Volumes jump at Info Edge (India) counter

Binny Mills, Maruti Suzuki India, Hexaware Technologies and Sterlite Industries (India) are among the other stocks to see a surge in volumes on BSE today, 20 August 2013.

Info Edge (India) clocked volume of 4 lakh shares by 12:38 IST on BSE, a 6.47-times surge over two-week average daily volume of 62,000 shares. The stock fell 0.47% to Rs 305.

Binny Mills notched up volume of 70,000 shares, a 5.60-fold surge over two-week average daily volume of 13,000 shares. The stock fell 2% to Rs 834.90.

Maruti Suzuki India saw volume of 1.20 lakh shares, a 2.52-fold surge over two-week average daily volume of 47,000 shares. The stock fell 1.73% to Rs 1,286.45.

Hexaware Technologies clocked volume of 4.89 lakh shares, a 1.97-fold surge over two-week average daily volume of 2.48 lakh shares. The stock tumbled 6.81% to Rs 115.60. According to media reports, Baring Private Equity Partners Asia is set to buy Hexaware in a deal estimated at about $400 million. Baring Asia is in advanced talks to acquire 42% stake held by promoter Atul Nishar family and private equity investor General Atlantic Partners. The acquirer would follow it up with the mandatory open offer for an additional 26% shares, pegging the size of the final deal between $350 and $400 million, the media report added.

Sterlite Industries (India) saw volume of 8.09 lakh shares, a 1.49-fold rise over two-week average daily volume of 5.44 lakh shares. The stock rose 0.92% to Rs 76.40.

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