Volumes jump at M&M Financial Services counter

Elantas Beck India, Westlife Development, HCL Technologies and IDFC are among the other stocks to see a surge in volumes on BSE today, 1 October 2015.

M&M Financial Services clocked volume of 41.82 lakh shares by 13:45 IST on BSE, a 45.17 times surge over two-week average daily volume of 93,000 shares. The stock declined 0.48% at Rs 237.

Elantas Beck India notched up volume of 42,000 shares, a 44.68-fold surge over two-week average daily volume of 1,000 shares. The stock rose 0.52% at Rs 1,259.

Westlife Development clocked volume of 3.5 lakh shares, a 17.99-fold surge over two-week average daily volume of 19,000 shares. The stock gained 3.19% at Rs 268.70.

HCL Technologies saw volume of 7.58 lakh shares, a 8.93-fold surge over two-week average daily volume of 85,000 shares. The stock plummeted 11.05% at Rs 873.65. HCL Technologies through pre-earnings brief highlighted that in the quarter ending 30 September 2015, its revenue growth is likely to be tepid on account of adverse currency impact, a client specific issue and skewness in revenue growth due to transition timelines for complex engagements particularly in infrastructure services. The company will unveil Q1 September 2015 results in the fourth week of October 2015. The announcement was made after market hours yesterday, 30 September 2015.

IDFC saw volume of 1.38 crore shares, a 7.53-fold rise over two-week average daily volume of 18.35 lakh shares. The stock slumped 56.48% at Rs 61.50. The demerger scheme takes effect today, 1 October 2015, when financing undertaking of IDFC gets transferred to IDFC Bank.

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