Pipavav Defence and Offshore Engineering, Idea Cellular, Glenmark Pharmaceuticals, and Wipro are among the other stocks to see a surge in volumes on BSE today, 9 April 2013.
Picturehouse Media notched up volume of 22.02 lakh shares by 13:36 IST on BSE, a 216.72-fold surge over two-week average daily volume of 10,000 shares. The stock lost 4.62% at Rs 37.20.
Pipavav Defence and Offshore Engineering saw volume of 16.68 lakh shares, a 7.21-fold surge over two-week average daily volume of 2.31 lakh shares. The stock lost 0.53% at Rs 74.60.
Idea Cellular clocked volume of 16.31 lakh shares, a 3.83-fold surge over two-week average daily volume of 4.26 lakh shares. The stock lost 1.96% at Rs 104.90 after two block deals aggregating 14.98 lakh shares were traded on BSE at Rs 106 per share. A block deal of 9.98 lakh shares was traded at 10:46 IST. Another block deal of 5 lakh shares was traded at 11:01 IST. The two block deals constitute 0.04% of Idea Cellular's equity.
Glenmark Pharmaceuticals saw volume of 1.44 lakh shares, a 2.07-fold rise over two-week average daily volume of 70,000 shares. The stock rose 1.9% to Rs 501.60.
Wipro notched up volume of 7.84 lakh shares, a 1.85-fold surge over two-week average daily volume of 4.23 lakh shares. The stock tumbled 11.73% at Rs 395.85. The sharp slide in the counter was because the demerger of the non-IT business of the company took effect on the bourses today, 9 April 2013. Following the demerger, the non-IT business of the company will be transferred to a separate company to be called Wipro Enterprises. Wipro will now be a company focused on IT services business. The demerged company will have non-IT business, including consumer care products, the infrastructure engineering business and medical diagnostic product and services business.
The Wipro board had announced the demerger of the non-IT business in November 2012.
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