Positional traders have made a killing in the recent pre-election rally in the last 56 days. OCL Iron & Steel gained 255.03% and topped the
list of money spinners. Reliance Industrial Infrastructure with gains of 224.27% gains followed in the second spot.

Soya solvent extraction firm – Sanwaria Agro Oil’s saw 219.39% surge in stock price and made it to recognition of the third most rewarding ‘ long trade’ for the time period under consideration.

The banking and financial sector has turned to be a key beneficiaries in the rally. Large cap companies in banking services that doubled include ICICI Bank and Axis Bank along with Yes Bank.

Other prominent non bank entities in financial services sectors, the stocks prices of which, doubled over the same period include India Infoline, Reliance Capital and IL& FS Investsmart. There are also some small cap counters and penny stocks where the key business segment is non banking financial services. However it is not the only sector that has done well in the rally.

Beaten down to bare minimum in the massive correction, real estate sector also offered some quick bounces that doubled trader’s money in market. HDIL, Marathon Nextgen Realty, Mahindra Lifespace Developers and Phoenix Mills are some of the counters that enriched the traders’ coffers.

The money multiplying game is not restricted to the names in know. There are many penny stocks that are hitting circuits. “Investors should keep away from the unknown companies as most such moves are short lived and ensure that the naïve investors are trapped,” says a investment strategist with a portfolio management service.

source: Economic times.

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