4 Stocks soaring on the ASX today

The S&P / ASX 200 Index (index: ^AXJO) (ASX: XJO) saw a second day of gains, rising 0.7%, despite falls in the energy and gold sectors of more than 1%.

Many companies obviously did better than the index though. Here’s our view on four of them…

iProperty Group (ASX: IPP) gained 12.4% to $2.82, after REA Group Ltd (ASX: REA) announced that it was increasing its stake in the company from 17.2% to 19.4%. iProperty will issue REA Group 5 million new shares at $3.00 per share, in exchange for REA’s Hong Kong business, iProperty now owns both the #1 and #2 property portals in Hong Kong.

Panorama Synergy Limited (ASX: PSY) surged 10.9% higher to 35.5 cents, but shares are still down more than 14% in the past month. As I mentioned earlier this month, Panorama shares have soared 4,775% since October 2013. You can read more about the company here and why investors are going all hot and sweaty over the company.

Capitol Health Ltd (ASX: CAJ) saw its shares rise 7.5% to 57.5 cents. Capitol owns and operates imaging centres in and around Melbourne and is slowly expanding its reach further out. Despite today’s rise, shares in Capitol are still down 8% over the past 5 business days, and some way below its 52-week high of 73 cents. It appears that bargain hunters have jumped in, after recent price falls.

Echo Entertainment Group Ltd (ASX: EGP) has gained 4.4% to $3.54, and is up more than 9% in the past month. The casino operator reported earlier this month that it had sold its Jupiters casino in Townsville for $70 million, as it prepares to focus on its Sydney, Brisbane and Gold Coast casinos. Echo is battling rival Crown Resorts Limited (ASX: CWN) in Sydney and potentially in Brisbane, with a new casino due to be built in the Queensland capital over the next few years.

If you want a fresh idea that could also soar on the ASX over the next year, you won't want to miss this.

The Motley Fool’s top stock for 2015 is a sexy ASX tech company with a stunning track record and plenty of room to run. Discover our analysts’ hands-down favourite bet for 2015 in this brand-new FREE report. Simply click here to grab your copy. With the share price hammered in the past few weeks, this could be the perfect opportunity to grab a quality company at a cheap price.

I own the company and think you should too.

Motley Fool writer/analyst Mike King owns shares in iProperty and Capitol Health. You can follow Mike on Twitter @TMFKinga

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.