Volume Shocker: Hitachi Home and Life Solutions (India)

Hitachi Home and Life Solutions (India) has soared 17% to Rs 147 on over 30-fold surge in trading volumes.

As many as a combined 1.99 million shares representing almost 29% free-float equity of the consumer electronics maker have changed hands on the counter till early noon deals, against an average 61,000 shares that were traded daily in past two weeks on the NSE and BSE. The stock opened at Rs 130 and hit a high of Rs 148 on the BSE.

According to media reports, Hitachi Home & Life Solutions (India) Ltd (HHLI), a subsidiary of Hitachi Appliance Inc, Japan has increased its market share in the room air-conditioner market to 7.3% in May 2012 from 5.2% in July 2011.