Trend based on Trailing 10 Volume Momentum of Nifty Index Share
Despite tumultuous trading in US markets last week impacting stock trading in domestic market, huge number of shares witnessed spike in trading volumes and a lot of them also delivered positive price change for the week.
Of the top ten volume momentum Nifty Index shares six were from Nifty500, three from Nifty250 and one from Nifty50. WIPRO was the only major stock which saw tremendous surge in the volume. The stock witnessed 34000% increase in traded volume on Friday, in past ten days its stock volume under trade rose by 10000%. Despite choppy trades in the beginning of the week, WIPRO witnessed 5% increase in its stock price.
Strides Pharma Science (NSE: STAR) witnessed both surge in volume and price. The stock delivered highest price gains for the week, its price rose by 16% during the week. Mastek Ltd (NSE: MASTEK) was another stock with delivered over ten percent increase in its prices. MASTEK stock price rose by 12% during the week.
HINDCOPPER, JUSTDIAL and OBEROIRLTY were three stocks that sunk during last week, increase in trading volume was accompanied by decline in prices resulting negative price returns during the week.
