Indian capital markets pared gains during the latter part of the week. Almost all the major stocks that gained during the early part of the week either delivered negative price returns or barely managed to remain positive by the end of the week.
A number of shares witnessed spike in the traded volumes during the week and some of these stocks made it to the top ten shares with highest volume momentum. Top ten list was highly diversified this week. Three each stocks from Nifty500, Nifty250 and Nifty100 indices and a sole stock from Nifty50.
A number of stocks from Telecom and Financial Services sector made it to the top ten, companies from Chemical and Healthcare services also made it to the list.
Top two on the list ICRA Ltd (NSE: ICRA) and Gujarat Alkalies & Chemicals (NSE: GUJALKALI) despite witnessing major spike in the traded volumes yielded negative price returns by the end of the week. DEN Networks (NSE: DEN) barely managed to stay afloat despite 376% spike in the traded volume during the week. DEN stock delivered just 1% price returns during the week.
Two telecom stocks gained both in terms of volume momentum and price momentum. Vodafone Idea (NSE: IDEA) witnessed 321% spike in the traded volume and delivered 14% price returns. IDEA stock rose to Rs 13.6 from Rs 11.95. Bharti Airtel (NSE: BHARTIARTL) saw 291% spike in the traded volume of the stock. It managed to deliver 10% price returns. BHARTIARTL stock rose to Rs 603.5 from Rs 548.9.
Procter & Gamble Hygiene & Health Care (NSE: PGHH) and Apollo Hospitals Enterprise (NSE: APOLLOHSP) managed to deliver on 1% price gain during the week despite spike in the traded volumes of the stocks. Power Finance Corporation (NSE: PFC) despite 65% spike in the traded volumes of the stock failed to deliver any price gains.
Aditya Birla Capital (NSE: ABCAPITAL) managed to deliver 2% price gains despite just 86% spike in the traded volume of the stock. Blue Dart Express (NSE: BLUEDART) on the other hand delivered negative returns during the week.