Volumes jump at Mahindra Holidays & Resorts India counter

Wim Plast, Raymond, Amara Raja Batteries and NHPC are among the other stocks to see a surge in volumes on BSE today, 27 April 2016.

Mahindra Holidays & Resorts India clocked volume of 6.23 lakh shares by 13:32 IST on BSE, a 181.86-times surge over two-week average daily volume of 3,000 shares. The stock lost 2.19% at Rs 389.

Wim Plast notched up volume of 51,000 shares, a 48.26-fold surge over two-week average daily volume of 1,000 shares. The stock rose 1.4% at Rs 1,814.

Raymond saw volume of 1.43 lakh shares, a 16.68-fold surge over two-week average daily volume of 9,000 shares. The stock was up 6.38% at Rs 424.05 after consolidated net profit rose 162% to Rs 56 crore on 7% growth in revenue to Rs 1541 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 26 April 2016.

Amara Raja Batteries clocked volume of 3.15 lakh shares, a 13.03-fold surge over two-week average daily volume of 24,000 shares. The stock fell 0.52% at Rs 945.

NHPC saw volume of 35.47 lakh shares, a 12.3-fold rise over two-week average daily volume of 2.88 lakh shares. The stock tumbled 6.07% at Rs 21.65 as the offer for sale by the Government of India to sell a 11.36% stake in the company through the stock exchanges mechanism began at 9:15 IST today, 27 April 2016. The announcement was made after market hours yesterday, 26 April 2016.

NHPC's promoter and principal shareholder Government of India (GoI) is selling up to 125.76 crore equity shares, constituting 11.36% of the total paid up equity share capital of the company, through Offer for Sale (OFS) via the stock exchanges mechanism. The floor price for the OFS was fixed at Rs 21.75 per share. The floor price is at a discount of 5.63% to the stock's closing price of Rs 23.05 on BSE yesterday, 26 April 2016.

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