These stocks have surged over 30% in the last three sessions

If you think you can earn more than 30% return only over the long term as far as equities are concerned, you need to give it a second thought.

Jan 24, 2017 05:01 IST India Infoline News Service

If you think you can earn more than 30% return only over the long term as far as equities are concerned, you need to give it a second thought.
 
Here’s introducing three stocks which have surged by more than 30% in the last three trading sessions.
 
OCL Iron and Steel, DHP India and Rasandik Engineering Industries are the three stocks which have gained more than 30% in the last three trading sessions. OCL Iron and Steel is the highest amongst the three, which has surged by 40%, followed by DHP India and Rasandik Engineering Industries which are up by 37% and 33.02%, respectively.
 
OCL Iron and Steel witnessed a spurt by more than 1.72 times. DHP India and Rasandik Engineering Industries have traded on their new 52-week highs on Jan 24.
 
Stock View:
 
OCL Iron & Steel Ltd is currently trading at Rs 7.14, up by Rs 1.1 or 18.21% from its previous closing of Rs 6.04 on the BSE.
 
The scrip opened at Rs 6.4 and has touched a high and low of Rs 7.24 and Rs 6.4 respectively. So far 3182951(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 81 crore.
 
The BSE group 'B' stock of face value Rs 1 has touched a 52 week high of Rs 14.36 on 22-Apr-2016 and a 52 week low of Rs 4.25 on 17-Jan-2017. Last one week high and low of the scrip stood at Rs 6.04 and Rs 4.25 respectively.
 
The promoters holding in the company stood at 68.39 % while Institutions and Non-Institutions held 1.22 % and 30.39 % respectively.
 
The stock is currently trading above its 200 DMA.

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