Volumes jump at Bajaj Finance counter

Man Industries (India), Gujarat Pipavav Port, Piramal Enterprises and Bharat Electronics are among the other stocks to see a surge in volumes on BSE today, 10 April 2014.

Bajaj Finance clocked volume of 2.02 lakh shares by 13:34 IST on BSE, a 78.09-times surge over two-week average daily volume of 3,000 shares. The stock rose 2.55% at Rs 1,797.40 after a bulk deal of 2 lakh shares was executed on the counter on BSE today, 10 April 2014. A bulk deal of 2 lakh shares was executed on the Bajaj Finance counter at Rs 1,782 per share at 10:40 IST on BSE today, 10 April 2014. The bulk deal saw 0.39% of Bajaj Finance's equity changing hands.

Man Industries (India) notched up volume of 8.52 lakh shares, a 52.16-fold surge over two-week average daily volume of 16,000 shares. The stock jumped 9.92% at Rs 71.50 after the company said that it has built up order book, which includes the recently received orders from domestic and international customers.

Man Industries (India) after market hours on Wednesday, 9 April 2014 said it has built up order book of approximately Rs 1200 crore, which includes the recently received orders worth approximately Rs 700 crore from domestic and international customers for supply of large diameter pipes for oil and gas as well as water sector projects. In addition to the above confirmed order the company has outstanding bids over $1 billion at various stages of evaluation for several other oil, gas and water projects in India and abroad, the company said.

Gujarat Pipavav Port saw volume of 28.25 lakh shares, a 26.1-fold surge over two-week average daily volume of 1.08 lakh shares. The stock rose 1.09% at Rs 87.85.

Piramal Enterprises clocked volume of 1.26 lakh shares, a 17.6-fold surge over two-week average daily volume of 7,000 shares. The stock surged 5.75% at Rs 567 after the company during trading hours today, 10 April 2014 said it has agreed to divest its entire equity stake, comprising 4.54 crore shares (approximately 11%), in Vodafone India to Prime Metals, an indirect subsidiary of Vodafone Group Plc, for a total consideration of Rs 8900 crore, valuing the shares of Vodafone India at Rs 1,960 per share. Piramal had acquired these shares at an average price of Rs 1,290 per share for a total consideration of Rs 5864 crore in two tranches during FY 2012.

Bharat Electronics saw volume of 53,000 shares, a 9.44-fold rise over two-week average daily volume of 6,000 shares. The stock rose 0.2% at Rs 1,135.25.

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