Tech Mahindra, Ramco Industries, Infosys and Ramco Cements are among the other stocks to see a surge in volumes on BSE today, 14 October 2016.
GOCL Corporation clocked volume of 2.47 lakh shares by 13:13 IST on BSE, a 47.03-times surge over two-week average daily volume of 5,000 shares. The stock fell 0.83% at Rs 312.
Tech Mahindra notched up volume of 34.22 lakh shares, a 16.39-fold surge over two-week average daily volume of 2.09 lakh shares. The stock lost 0.04% at Rs 420.75.
Ramco Industries saw volume of 5.62 lakh shares, a 10.14-fold surge over two-week average daily volume of 55,000 shares. The stock was locked at 20% upper circuit at Rs 216.90.
Infosys clocked volume of 12.08 lakh shares, a 6.26-fold surge over two-week average daily volume of 1.93 lakh shares. The stock lost 1.38% at Rs 1,037.50 after the company trimmed revenue growth guidance for the current financial year at the time of announcing Q2 September 2016 results today, 14 October 2016. In constant currency terms, the company now expects revenue to grow by 8% to 9% for the year ending 31 March 2017 (FY 2017). The company had forecast 10.5%-12% growth in revenue for FY 2017 in constant currency terms at the time of announcing Q1 June 2016 results on 15 July 2016. The company had at the beginning of FY 2017 estimated its revenue growth at 11.5-13.5%.
Infosys' consolidated net profit rose 4.9% to Rs 3606 crore on 3.1% growth in revenue to Rs 17310 crore in Q2 September 2016 over Q1 June 2016. The results are as per International Financial Reporting Standards (IFRS). The result was announced during market hours today, 14 October 2016.
Ramco Cements saw volume of 88,000 shares, a 5.68-fold rise over two-week average daily volume of 15,000 shares. The stock surged 6.27% at Rs 669.05.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
