Volumes jump at Idea Cellular counter

Federal Bank, Alkem Laboratories, Jaiprakash Associates and Lambodhara Textiles are among the other stocks to see a surge in volumes on BSE today, 1 April 2016.

Idea Cellular clocked volume of 33.41 lakh shares by 14:02 IST on BSE, a 9.02 times surge over two-week average daily volume of 3.70 lakh shares. The stock lost 2.69% at Rs 106.80 after a large bulk deal of 30.55 lakh shares was executed at Rs 107.60 per share at 12:04 IST on BSE.

Federal Bank notched up volume of 21.40 lakh shares, a 8.97-fold surge over two-week average daily volume of 2.39 lakh shares. The stock rose 0.87% at Rs 46.50.

Alkem Laboratories saw volume of 57,000 shares, a 3.59-fold surge over two-week average daily volume of 16,000 shares. The stock fell 3.95% at Rs 1,312.50 after the company said that UK Medicines and Healthcare Products Regulatory Agency has made eight observations on the company's bioequivalence facility located at Taloja, Maharashtra. The announcement was made after market hours yesterday, 31 March 2016.

Jaiprakash Associates clocked volume of 99.57 lakh shares, a 3.35-fold surge over two-week average daily volume of 29.73 lakh shares. The stock spurted 10.34% at Rs 8.43 after the board of directors of the company approved the definitive agreement with UltraTech Cement for sale of part of its cement business.

Lambodhara Textiles saw volume of 8.62 lakh shares, a 3.18-fold rise over two-week average daily volume of 2.71 lakh shares. The stock tumbled 9.75% at Rs 150.

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