Sundaram Finance, Blue Dart Express, Indian Bank and NTPC are among the other stocks to see a surge in volumes on BSE today, 4 August 2016.
Indian Hotels Company clocked volume of 8.17 lakh shares by 13:41 IST on BSE, a 9.81 times surge over two-week average daily volume of 83,000 shares. The stock fell 0.97% at Rs 132.70.
Sundaram Finance notched up volume of 1.95 lakh shares, a 9.39-fold surge over two-week average daily volume of 21,000 shares. The stock gained 0.63% at Rs 1,480.50.
Blue Dart Express saw volume of 22,000 shares, a 8.97-fold surge over two-week average daily volume of 2,501 shares. The stock advanced 1.33% at Rs 5,759.95
Indian Bank clocked volume of 13.30 lakh shares, a 6.57-fold surge over two-week average daily volume of 2.02 lakh shares. The stock jumped 11.52% at Rs 200.40.
NTPC saw volume of 10.76 lakh shares, a 6.18-fold rise over two-week average daily volume of 1.74 lakh shares. The stock rose 0.99% at Rs 158.60 after the company announced that it has launched an issue of Rs 2000 crore notes due 2021 priced yesterday, 3 August 2016. The notes carry a coupon of 7.375% per annum payable annually. The notes will mature on 10 August 2021 and all rupee denominated principal and interest payments will be made in US dollars. The notes are expected to be settled by 10 August 2016. The notes are being issued as green masala bonds and the proceeds will be used for financing investments in renewable energy projects like solar and wind energy projects. The announcement was made during market hours today, 4 August 2016.
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