LICHSGFIN, GLAXO, LAKSHVILAS, MAGMA & KESORAMIND witness spike in volumes
The Indian capital markets regained near all-time high levels that it touched during the beginning of this year. The markets witnessed both buying as well as profit booking during the week. As a result a number of shares witnessed steep rise in the volumes.
Stocks from Nifty250 dominated the list of top ten followed by stocks from Nifty500 and a mere on stock from Nifty100.
Magma Fincorp (NSE: MAGMA) was the stock with highest volume gains during the week. The stock gained 3656% during the last five trading sessions. The stock witnessed 6% rise in its price during the week to Rs 34.65 from Rs 32.7. LIC Housing Finance (NSE: LICHSGFIN) was the second highest volume gainer during the week. The stock witnessed 1743% spike in the traded volumes during the week. LICHSGFIN stock price gained 7% during the period rising to Rs 306.9 from Rs 286.9.
Kesoram Industries (NSE: KESORAMIND) was another stock that witnessed both major spike in traded volumes as well as stock price. KESORAMIND stock volume rose by 719% during the period. KESORAMIND stock price rose by 7% during the week to Rs 45.9 from Rs 42.9. City Union Bank (NSE: CUB) was another stock that witnessed 5% rise in its stock prices during the week. CUB stock rose to Rs 150 during last week from Rs 143.
GlaxoSmithKline Pharmaceuticals (NSE: GLAXO) and Oracle Financial Services Software (NSE: OFSS) were two stocks that witnessed over 1000% spike in the traded volumes but by the end of the week the pared all pricing gains with almost 0% price gains during the week.
Lakshmi Vilas Bank (NSE: LAKSHVILAS) and Indian Bank (NSE: INDIANB) were two banking stocks in the top ten list that witnessed huge spike in their traded volumes but in terms of price gains during the week they were meagre. LAKSHVILAS stocks price gained only 3% during the week despite 671% spike in the volumes. Similarly INDIANB gained only 2% in its stock prices during the week despite 406% spike in traded volumes.
Varroc Engineering ( NSE: VARROC ) and Solar Industries India (NSE: SOLARINDS) were two stocks that gained 700%-1000% in traded volumes during the week. SOLARINDS was the only stock that ended up in red during the end of the week with its stock prices declining by 1%.