Shares of Mastek, Claris Lifesciences and Reliance MediaWorks have rallied more than 8% each on back of huge volumes.
Mastek has surged 13% to Rs 171 on back of over five fold jump in trading volumes. A combined 4.9 million shares have already changed hands on the counter so far against an average sub one million shares that were traded daily in past two weeks.
The stock has rallied 47% after the company announced robust earnings growth for the quarter ended June 2012. The mid-cap IT Company said its consolidated net profit rose by 214% at RS 22 crore on sequential basis and as compared to a loss of Rs 7.7 crore in the corresponding previous quarter.
Reliance MediaWorks too, surged over 18% at Rs 73.55 with a combined 3.7 million shares have changed hands so far, against less than one million shares that were traded daily in past ten trading days.
Anil Ambani-led Reliance Group, Reliance MediaWorks recently said its board has approved raising funds up to Rs 600 crore by way of rights issue of its equity shares to its shareholders.
Besides, it has also signed a term sheet with a global private equity fund, which would acquire "a substantial minority stake in Reliance MediaWorks' Film and Media Services division for an investment of Rs 605 crore."
Claris Lifesciences has soared 11% at Rs 192, extending its previous day’s 7% gain on the Bombay Stock Exchange. Around 1.06 million shares have changed hands so far against an average around 200,000 shares that were traded daily in past two weeks.
The company received three follow-up queries from the US Food & Drug Administration (USFDA) during April-June quarter, awaited for clearance.