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These 20 stocks rose 5-30% when fear and panic hit D-Street

The buying interest around TV Today Network picked up momentum in the last three months which saw its shares rising a little over 50 percent in the same period.

September 26, 2017 / 17:04 IST
     
     
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    The Nifty50 might have fallen nearly 300 points in just 4 trading sessions but there were plenty of stocks which stood ground and rose anywhere between 5 to 30 percent in the same period.

    Multiple factors led to a fierce fall on D-Street which most experts feel could extend further to 9,500 or even 9,300 before we see a journey back to 10,000 levels.

    But, that didn’t stop some of the stocks which posted hefty gains in the same period. In the S&P BSE 500 index stocks like TV Today Network rose 27 percent, followed by Shoppers Stop which gained 21 percent, Divis Laboratories rallied 14 percent in the same period.

    The buying interest around TV Today Network picked up momentum in the last three months which saw its shares rising a little over 50 percent in the same period.

    Domestic brokerage firm Sharekhan initiated coverage on the stock with a buy rating and expect 18-20 percent upside in the next 6-8 months. “TV Today is in a sweet spot to leverage the uptrend in advertising spends and full digitalisation regime, which augurs well for the company’s further growth prospects,” it said.

    Shoppers Stop saw buying interest after its board of directors approved a proposal to sell nearly 5 percent equity in the company in the form of a fresh issue for approximately Rs 179 crore to Amazon NV Holdings LLC, the investment arm of Amazon.

    Divis Laboratories rallied after its unit 2 received six observations from USFDA but all its previous observations are resolved. The US Food and Drug Administration has inspected company's unit-2 during September 11-19, 2017.

    The stock has been under dark clouds as well as delays in approvals, regulatory overhangs, and intensifying competition, culminating in a sharp 46 percent dip in FY17 earnings.

    Edelweiss Securities Ltd upgraded the stock to buy and raised its target price to Rs 3500 from Rs2500 earlier. “A promising complex generics’ pipeline, strong earnings revival with 53% CAGR over FY18-20E and compelling valuations at 13x FY20E EPS/US business valuation at 1x sales render Divis a prime rerating candidate,” it said.

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    The S&P BSE Smallcap index slipped 5 percent in last week but there was plenty of stock which stood their ground which includes names like ITI Ltd which rallied 32 percent, followed by NELCO which gained 29 percent, Nitin Fire rose 27 percent, OM Metals gained 23 percent in the same period.

    ITI Ltd, a public sector company involved in setting up telecommunication network has been on buyers’ radar so far in the year 2017. It has already rallied over 200 percent in the same period.

    There was another stock which caught investors’ fancy – new kid on the block Capacit’e Infra which rose 60 percent on debt but managed to close with gains of 37 percent on Monday.

    The company had a stellar response to its initial public offering, getting oversubscribed 183.03 times. The IPO has received bids for 209.17 crore equity shares against total issue size of 1.14 crore shares (excluding anchor investors' portion), aided largely by institutional investors.

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    Kshitij Anand
    Kshitij Anand is the Editor Markets at Moneycontrol.
    first published: Sep 26, 2017 02:50 pm

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