Volumes jump at Godrej Consumer Products counter

Adani Ports & Special Economic Zone, Trent, Linde India and Ipca Laboratories are among the other stocks to see a surge in volumes on BSE today, 4 May 2016.

Godrej Consumer Products clocked volume of 3.56 lakh shares by 13:50 IST on BSE, a 19.67-times surge over two-week average daily volume of 18,000 shares. The stock fell 2.1% at Rs 1,333.05 after a bulk deal of 3.50 lakh shares was executed on the scrip at Rs 1,364.65 per share in opening bell on BSE today, 4 May 2016.

Adani Ports & Special Economic Zone notched up volume of 24.42 lakh shares, a 7.67-fold surge over two-week average daily volume of 3.18 lakh shares. The stock slumped 12.02% at Rs 207.55 on equity dilution worries after the company's board sought shareholders' approval to raise funds by issue of equity shares/convertible bonds for up to Rs 10000 crore. The board has also decided to seek shareholders' approval to issue secured/unsecured redeemable non-convertible debentures on private placement basis within the overall borrowing limits of the company. Adani Ports and Special Economic Zone (APSEZ)'s consolidated net profit rose 38.34% to Rs 914.06 crore on 18% increase in total income to Rs 2161.65 crore in Q4 March 2016 over Q4 March 2015. EBITDA (earnings before interest, taxes, depreciation and amortization) excluding other income rose 12% to Rs 1225 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 3 May 2016.

Trent saw volume of 91,000 shares, a 7.64-fold surge over two-week average daily volume of 12,000 shares. The stock rose 0.1% at Rs 1,705.

Linde India clocked volume of 2.67 lakh shares, a 7.22-fold surge over two-week average daily volume of 37,000 shares. The stock rose 1.04% at Rs 266.

Ipca Laboratories saw volume of 3.52 lakh shares, a 4.15-fold rise over two-week average daily volume of 85,000 shares. The stock fell 0.56% at Rs 490.75.

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