Volume refers to the total number of shares traded during a given period. High volume buzz refers to a surge in activity and attention around a particular stock, sector, or market event, and typically suggests strong interest from institutional or retail investors. At 1 pm, Nifty 50 was trading at Rs 23,634.95, gaining 285 points from the previous close.
Listed below are the stocks that saw the highest volume spurt on Monday.
Weizmann Limited
With a market capitalization of Rs 190.57 crore, the shares of Weizmann Limited hit a 20 percent upper circuit on Monday. The shares saw a volume of 271.88K on NSE, which is 43 times higher than the daily average.
Weizmann Limited is an Indian textile firm with expertise in processing and exports, primarily catering to the African market. Its offerings are Pracale, Cotton Voiles, and African Prints. The company’s textile process ranges from inspection to finishing.
Finolex Industries Limited
With a market capitalization of Rs 11,900.75 crore, the shares of Finolex Industries Limited jumped over 13 percent on Monday. The shares saw a volume of 22.3M on NSE, which is about 23.5 times higher than the daily average.
Finolex Industries Limited, the largest PVC Pipes & Fittings manufacturer in India is also involved in the production of PVC Resin. It has a range of high quality and long lasting PVC-U pipes and fittings. These are employed in sectors such as construction, industrial activities, and agriculture.
ABM International Limited
With a market capitalization of Rs 46.76 crore, the shares of ABM International Limited surged 5 percent on Monday. The shares saw a volume of 4.3K on NSE, which is 16.79 times higher than the daily average.
ABM International Limited, specializes in importing and trading plastic raw materials, including PVC leather cloth and finished leather. It primarily deals in PVC resin, finished leather, Dioctyl Phthalate (DOP), urea, and other related materials.
Finolex Cables Limited
With a market capitalization of Rs 14,392.36 crore, the shares of Finolex Cables Limited surged 14 percent on Monday. The shares saw a volume of 10.69M on NSE, which is 11.03 times higher than the daily average.
Finolex Cables Limited, a leading manufacturer of electrical and telecom cables. Its primary segments include Electrical Cables, Communication Cables, Copper Rods and Others.
Written by Shwetha Sairam
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