The scale of the volume spike stood out sharply against its peers on the Nifty 500 index, even though the stock remained down more than 14% over the past year and over 14% since the start of the year. The stock traded 22% away from its 52-week low of ₹1,314.60.
Trading activity on the index was driven largely by block deals and stake sales.
Top gainers
Bombay Burmah Trading Corporation led the gainers, rising up to 12% at market open, with over 39 lakh shares changing hands at 115.05 times its 10-day average volume.
Welspun Corp shares rose as much as 5% before paring gains, after promoter-group entity Welspun Investments and Commercials, along with MD and CEO Vipul Mathur, together sold 63 lakh shares, or 2.4% equity, via a block deal worth ₹1,433 crore on the NSE. The stock stood 2% below its 52-week high of ₹2,437.30, with over 19 lakh shares traded at 0.51 times its 10-day average volume.
Devyani International shares climbed over 4% before paring gains. The stock traded 26.5% below its 52-week high of ₹191 and nearly 65% away from its 52-week low of ₹91.55, with over 57 lakh shares traded at 1.31 times its 10-day average volume.
Triveni Turbines shares rose over 3% before paring gains. The stock traded 34% below its 52-week high of ₹787.60 and 37% away from its 52-week low of ₹428.35, with over 11 lakh shares traded at 2.19 times its 10-day average volume.
Top losers
ICICI Prudential AMC shares fell over 4% after reports emerged that Prudential Corp Holdings planned to sell a 2% stake through a block deal worth ₹3,121 crore, with the offer price set between ₹2,998 and ₹3,158 per share. The stock traded 17% below its 52-week high of ₹3,611 and nearly 22% away from its 52-week low of ₹2,530, with over 28 lakh shares traded at 7.58 times its 10-day average volume.
Tata Power Company shares fell up to 4% at market open, trading 33% below its 52-week high of ₹464.90 and barely 2% away from its 52-week low of ₹342.50, with over 62 lakh shares traded at 1.31 times its 10-day average volume.
Tata Motors CV shares fell up to 3%, trading 8% below its 52-week high of ₹509 and more than 53% away from its 52-week low of ₹306.30, with over 31 lakh shares traded at 0.36 times its 10-day average volume.
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Paradeep Phosphate shares fell over 2% before recovering some losses, though the stock still traded lower intraday. It stood 44% below its 52-week high of ₹231 and nearly 61% away from its 52-week low of ₹99.70, with over 16 lakh shares traded at 0.21 times its 10-day average volume.
