Jubilant FoodWorks, Max India, Bata, Siemens are in demand today and have seen their volume surge more than their respective two-week average till 11:03 HOURS on the Bombay Stock Exchange (BSE). Besides these three, Balaji Telefilms, FDC, Vardhman Textiles Limited (VTL) are a few other stocks on the BSE that have seen a spurt in volume.
Jubilant FoodWorks, however, tops this list with 1.76-lakh shares changing hands on the BSE till 11:03 HOURS, as compared to a two-week average of 0.08 lakh shares that were traded on the BSE, translating into a jump of 2,100%. Likewise, Max India saw a 958% surge in volume at 3.28-lakh shares compared to its two week average of 0.31 lakh shares.
"A lot of these companies are from the mid-and the small-cap segment, which I think is nearing a bubble. That apart, some investors could also be taking fresh positions in these counters, or exiting, given the ongoing result season," said G. Chokkalingam, Founder & Managing Director, Equinomics Research & Advisory.
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According to a recent report, STAR India that held nearly 26% stake in Balaji Telefilms, has offloaded all its shares in the company at Rs 63.6 a share. The total deal value is pegged at Rs 108 crore. On Wednesday, Balaji’s stock rallied 16% to Rs 95 levels post the announcement. On Thursday, the traded volume on the counter hit 12.01 lakh shares, as compared to a two week average of 1.68-lakh shares.
TRADED VOLUME | |||||
Name | Today's Vol (Lacs) | 2 Wk Avg. Vol (Lacs) | Volume Change (Times) | LTP in Rs (AT 11:03 HOURS) | Chg in Volume (%) |
JUBLFOOD | 1.76 | 0.08 | 22.38 | 1880.25 | 2100 |
MAX | 3.28 | 0.31 | 10.45 | 572.4 | 958 |
BALAJITELE | 12.01 | 1.68 | 7.15 | 101.05 | 615 |
FDC | 2.92 | 0.43 | 6.85 | 195.05 | 579 |
BATAINDIA | 1.11 | 0.17 | 6.4 | 1172.6 | 553 |
VTL | 0.82 | 0.15 | 5.61 | 878.1 | 447 |
VIPUL | 22.44 | 5.04 | 4.45 | 44.4 | 345 |
SIEMENS | 0.83 | 0.24 | 3.41 | 1534 | 246 |
LAOPALA | 1.04 | 0.33 | 3.17 | 525.1 | 215 |
ROLTA | 8.4 | 2.91 | 2.89 | 129.5 | 189 |
Source: BSE; 11:03 HOURS |