Last week Indian Capital Markets turned volatile amid profit booking and weak global cues. It was last two trading sessions that pared most the gains of past two weeks.
Of the top ten Index stocks with highest volume momentum, five stocks were from Nifty500 Index, four from the Nifty250 and a sole stock from Nifty50 Index.
A number of Stocks witnessed spike in trading volumes but eventually by end of the week a large number of shares had negative price returns on weekly trade.
IDBI Bank Ltd (NSE: IDBI) was top on the list and gained 1409% in its traded volume during last five sessions. IDBI stock ended the week with price gains of 8% as it stock closed at Rs 38.4 from Rs35.6. Kajaria Ceramics Ltd (NSE: KAJARIACER) was second best volume momentum of last week with 1355% rise in its traded volume. The momentum was largely negative as the stock ended in negative territory for the week as the stock declined by 1% during the week to close at Rs 533.
Gujarat Pipavav Port (NSE:GPPL) was another stock which was on fire last week as it gained 1032% in its traded volume during the week. GPPL witnessed positive price momentum and delivered 7% increase in its price during the week. The stock closed at Rs91.8 from Rs 86 in the beginning of the week.
Cyient Ltd (NSE: CYIENT) was the stock that managed to stay afloat during the week despite the market crash during end of the week. CYIENT stock gained 824% in its traded volume during the week but failed to make price gains during the week.
UPL Ltd Fully Paid Ord. Shrs (NSE: UPL), MindTree Ltd (NSE: MINDTREE) and Mastek (NSE: MASTEK) were the three shares which witnessed spike in their traded volumes. But, all three stocks witnessed negative price momentum and declined during the week. UPL stock declined by 7% during the week to end at Rs467 from Rs 501. MINDTREE stock price declined by 12% during the week. MINDTREE closed at Rs 1325 at the end of the week from Rs 1504 in the beginning of the week. MASTEK stock price also declined by 8% during the week. MASTEK stock closed week at price of Rs 810 down from Rs 888.
Voltas Ltd (NSE: VOLTAS) gained 446% in its traded volume during the week but managed to close the week with only 2% price gains. VOLTAS stock price was up at Rs 701 at the end of the week from Rs 685. P I Industries Ltd (PIIND) witnessed 203% spike in its traded volumes. But the stock price managed to gain only 4% during the week.
Sintex Ltd (NSE: SINTEX) was the only penny stock in the top ten list. SINTEX stock managed to deliver 19% price gains during the week. SINTEX stock closed at Rs 2.5 from Rs2.1.