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Market Movers: Here Are Today’s High-Volume Buzzers!

24 May 20243 mins read by Angel One
Investors were drawn to these stocks with increased trading volumes; do you have any of them in your portfolio?
Market Movers: Here Are Today’s High-Volume Buzzers!
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After starting the trading session flat, domestic indices quickly gained strong momentum, buoyed by significant gains in the telecommunication, capital goods, energy, banking, and financial services sectors.

At 10:25 am, the BSE Sensex gained 0.53% reaching a level of 74,612. The Nifty 50 index surged 0.48% to the 22,705 level. On the Sensex, Axis Bank, Larsen & Toubro and Bharti Airtel were among the top gainers, whereas Sun Pharmaceutical Industries, Power Grid Corporation of India and JSW Steel were among the market draggers.

Some of the noteworthy volume movers are as follows:

  • Gland Pharma Ltd

    Shares of Gland Pharma Ltd saw a remarkable 23-fold increase in trading volume, surging more than 11% to reach an intraday high of Rs 1,999.35 per share on the BSE. It is a leading and rapidly expanding company specializing in injectables, with a global presence in 60 countries. The company primarily operates under a business-to-business (B2B) model, focusing on the development, manufacturing, and marketing of complex injectables.

  • Sai Swami Metals and Alloys Ltd

    Shares of Sai Swami Metals and Alloys Ltd faced heavy selling pressure, hitting a 10% lower circuit and reaching a 52-week low of Rs 61.13 per share on the BSE. The company offers a diverse range of stainless-steel products, including stainless steel dinner sets, vacuum bottles, copper-bottom items, gift sets, multi kadais, triply utensils, and vegetable choppers, to meet the varied needs of its customers.

  • PG Electroplast Ltd

    Shares of PG Electroplast Ltd climbed more than 9% to reach a new 52-week high of Rs 2,599 per share on the BSE, driven by robust buying interest following the company’s outstanding financial results. As a leading and diversified Indian electronic manufacturing services provider, PG Electroplast specializes in Original Design Manufacturing (ODM), Original Equipment Manufacturing (OEM), and plastic injection moulding, serving over 50 prominent Indian and global brands.

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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