufacturing Company:
It has gained 87.95% and appears to be technically correct, even though the upper or lower freeze has been hit on few occasions.
Bosch Chassis Systems India: The stock has gained 41.04% and has lost about 11.7% from its highest close.
REI Agro: This stock has gained 41.01% with plenty of upper freezes.
Sun Pharma: It has gained 13.66%.
Top 5 losers:
Kothari Petrochemicals: A penny stock not so long ago, it was trading around Rs.4 during March 2007. On January 7 this year it closed at 80.90. Watch the number of single priced candlesticks and freezes in the chart!
Brabourne Enterprises: It has lost 77.03% and it is almost near its long term support at 23.
Teledata Informatics: It got listed after the scheme of arrangement and three nearly 20% lower freezes has made the stock lose 76.43%
Gujarat Lease Financing: It is a penny stock and has shed 74.79%.
BPL: This has lost 74.76% so far.
SEL Manufacturing Company: It has gained 87.95% and appears to be technically correct, even though the upper or lower freeze has been hit on few occasions. 