Volumes jump at KPIT Technologies counter

MMTC, Dabur India, Vadilal Industries and Cadila Healthcare are among the other stocks to see a surge in volumes on BSE today, 25 June 2015.

KPIT Technologies clocked volume of 29.13 lakh shares by 13:10 IST on BSE, a 23.17 times surge over two-week average daily volume of 1.26 lakh shares. The stock lost 6.3% at Rs 92.90. According to market rumours, the promoters, foreign institutional investors (FIIs) and domestic institutional investors (DIIs) are decreasing stake in KPIT Technologies. Further, rumours also suggested that the company has cancelled its dividend.

MMTC notched up volume of 18.51 lakh shares, a 16.38-fold surge over two-week average daily volume of 1.13 lakh shares. The stock gained 14.02% at Rs 52.45. The Union Cabinet yesterday, 24 June 2015, gave its approval to renew long term agreement with Japanese and South Korean steel mills for supply of high grade Indian iron ore during the three year period from April 2015 to March 2018. The quantities covered under the agreement will be in the range of 3.8 million tonnes to 5.5 million tonnes per year and will be supplied primarily from the mines of NMDC. The contract will be executed by MMTC.

Dabur India saw volume of 7.84 lakh shares, a 11.3-fold surge over two-week average daily volume of 69,000 shares. The stock advanced 1.55% at Rs 277.60

Vadilal Industries clocked volume of 2.29 lakh shares, a 10.38-fold surge over two-week average daily volume of 22,000 shares. The stock jumped 11.44% at Rs 635.75.

Cadila Healthcare saw volume of 54,000 shares, a 7.6-fold rise over two-week average daily volume of 7,000 shares. The stock fell 1.57% at Rs 1,720.70.

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