Alkyl Amines, Trident shares surge over 5%, Signature Global drops over 10% amid heavy trading volumes

Shares of Alkyl Amines Chemicals and Trident rose as much as 8% and 8.6% respectively on the National Stock Exchange (NSE) while Signature Global shares dropped as much as 14% amid higher than usual trading volumes.

Alkyl Amines Chemicals shares surged as much as 8% to hit an intraday high of ₹1,662 amid higher than usual trading activity. Trading volume in the stock spiked by more than 50 times to 20.30 lakh shares on the NSE compared with an average of 35,313 shares.

On the BSE, as many as 66,000 shares changed hands compared with an average of 2,191 shares traded daily in the past two weeks.

Shares of Trident, the textile products maker, rose nearly 6% to hit an intraday high of ₹28.50 amid unusually high trading volumes. Trading volume in the counter jumped by 29 times to 8.28 crore shares compared with an average trading volume of 28.26 lakh shares.

On the BSE, 75 lakh shares changed hands as against an two-week average of 4.23 lakh shares.

The company's board on Tuesday approved the acquisition of mytrident.com, an unlisted public limited company as domestic wholly owned subsidiary (DWOS) of the company.

On the flipside, shares of Signature Global, the Gurugram-based real estate firm, dropped nearl14% to hit an intraday low of ₹951.50 amid spike in trading volumes.

Trading volume in Signature Global jumped by 15 times to 34.37 lakh shares as against an average trading volume of 2.34 lakh shares.

On the BSE, 2.46 lakh shares changed hands as against an average of 13,000 shares traded daily in the past two weeks.