Moneycontrol
Last Updated : Nov 08, 2018 04:01 PM IST | Source: Moneycontrol.com

Top 10 stocks that have surged the most since demonetisation

Here are the top ten stocks that have rallied since demonetisation:

Moneycontrol News @moneycontrolcom
Two years ago, Prime Minister Narendra Modi announced demonetisation of high-denomination currency notes. The announcement, whose primary purpose was to curtail the shadow economy, received a mixed response. While it garnered support from several bankers and international commentators, it was criticised for being planned poorly and being unfair. Data reveals that several stocks have done quite well since demonetisation. Here are top ten stocks that have rallied the most since November 8, 2016:
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Two years ago, Prime Minister Narendra Modi announced demonetisation of high-denomination currency notes. The announcement, whose primary purpose was to curtail the shadow economy, received a mixed response. While it garnered support from several bankers and international commentators, it was criticised for being planned poorly and being unfair. Data reveals that several stocks have done quite well since demonetisation. Here are top ten stocks that have rallied the most since November 8, 2016:

10. Future Retail | Return since Nov 8, 2016: 235.86 (Image: Reuters)
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10. Future Retail | Return since Nov 8, 2016: 235.86 (Image: Reuters)

9. Sterlite Technologies | Return since Nov 8, 2016: 259.56 (Image: Reuters)
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9. Sterlite Technologies | Return since Nov 8, 2016: 259.56 (Image: Reuters)

8. Rain Industries | Return since Nov 8, 2016: 276.85 (Image: Reuters)
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8. Rain Industries | Return since Nov 8, 2016: 276.85 (Image: Reuters)

7. Adani Transmission | Return since Nov 8, 2016: 295.00 (Image: Reuters)
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7. Adani Transmission | Return since Nov 8, 2016: 295.00 (Image: Reuters)

6. Phillips Carbon Black | Return since Nov 8, 2016: 339.41 (Image: Reuters)
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6. Phillips Carbon Black | Return since Nov 8, 2016: 339.41 (Image: Reuters)

5. Venky's (India) | Return since Nov 8, 2016: 387.20 (Image: Reuters)
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5. Venky's (India) | Return since Nov 8, 2016: 387.20 (Image: Reuters)

4. V-Mart Retail | Return since Nov 8, 2016: 411.07 (Image: Reuters)
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4. V-Mart Retail | Return since Nov 8, 2016: 411.07 (Image: Reuters)

3. Graphite India | Return since Nov 8, 2016: 1,160.43 (Image: Reuters)
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3. Graphite India | Return since Nov 8, 2016: 1,160.43 (Image: Reuters)

2. Indiabulls Ventures | Return since Nov 8, 2016: 1,627.50 (Image: Reuters)
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2. Indiabulls Ventures | Return since Nov 8, 2016: 1,627.50 (Image: Reuters)

1. HEG | Return since Nov 8, 2016: 2,308.42 (Image: Reuters)
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1. HEG | Return since Nov 8, 2016: 2,308.42 (Image: Reuters)

First Published on Nov 8, 2018 03:54 pm
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