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.
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.