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  1. Embassy Developments, Home First Finance, HPCL shares spurt amid spike in volumes; check full list

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Embassy Developments, Home First Finance, HPCL shares spurt amid spike in volumes; check full list

SUMMARY

Embassy Developments shares rose as much as 6% to hit an intraday high of ₹65.75 after the company said that its pre-sales in June quarter came in at ₹888 crore compared with ₹198 crore in the same period last year.

Buzzing stocks, NIFTY50, SENSEX

HPCL shares declined as much as 4.47% to touch an intraday low of ₹387.60 after crude oil prices jumped in global markets. | Image: Shutterstock

The Indian equity benchmarks were on track to end lower for a second straight session on Wednesday, July 8, as market sentiment turned cautious after tensions in West Asia resurfaced sending crude oil 3% higher.

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The SENSEX fell as much as 625 points and NIFTY50 index touched an intraday low of 25,206 dragged down by losses in index heavyweights like Reliance Industries, ICICI Bank, Axis Bank, ITC, Bharti Airtel and Hindustan Unilever.

As of 12:07 pm, the SENSEX was down 536 points at 77,645 and NIFTY50 index declined 162 points to 24,237.

Here are stocks witnessing heavier than usual trading volumes:
Embassy Developments: Shares of the Gurugram-based real estate developer rose as much as 6% to hit an intraday high of ₹65.75 after the company said that its pre-sales in June quarter came in at ₹888 crore compared with pre-sales of ₹198 crore in the same period last year.

Its collections in Q1 jumped to ₹496 crore from ₹322 crore in the year-ago period.

The stock was witnessing heightened trading activity as volumes jumped 2.5 times to 54.67 lakh shares compared with an average volume of 21.88 lakh shares.

Home First Finance: Shares of the housing finance company declined 1% to ₹1,198 amid spike in trading activity.

Trading volume on the National Stock Exchange (NSE) jumped 2.4 times to 4.97 lakh shares compared with an average volume of 2.05 lakh shares.

On the BSE, 5.22 lakh shares changed hands compared with an average of 31,000 shares traded daily in the past two weeks.

Kalyan Jewellers: Shares of the Thrissur-based jewellery retailer rose as much as 7.11% to hit an intraday high of ₹380 amid spike in trading activity.

On the BSE, trading volume jumped to 49 lakh shares compared with an average of 4.09 lakh shares traded daily in the past two weeks.

Trading volume on the NSE jumped by 2.2 times to 1.73 crore shares compared with an average volume of 78.42 lakh shares.

Meanwhile, global investment firm Citi in a note said that Kalyan Jewellers footfalls in Middle East were impacted by geopolitical tensions and its asset-light model will aid deleveraging and improve return on capital employed (RoCE) going ahead.

Hindustan Petroleum: Shares of the state-run oil marketing company declined as much as 4.47% to touch an intraday low of ₹387.60 after crude oil prices jumped in global markets after United States carried out targeted retaliation air strikes on 80 locations in Iran in response to the West Asian country allegedly violating the ceasefire agreement.

Trading volume in BPCL jumped by 1.6 times to 65.64 lakh shares compared with an average volume of 41.65 lakh shares.

Cochin Shipyard: Shares of the state-run ship builder dropped as much as 3.26% to hit an intraday low of ₹1,401 amid spike in trading activity.

Trading volume in the stock jumped 1.9 times to 41 lakh shares compared with an average volume of 21.87 lakh shares.

On the BSE, 2.48 lakh shares changed hands compared with an average of 1.73 lakh shares traded daily in the past two weeks.

Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.

About The Author

Abhishek Vasudev.jpg
Abhishek Vasudev is a business journalist with over 15 years of experience covering business and markets. He has worked for leading media organisations of the country.

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