The shortened week of trading in the Indian capital market due to Christmas resulted in the intense trading during the week with profit booking and hectic investments resulting in markets scaling new high on festivities. A number of nifty indexed shares also witnessed spike in the traded volumes of stocks.
Volume momentum was high on number of stocks but only a few made it to the top ten list. Nifty500 stocks dominated the list by occupying seven out of ten slots. Remaining two were from Nifty250 and a stock from Nifty50.
Automobiles, Financial Services and Consumer Goods stocks dominated top ten volume momentum list with two stocks from each segment making it to list.
Asahi India Glass (NSE: ASAHIINDIA) was the topmost stock with 6644% spike in the traded volumes of the stock during the week. ASAHIINDIA delivered 5% price returns during the week. its stock price rose from Rs 271.95 from Rs 258.9. Wheels India (NSE: WHEELS) was another automotive stock in the top three place. WHEELS witnessed 1630% spike in the traded volume of the stock. WHEELS delivered 8% price returns during the week. its stock price rose to Rs 505 from Rs 467.15.
Vedanta Ltd (NSE: VEDL) was the only Nifty50 stock in the list. VEDL registered 1622% spike in the traded volumes of the stock. VEDL delivered 10% price returns during the week. it rose to Rs 161.6 from Rs 146.9. Symphony Ltd (NSE: SYMPHONY) registered 848% spike in the traded volume of the stock and delivered 8% price gains during the week. its stocks price rose to Rs 991 from Rs 917. Another consumer goods stock Whirlpool Of India (NSE: WHIRPOOL) delivered 17% price gains during the week. WHIRPOOL stock price rose to Rs 2550 from Rs 2186.
Firstsource Solutions (NSE: FSL) registered 630% spike in the traded volume during the week and delivered 16% price returns. FSL stock price rose to Rs 91.3 from Rs 78.45. Religare Enterprises (NSE: RELIGARE) delivered just 2% price returns despite 346% spike in the traded volumes.
Sunteck Realty (NSE: SUNTECK) registered 345% spike in the traded volume during the week and delivered 9% price gains. SUNTECK price rose to Rs 349 from Rs 320.
JSW Holdings (NSE: JSWHL) and Tata Communications (NSE: TATACOMM) delivered 1% and 3% price returns during the week