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Volumes jump at PVR counter

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Capital Market

Godrej Properties, Tata communications, Amara Raja Batteries and Coromandel International are among the other stocks to see a surge in volumes on BSE today, 28 June 2016.

PVR clocked volume of 2.58 lakh shares by 13:40 IST on BSE, a 46.46-times surge over two-week average daily volume of 6,000 shares. The stock declined 0.12% at Rs 949.95.

Godrej Properties notched up volume of 3.41 lakh shares, a 15.95-fold surge over two-week average daily volume of 21,000 shares. The stock jumped 6.19% at Rs 356.

Tata communications saw volume of 3.59 lakh shares, a 13.54-fold surge over two-week average daily volume of 27,000 shares. The stock rose 3.43% at Rs 465 after the company announced that Liquid Telecom, a privately owned, pan-African telecoms group, majority owned by Econet Wireless Global, today, 28 June 2016 announced that it has entered into an agreement to acquire South African communications network operator Neotel. The announcement was made before market hours today, 28 June 2016. The shareholders of Neotel - Tata Communications of India and minority shareholders led by Nexus Connexion - have agreed for Liquid Telecom to acquire Neotel for ZAR6.55 billion.

 

Amara Raja Batteries clocked volume of 1.02 lakh shares, a 5.34-fold surge over two-week average daily volume of 19,000 shares. The stock gained 0.97% at Rs 858.50.

Coromandel International saw volume of 3.33 lakh shares, a 5.13-fold rise over two-week average daily volume of 65,000 shares. The stock rose 1.29% at Rs 259.20.

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First Published: Jun 28 2016 | 1:39 PM IST

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