Volumes jump at HDFC counter

Mirza International, Panasonic Carbon India Co, Bank of Baroda and Cipla are among the other stocks to see a surge in volumes on BSE today, 17 August 2015.

HDFC clocked volume of 6.17 lakh shares by 12:48 IST on BSE, a 4.34-times surge over two-week average daily volume of 1.42 lakh shares. The stock fell 1.12% to Rs 1,285.25.

Mirza International notched up volume of 10.94 lakh shares, a 3.41-fold surge over two-week average daily volume of 3.21 lakh shares. The stock rose 1.10% to Rs 128.80.

Panasonic Carbon India Co saw volume of 2.12 lakh shares, a 3.25-fold surge over two-week average daily volume of 65,000 shares. The stock rose 0.73% to Rs 690.25.

Bank of Baroda clocked volume of 23.57 lakh shares, a 3.21-fold surge over two-week average daily volume of 7.34 lakh shares. The stock rose 14.42% to Rs 211.05.

The government after market hours on Friday, 14 August 2015, announced the appointment of MD and CEOs of five public sector banks (PSU banks) and Non-executive Chairman of five PSU banks. The government also announced capital allocation of Rs 20088 crore to a total of 13 PSU banks as part of Tranche 1 and Tranche 2 of recapitalization announced recently. The government also announced the structure of Bank Board Bureau (BBB) which will replace the Appointments Board for appointment of Whole-Time Directors and Non-Executive Chairman of PSU banks. The government also announced a new framework of Key Performance Indicators (Kpis) to be measured for evaluating the performance of PSU banks.

Government will infuse Rs 1786 crore in Bank of Baroda. Meanwhile, P S Jayakumar was appointed as MD & CEO of Bank of Baroda while Ravi Venkatesan was appointed as Non-Executive Chairman of the bank.

Cipla saw volume of 4.76 lakh shares, a 3.19-fold rise over two-week average daily volume of 1.49 lakh shares. The stock fell 3.44% to Rs 715 after consolidated net profit surged 120.9% to Rs 650.61 crore on 41.3% rise in total income to Rs 3901.70 crore in Q1 June 2015 over Q1 June 2014. The result was announced after market hours on Friday, 14 August 2015.

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