Stocks that went up more than 7 per cent post demonetisation

Indian markets reacted sharply on 9 November, 2016 after the outcome of the US presidential elections was announced along with the abrupt announcement of banning Rs 500 and Rs 1000 currency notes by PM Narendra Modi.

Even as the broader markets corrected sharply reacting to the announcement, there were certain stocks that have managed to buck the trend and deliver positive returns in an extremely volatile environment.

Power Finance Corporation (PFC), ONGC, Union Bank of India, Bharti Airtel, Bharat Forge and Hindustan Zinc are the stocks that gained more than seven per cent in one month's time since the demonetisation was announced.

These stocks gained between 7.21 per cent and 12.41 per cent over the one month time frame with PFC being the top gainer clocking 12.41 per cent.

The list of stocks that gained post-demonetistion period includes the likes of Cipla, Bank of Baroda, NTPC, Bharti Infratel, Vedanta, Bank of India and Sun Pharma which gained between 4.52 per cent and 6.50 per cent in one month's time spanning the post demonetisation period.