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These contrarian stocks bucked the selling trend, surged upto 19%

Updated : 2020-02-28 15:22:17

The Indian market plunged over 3 percent on Friday after fears of coronavirus turning into a pandemic triggered massive sell-offs in the global equity markets. All Nifty50 stocks opened in the red today. However, few of them bucked the trend and rose on the back of company-specific developments or technical charts. Here's the list of stocks that witnessed a surge today:

The maker of iconic Ambassador cars Hindustan Motors, during the day, remained unaffected by the market sell-off. On an intraday basis, the stock rallied nearly 19 percent breaking the bearish trend. It is the only auto stock to trade in the green today. (Stock Image)
The maker of iconic Ambassador cars Hindustan Motors, during the day, remained unaffected by the market sell-off. On an intraday basis, the stock rallied nearly 19 percent breaking the bearish trend. It is the only auto stock to trade in the green today. (Stock Image)
Chalet Hotels remained another contrarian stock that traded 17 percent higher intraday. The stock has been currently trading along with its 200 DMA (Day Moving Average). (Stock Image)
Chalet Hotels remained another contrarian stock that traded 17 percent higher intraday. The stock has been currently trading along with its 200 DMA (Day Moving Average). (Stock Image)
Gayatri Projects is a smallcap real-estate company that has surged 4.83 percent intraday. The stock since the beginning of this year has plunged nearly 75 percent and broke its declining pattern today. (Image for representational purpose)
Gayatri Projects is a smallcap real-estate company that has surged 4.83 percent intraday. The stock since the beginning of this year has plunged nearly 75 percent and broke its declining pattern today. (Image for representational purpose)
DHFL's share price rose over 4 percent intraday. In its recent BSE regulatory filing, the company said it is not aware of the reasons for the price fluctuations. Recently, in the last nine trading sessions (since February 17), the stock has surged over 38 percent. (Image: Reuters)
DHFL's share price rose over 4 percent intraday. In its recent BSE regulatory filing, the company said it is not aware of the reasons for the price fluctuations. Recently, in the last nine trading sessions (since February 17), the stock has surged over 38 percent. (Image: Reuters)
Shriram City Union Finance's shares have risen 2.57 percent intraday. The stock has been trading along with its 200 DMA since the last 5 trading sessions. (Image: Reuters)
Shriram City Union Finance's shares have risen 2.57 percent intraday. The stock has been trading along with its 200 DMA since the last 5 trading sessions. (Image: Reuters)
Dr Lal Pathlabs has risen 3 percent intraday on Friday. The company in its BSE filing has declared March 6, 2020, as the date for its second interim dividend payment. (Image: Company)
Dr Lal Pathlabs has risen 3 percent intraday on Friday. The company in its BSE filing has declared March 6, 2020, as the date for its second interim dividend payment. (Image: Company)
TCNS Clothing's rose over 2 percent intraday despite the bloodbath at the Dalal Street on Friday. The company currently sits at a comfortable valuation with P/E and RoE of 28.08x and 25.73 percent respectively.  (Stock Image)
TCNS Clothing's rose over 2 percent intraday despite the bloodbath at the Dalal Street on Friday. The company currently sits at a comfortable valuation with P/E and RoE of 28.08x and 25.73 percent respectively.  (Stock Image)
The smallcap pharma company Bliss GVS Pharma since the beginning of this year has continued to decline. However, the stock has finally broken the trend and rose 3.38 percent intraday. (Image: Reuters)
The smallcap pharma company Bliss GVS Pharma since the beginning of this year has continued to decline. However, the stock has finally broken the trend and rose 3.38 percent intraday. (Image: Reuters)
NLC India is a midcap power generation company that rose 3.67 percent intraday. The stock has surged 15 percent in two days on company-specific development. In its BSE filing recently, the company declared an interim dividend of Rs 7.06 per equity share. (Stock Image)
NLC India is a midcap power generation company that rose 3.67 percent intraday. The stock has surged 15 percent in two days on company-specific development. In its BSE filing recently, the company declared an interim dividend of Rs 7.06 per equity share. (Stock Image)
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