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Market Movers: Here are today’s high-volume buzzers!

05 March 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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Domestic indices experienced a notable decline, affected by losses in the information technology, consumer durables, and FMCG sectors. However, significant gains in the auto and real estate sectors attempted to offset these losses.

At 10:55 am, the BSE Sensex tumbled 0.53%, reaching a level of 73,479. The Nifty 50 index declined 0.46% to the 22,301 level. On the Sensex, Tata Motors, State Bank of India and Mahindra & Mahindra were among the top gainers, whereas Tata Consultancy Services, Infosys and Larsen & Toubro were among the market draggers.

Some of the noteworthy volume movers are as follows:

  • Piramal Pharma Ltd

Shares of Piramal Pharma Ltd experienced a significant 46-fold increase in trading volume, followed by a modest decline to an intraday low of Rs 128.90 per share on the BSE. The company operates across three primary segments including Contract Development and Manufacturing Organizations (CDMO), Complex Hospital Generics (Critical Care), and Consumer Healthcare (OTC).

  • AAVAS Financiers Ltd

AAVAS Financiers Ltd saw a remarkable 28-fold surge in trading volume, leading to selling pressure and a decline of over 7%, reaching a 52-week low of Rs 1,321.05 per share on the BSE. The company is registered as a Housing Finance Company and specializes in providing housing loans to customers in the low and middle-income segments residing in semi-urban and rural areas.

  • Muthoot Finance Ltd

Muthoot Finance Ltd witnessed a notable 17-fold surge in trading volume, starting the trading session significantly higher, reaching the 10% upper circuit limit at Rs 1,471 per share on the BSE. However, the shares experienced a considerable decline shortly afterward. The company, classified as a non-banking financial company (NBFC), is primarily involved in providing gold loans.

  • Balaji Amines Ltd

Balaji Amines Ltd witnessed a seven-fold surge in trading volume, propelling the stock more than 8% higher amidst an otherwise weak market, reaching an intraday high of Rs 2,380 per share on the BSE. The company specializes in manufacturing Methylamines, Ethylamines, derivatives of specialty chemicals, and pharma excipients.

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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