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Volumes jump at Castrol India counter

Capital Market 

Sangam (India), Torrent Power, Mold-Tek Technologies and Cholamandalam Investment and Finance Company are among the other stocks to see a surge in volumes on BSE today, 19 May 2016.

Castrol India clocked volume of 6.51 crore shares by 12:43 IST on BSE, a 381.13-times surge over two-week average daily volume of 1.71 lakh shares. The stock fell 3.41% to Rs 372.10 on reports that its UK-based foreign promoter Castrol Limited UK is selling up to 10.5% stake in the company through a block deal route on the exchanges today, 19 May 2016. Reports suggested that the share sale is happening at an indicative range of Rs 355-385.25 per share. Castrol Limited UK held 70.92% stake in Castrol India as per the shareholding pattern as on 31 March 2016.

Sangam (India) notched up volume of 1.70 lakh shares, a 32.42-fold surge over two-week average daily volume of 5,000 shares. The stock rose 4.30% to Rs 288.60.

Torrent Power saw volume of 10.56 lakh shares, a 15.43-fold surge over two-week average daily volume of 68,000 shares. The stock fell 13.67% to Rs 196.10.

Mold-Tek Technologies clocked volume of 15.15 lakh shares, a 12.82-fold surge over two-week average daily volume of 1.18 lakh shares. The stock fell 13.31% to Rs 46.55.

Cholamandalam Investment and Finance Company saw volume of 1.01 lakh shares, a 7.72-fold rise over two-week average daily volume of 13,000 shares. The stock fell 0.23% to Rs 885.

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First Published: Thu, May 19 2016. 12:50 IST