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Volumes jump at Redington (India) counter

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Capital Market
Last Updated : Nov 20 2013 | 11:55 PM IST

Novartis India, ICRA, Pfizer and Picturehouse Media are among the other stocks to see a surge in volumes on BSE today, 20 November 2013.

Redington (India) clocked volume of 19.66 lakh shares by 13:38 IST on BSE, a 131.83-times surge over two-week average daily volume of 15,000 shares. The stock rose 1.01% at Rs 64.80 after two block deals aggregating 18.98 lakh shares were executed on BSE at Rs 65 per share. A block deal of 9.98 lakh shares was executed at 10:16 IST while another block deal of 9 lakh shares was executed at 10:39 IST. The two block deals constitute 0.47% of Redington (India)'s equity.

Novartis India notched up volume of 1.25 lakh shares, a 17.11-fold surge over two-week average daily volume of 7,000 shares. The stock rose 0.06% to Rs 405.

ICRA saw volume of 37,000 shares, a 12.73-fold surge over two-week average daily volume of 3,000 shares. The stock rose 3.59% at Rs 1535.

Pfizer clocked volume of 61,000 shares, a 6.74-fold surge over two-week average daily volume of 9,000 shares. The stock jumped 7.34% to Rs 1445 after Wyeth announced its plan to merge with Pfizer.

Wyeth announced before trading hours today, 20 November 2013, that its board will meet on Saturday, 23 November 2013, to consider a scheme of amalgamation of the company with Pfizer.

The board of Pfizer will also meet on 23 November 2013, to consider the proposed amalgamation.

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Picturehouse Media saw volume of 31.82 lakh shares, a 4.79-fold rise over two-week average daily volume of 6.64 lakh shares. The stock lost 4.87% at Rs 31.25.

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First Published: Nov 20 2013 | 1:36 PM IST

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