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Volumes jump at Essel Propack counter

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Capital Market

Cerebra Integrated Technologies, Max Ventures and Industries, Carborundum Universal and IIFL Holdings are among the other stocks to see a surge in volumes on BSE today, 10 January 2017.

Essel Propack volume of 2.33 lakh shares by 12:25 IST on BSE, a 108.8-times surge over two-week average daily volume of 2,141 shares. The stock fell 0.78% to Rs 246.95.

Cerebra Integrated Technologies notched up volume of 1.03 crore shares, a 18.68-fold surge over two-week average daily volume of 5.55 lakh shares. The stock slumped 8.98% to Rs 26.85.

Max Ventures and Industries saw volume of 16.81 lakh shares, a 11.01-fold surge over two-week average daily volume of 1.53 lakh shares. The stock surged 14.69% to Rs 76.90 after the company said that it will sell 22.5% stake to a subsidiary of New York Life Insurance Company.

 

The board of the company made a preferential offer, subject to shareholders' approval, to issue common stock to a subsidiary of New York Life Insurance Company. The announcement was made after market hours yesterday, 9 January 2017.

Carborundum Universal clocked volume of 4.08 lakh shares, a 8.83-fold surge over two-week average daily volume of 46,000 shares. The stock declined 0.63% to Rs 254.10.

IIFL Holdings saw volume of 6.82 lakh shares, a 6.57-fold rise over two-week average daily volume of 1.04 lakh shares. The stock rose 0.78% to Rs 260.

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First Published: Jan 10 2017 | 12:24 PM IST

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