Arvee Laboratories, Mastek, IRCON International: Check the list of stocks that are witnessing high-volume today

At 11:27 AM, the S&P BSE SENSEX was soared 816.28 points, or 1.10%, at the 74,986.23 level, while NSE’s NIFTY50 was at the 22,748.15 level, rising 239.40 points, or 1.06%.

Among the top gainers were Shriram Finance, Larsen and Toubro (L&T), ICICI Bank, Hindalco and Tata Motors, contributing as much as 2.57% on the National Stock Exchange.

Only 4 stocks were trading negative on the 50-share index, which includes Bajaj Finserv, IndusInd Bank, Bharat Petroleum and Bajaj Finance, falling as much as 1.62%.

A volume in the stock volume is the number of shares traded in a specific period. A spurt in volume means the stock is witnessing a lot of interest or activity happening around the equity market.

Market investors use this metric to determine their interest in a stock.

Following that, volumes at the Mastek Limited counter were 8.57 times higher than the daily average; however, the IRCON International Limited counter saw 16.11 times higher volume than the daily average.

Shares of the government-owned IRCON International jumped as much as 8.85% to hit an intraday high of ₹150.40. The sharp jump in IRCON International shares came after the company informed stock exchanges on Monday evening that its joint venture with Badri Rai and Company won a contract from the government of Meghalaya.

Similarly, counters of HP Adhesives Limited and Uttam Sugar Mills Limited witnessed 6.27- and 6.26-times higher volume than the daily average, respectively. While volumes at the Niraj Cement Structurals counter were 6.12 times higher than the daily average. This is the second day of Niraj Cement seeing higher trading volumes.

Counters of T T Limited and TVS Electronics Limited saw 4.82 times and 4.67 times higher trading volumes during the day. LG Balakrishnan & Bros Limited and Brigade Enterprises Limited saw 3.63 times and 3.50 times higher volumes, respectively.

Last week, realty firm Brigade Enterprises had said it is targeting ₹2,700 crore revenue from its new housing project in Bengaluru.

Arvee Laboratories (India) Limited shares on Tuesday were trading 2.25% lower during the intraday session. Mastek shares jumped 13.29%, and HP Adhesives stock also soared 16.66%.

Uttam Sugar Mills shares gained 20%, followed by T T Limited rising 19.98%, while Niraj Cement shares were trading 6.4% higher.

Shares of TVS Electronics and LG Balakrishnan were trading 15.41% and 5.7% higher, respectively. However, Brigade Enterprises stock declined marginally by 0.07%.