Volumes jump at Eros International Media counter

Gujarat State Fertilizers and Chemicals, ISGEC Heavy Engineering, Axis Bank and Sun Pharmaceutical Industries are among the other stocks to see a surge in volumes on BSE today, 26 October 2015.

Eros International Media clocked volume of 6.10 lakh shares by 13:40 IST on BSE, a 19.60 times surge over two-week average daily volume of 31,000 shares. The stock slumped 17.94% at Rs 359.50. As per reports, a leading Wall Street bank lowered the rating of its parent firm, Eros International amid concerns over the revenues the company is generating from its UAE business. The bank reportedly also raised doubts over whether the company will actually be free cash flow (FCF) positive by FY 2016, as previously guided and also over the validity of the actual ErosNow user count.

Gujarat State Fertilizers and Chemicals notched up volume of 13.67 lakh shares, a 15.83-fold surge over two-week average daily volume of 86,000 shares. The stock jumped 10.01% at Rs 76.35. The company's net profit rose 14.7% to Rs 142.64 crore on 18.9% growth in net sales to Rs 1762.18 crore in Q2 September 2015 over Q2 September 2014. The Q2 result was announced after market hours on Friday, 23 October 2015.

ISGEC Heavy Engineering saw volume of 10,000 shares, a 6.19-fold surge over two-week average daily volume of 2,000 shares. The stock advanced 0.45% at Rs 5,325.

Axis Bank clocked volume of 21.42 lakh shares, a 4-fold surge over two-week average daily volume of 5.36 lakh shares. The stock rose 0.02% at Rs 525.80.

Sun Pharmaceutical Industries saw volume of 4.78 lakh shares, a 3.73-fold rise over two-week average daily volume of 1.28 lakh shares. The stock gained 0.53% at Rs 889.60.

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