Volumes jump at Shoppers Stop counter

Natco Pharma, United Breweries, Manappuram Finance and Hero MotoCorp are among the other stocks to see a surge in volumes on BSE today, 26 November 2015.

Shoppers Stop clocked volume of 2.52 lakh shares by 14:15 IST on BSE, a 246.96 times surge over two-week average daily volume of 1,000 shares. The stock rose 1.65% at Rs 400.60.

Natco Pharma notched up volume of 2.35 lakh shares, a 60.12-fold surge over two-week average daily volume of 4,000 shares. The stock surged 6.23% at Rs 547.20.

United Breweries saw volume of 4.3 lakh shares, a 47.88-fold surge over two-week average daily volume of 9,000 shares. The stock declined 2.88% at Rs 929.80.

Manappuram Finance clocked volume of 1.21 crore shares, a 33.74-fold surge over two-week average daily volume of 3.59 lakh shares. The stock jumped 8.93% at Rs 24.40.

Hero MotoCorp saw volume of 5.73 lakh shares, a 22.71-fold rise over two-week average daily volume of 25,000 shares. The stock rose 0.81% at Rs 2,667.35. The media reports suggested that US private equity firm Bain Capital has launched a deal to sell its entire holding of 29.8 lakh shares of Hero MotoCorp at a discount to the stock's ruling market price. Bain launched the deal to sell Hero MotoCorp shares in the indicative price band of between Rs 2,570 and Rs 2,600 per share, according to reports. Bain's holding in Hero MotoCorp is through its unit BC India Private Investors II.

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