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Market Movers – 14 February: Stocks with high-volume buzzers!

15 February 20243 mins read by Angel One
Investors were drawn to these stocks with increased trading volumes in an otherwise weak market; do you own them?
Market Movers – 14 February: Stocks with high-volume buzzers!
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The domestic indices were trading significantly lower, affected by substantial losses observed in the information technology, banking, and financial services sectors. At 10.50 am, the BSE Sensex tumbled 0.70%, reaching a level of 71,057. The Nifty 50 index fell 0.62% to the 21,608 level. On the Sensex, Power Grid Corporation of India, ITC Ltd and State Bank of India were among the top gainers, whereas Tech Mahindra, Infosys and HDFC Bank were among the market draggers.

Some of the noteworthy volume movers are as follows: 

Bharat Petroleum Corporation Ltd

BPCL Shares experienced a 10-fold increase in trading volume, resulting in a surge of over 2% today, reaching an intraday high of Rs 598.90 per share on the BSE. The company operates in the refining of crude oil and marketing of petroleum products.

Bikaji Foods International Ltd

Shares, propelled by a 5-fold surge in trading volume, gained momentum amidst a generally subdued market. Bikaji foods is renowned as one of India’s leading fast-moving consumer goods brands. Its diverse product lineup encompasses bhujia, namkeen, packaged sweets, papad, western snacks, along with other offerings such as gift packs, frozen food, and cookies.

Orchid Pharma Ltd

Shares witnessed a threefold surge in trading volume and surged to a fresh 52-week high of Rs 1,148.05 on the BSE today. Orchid Pharma operates as a pharmaceutical firm, specializing in the development and production of active pharmaceutical ingredients (APIs) and finished dosage forms. Additionally, it is actively involved in research endeavours focused on the creation of new drugs.

Nuvama Wealth Management Ltd

Shares experienced significant buying interest, leading to a remarkable surge of over 14% to reach a fresh 52-week high of Rs 3,895 on the BSE. Nuvama Wealth Management stands as a prominent investment firm, driving innovation and growth in the realms of private equity, real assets, and credit markets.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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