Volumes jump at VRL Logistics counter

Essel Propack, Greenply Industries, Container Corporation of India and Tech Mahindra are among the other stocks to see a surge in volumes on BSE today, 25 May 2016.

VRL Logistics clocked volume of 22.56 lakh shares by 13:07 IST on BSE, a 76.22-times surge over two-week average daily volume of 30,000 shares. The stock tumbled 9.28% to Rs 285.85, extending Tuesday's 20% slide triggered by the announcement that the company's promoters may dilute a portion of their stake in the company to fund their proposed airline venture.

Essel Propack notched up volume of 5.83 lakh shares, a 42.55-fold surge over two-week average daily volume of 14,000 shares. The stock lost 2.77% at Rs 196.70.

Greenply Industries saw volume of 6.49 lakh shares, a 25.08-fold surge over two-week average daily volume of 26,000 shares. The stock surged 6.73% at Rs 210.85.

Container Corporation of India clocked volume of 1.83 lakh shares, a 10.91-fold surge over two-week average daily volume of 17,000 shares. The stock fell 0.87% at Rs 1,370.70.

Tech Mahindra saw volume of 7.33 lakh shares, a 10.63-fold rise over two-week average daily volume of 69,000 shares. The stock jumped 8.3% at Rs 519.05 on reports a domestic brokerage has raised its price target on the stock while retaining its accumulate rating in the wake of the company's strong Q4 March 2016 results. The domestic brokerage reportedly said that Tech Mahindra remains its top pick among Tier I offshore IT services firms, with results providing early evidence of improvement in operational/financial performance.

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