Volumes jump at IIFL Holdings counter

Idea Cellular, J Kumar Infraprojects, Gayatri Projects and Unichem Laboratories are among the other stocks to see a surge in volumes on BSE today, 3 June 2016.

IIFL Holdings clocked volume of 14.53 lakh shares by 13:45 IST on BSE, a 538.36 times surge over two-week average daily volume of 3,000 shares. The stock jumped 9.03% at Rs 227.

Idea Cellular notched up volume of 2.33 crore shares, a 51.43-fold surge over two-week average daily volume of 4.54 lakh shares. The stock slumped 9.93% to Rs 106.60 after reports that a private equity investor has pared its stake in the company through bulk deals today, 3 June 2016. A bulk deal of 76.51 lakh shares was executed on the Idea Cellular scrip at Rs 111.20 per share at the opening bell on BSE today, 3 June 2016. As per reports, private equity investor Providence Equity Partners has offloaded almost half of its holding in Idea Cellular through bulk deals on BSE and NSE today, 3 June 2016. Providence Equity Partners through P5 Asia Investments (Mauritius) owned 6.81% stake in Idea Cellular as on 31 March 2016.

J Kumar Infraprojects saw volume of 2.66 lakh shares, a 25.28-fold surge over two-week average daily volume of 11,000 shares. The stock advanced 0.98% at Rs 243.05.

Gayatri Projects clocked volume of 2.94 lakh shares, a 24.75-fold surge over two-week average daily volume of 12,000 shares. The stock shed 0.46% at Rs 577.50.

Unichem Laboratories saw volume of 3.96 lakh shares, a 20.85-fold rise over two-week average daily volume of 19,000 shares. The stock declined 2.7% at Rs 261.35.

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