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Volumes jump at Poddar Housing and Development counter

Capital Market 

Bharti Infratel, Sobha, Projects and Mahamaya Steel Industries are among the other stocks to see a surge in volumes on today, 8 August 2017.

Poddar Housing and Development clocked volume of 3.58 lakh shares by 12:54 IST on BSE, a 3445.87-times surge over two-week average daily volume of 104 shares. The stock fell 0.72% to Rs 1,035.

Bharti Infratel notched up volume of 8.64 crore shares, a 935.90-fold surge over two-week average daily volume of 92,000 shares. The stock fell 3.66% to Rs 383.35.

via its wholly owned subsidiary, Nettle Infrastructure Investments (Nettle), today, 8 August 2017, announced the successful divestment of 6.75 crore shares of its subsidiary Bharti Infratel through a secondary share sale in the stock market (NSE, BSE). The sale was for a total consideration of over Rs 2570 crore (over $400 million) and was executed at a price of Rs 380.60 per share, representing a discount of 4.35% to Bharti Infratel's previous day's closing price of Rs 397.90.

Sobha saw volume of 5.60 lakh shares, a 28.36-fold surge over two-week average daily volume of 20,000 shares. The stock fell 1.33% to Rs 379.55.

Projects clocked volume of 1.58 crore shares, a 26.22-fold surge over two-week average daily volume of 6.06 lakh shares. The stock fell 12.17% to Rs 4.33.

Mahamaya Steel Industries saw volume of 9.05 lakh shares, a 25.47-fold rise over two-week average daily volume of 36,000 shares. The stock rose 13.44% to Rs 88.65.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 08 2017. 12:58 IST