Iran Israel War Stocks: There was a ‘carnage’ in the Indian stock market last week amid the Iran-Israel war and the crude oil price crossing $94. Sensex and Nifty fell heavily by about 3%, causing investors to lose lakhs of crores of rupees. But even amidst this devastation, 5 stocks gave huge profits. Know the complete list of these 5 shares and the real reason for their growth…
Best Performing Stocks This Week: The past week (2 March to 6 March) was no less than a nightmare for the stock market. The rising tension in the Middle East and the rising crude oil prices shook the Indian market. While on one hand Sensex fell by 2,368 points and Nifty 50 lost 728 points, on the other hand the banking sector (Nifty Bank) recorded a huge fall of 2,745 points. But when there was a ‘slaughter’ in the market and the big stocks were crashing, then 5 such ‘Bahubali’ stocks of Nifty 500 emerged, which not only made their gains, but also gave huge profits of 10% to 12% to the investors. Let us know about these 5 stocks which took a beating in this ‘Black Week’.
Solar Industries Share: The real ‘rocket’ of the market
In this period of decline, solar industries performed the best. While most of the major stocks were in red, this stock remained at the forefront with weekly return of 12.2%. On Friday, March 6, it closed at ₹15,152. Activities related to defense sector and global demand gave it strength even in this crisis.
Jupiter Wagons Share: Profit on track
Jupiter Wagons, a giant in the railway and engineering sector, also made investors happy. The market decline did not touch it and it registered an impressive gain of 11.75% for the entire week. The share closed at ₹298.6 on Friday.
NALCO Share: Commodity’s shine continues
When the supply chain and crude oil were affected due to the Middle East crisis, NALCO became the leader among metal stocks. This stock gave a strong return of 11.7% this week and closed at the level of ₹ 396.2.
Mazagon Dock Share: Strong soldier of defense
Defense stocks are always on the radar in a war environment. Mazagon Dock Shipbuilders showed its strength this week and surged 11.1% to close at ₹2,471.9. Its strength in naval shipbuilding made it the ‘Alexander’ of a declining market.
OneSource Specialty Pharma Share: Lifesaver in recession
The pharma sector is often considered a safe haven. OneSource Specialty Pharma came as a lifeline for investors in this difficult week and registered a weekly gain of 9.9%. The stock closed at ₹1,480.5 on Friday.
Disclaimer: This article is for general information only. This should not be considered investment advice. Investing in the stock market is subject to risks. Before investing money in any share, definitely consult your market expert or financial advisor.
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