Phoenix Mills, Glenmark Pharmaceuticals, Shalimar Paints and Asian Paints are among the other stocks to see a surge in volumes on BSE today, 12 May 2017.
Orient Bell clocked volume of 14.94 lakh shares by 12:59 IST on BSE, a 187.03-times surge over two-week average daily volume of 8,000 shares. The stock surged 15.99% to Rs 265.85.
Phoenix Mills notched up volume of 1.28 lakh shares, a 31.57-fold surge over two-week average daily volume of 4,000 shares. The stock rose 1.49% to Rs 418.
Glenmark Pharmaceuticals saw volume of 9.05 lakh shares, a 22.93-fold surge over two-week average daily volume of 39,000 shares. The stock tumbled 14.1% to Rs 776.85. Glenmark Pharmaceuticals reported Q4 March 2017 results after trading hours yesterday, 11 May 2017, which missed market expectations.
On a consolidated basis, Glenmark Pharmaceuticals' net profit rose 23.49% to Rs 183.76 crore on 10.23% rise in net sales to Rs 2424.41 crore in Q4 March 2017 over Q4 March 2016. Consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) grew by 46.26% at Rs 443.84 crore in Q4 March 2017 over Q4 March 2016.
Shalimar Paints clocked volume of 4.44 lakh shares, a 8.05-fold surge over two-week average daily volume of 55,000 shares. The stock jumped 12.56% to Rs 267.
Asian Paints saw volume of 7.24 lakh shares, a 7.83-fold rise over two-week average daily volume of 92,000 shares. The stock lost 2.81% to Rs 1,135.
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