The share price of Shilpa Medicare jumped by 3 per cent on closing basis on Thursday trading session with almost all the gains recorded in the last 30 minutes of the session. Closing they say is the most important price action that one has to pay attention to. 

The past month has been volatile for markets. This consistency in the performance of paper stocks is what has caught our attention.

If we look at the results of KPR Mills, Trident, Faze 3 and AmarJyothi Spinning Mills one gets a sense that the sector is witnessing change in fortunes for sure.

Several penny stocks that belong to the textile sector are turning out to be mutibaggers in 2021.

In the latest update for the sugar sector, we saw the sugar futures hit multi year high in the US markets. With production cut expected in Brazil the prices may remain high and the sugar stocks were seen rallying this week again.

Several penny stocks were seen gaining on bourses with few penny stock locked in the upper circuit. 

Rising stock prices aided with increased volume indicates strength in the price momentum.

The company reported its earnings today wherein, it registered a more than two-fold jump in its total income at Rs 1,485 crore in Q1FY22 as against Rs 714 crore in Q1FY21. Meanwhile, its consolidated profit before tax stood at Rs 274.6 crore as against Rs 13.24 crore in Q1FY21.

With the action coming back in the broader indices, we have selected a list of stocks that meet the criteria of the T20 breakout system.   

The textile stocks rallied on Thursday even as few of the textile companies gained owing to excellent quarterly results. Trident is one such low priced textile stocks that declared outstanding results.