Three resilient stocks stand tall amid heightened volatility
There are a few stocks which withstood the fury of the selloffs in the street, and some of them even kept gaining amid wholesome rout. On the basis of the quarterly results, future prospects and theme-play, such stocks have been gaining grounds. Here are the five which have been resilient amid the heightened volatility.
Prime Minister Narendra Modi, dedicated to the nation and laid the foundation stone of various development projects worth around Rs 8000 crore from Nizamabad, Telangana.
By S Jha
New Delhi, October 30: The tug of war between the bulls and bears may not be over yet as Israel pushes actions into Gaza amid fluid situations. Yet, the US bond yield is now below five per cent and the crude oil has slightly come down to give comforts to the bulls who have been battered by the bears for the last three weeks.
Yet, there are a few stocks which withstood the fury of the selloffs in the street, and some of them even kept gaining amid wholesome rout. On the basis of the quarterly results, future prospects and theme-play, such stocks have been gaining grounds. Here are the five which have been resilient amid the heightened volatility.
Shilchar Technology
The transformer manufacturer is on a phenomenal run, with the scrip extending gains amid the fulsome rout of the stocks in the last three weeks. The stock is trading at an all-time high of Rs 2706, and it gained over seven per cent in the Friday session. In a span of five days, the stock has posted a gain of 33 per cent. The market participants claim that the company is operating at its optimum capacity. It is also gaining grounds after giving cheers to the street with its September quarterly result.
Zen Technology
The anti-drone and simulation company has been on a bounce back zone after a recent correction and for the last two days the scrip has been locked in upper circuit of five per cent. The immediate trigger for its gains has been a fresh order of Rs 100 crores from the Ministry of Defence. The all-time high of Zen Technology, which has not yet declared in September quarterly result, is Rs 848, while its trading currently at Rs 742.
JSW Infrastructure
JSW Infrastructure had recently come out with its initial public offering (IPO) and it had listed on the bourses with minor gain. But the scrip has since been gaining grounds. It has also firmed IPO amid report that it could be buying a port in Odisha. The scrip is said to have strong order book, and the market participants claim that the scrip has ducked the bearish sentiments in the street.
(Disclaimer: There is no buy or sell recommendation given here in the article and stock investment decision should be made with consultations with SEBI-registered consultants)
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