Coffee Day Enterprises, Videocon Industries, Marico and Bharti Airtel are among the other stocks to see a surge in volumes on BSE today, 17 March 2016.
Torrent Pharmaceuticals clocked volume of 5.55 lakh shares by 14:07 IST on BSE, a 55.80 times surge over two-week average daily volume of 9,938 shares. The stock rose 0.98% at Rs 1,266.90.
Coffee Day Enterprises notched up volume of 5.65 lakh shares, a 27.80-fold surge over two-week average daily volume of 20,000 shares. The stock gained 3.95% at Rs 234.
Videocon Industries saw volume of 9.03 lakh shares, a 20.17-fold surge over two-week average daily volume of 45,000 shares. The stock advanced 5.21% at Rs 115.10. Idea Cellular and Videocon Telecommunications (VTL) yesterday, 16 March 2016 mutually agreed to terminate their earlier agreement regarding 'Transfer of Right to Use 1800 MHz Spectrum' in two service areas with immediate effect. VTL is a subsidiary of Videocon Industries. Idea Cellular made the announcement before market hours today, 17 March 2016.
Marico clocked volume of 62.33 lakh shares, a 18.12-fold surge over two-week average daily volume of 3.44 lakh shares. The stock rose 2% at Rs 245.
Bharti Airtel saw volume of 22.18 lakh shares, a 7.4-fold rise over two-week average daily volume of 3 lakh shares. The stock rose 2.3% at Rs 347.45. Bharti Airtel announced that it has entered into a definitive agreement with Videocon Telecommunications (VTL) to acquire the right to use the latter's spectrum in the 1800 MHz band for six telecom circles for an aggregate consideration of Rs 4428 crore. The spectrum trading pact is for six circles viz. Bihar, Haryana, Madhya Pradesh, UP (east), UP (west) and Gujarat. The validity of VTL's spectrum in these circles is until 18 December 2032. The announcement was made during market hours today, 17 March 2016.
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