return to news
  1. Firtscry, MMTC, GNFC shares surge over 4% amid spike in trading volume; check full list

Market News

Firtscry, MMTC, GNFC shares surge over 4% amid spike in trading volume; check full list

SUMMARY

Shares of the parent of Firstcry rose as much as 9.72% to hit an intraday high of ₹238 on the National Stock Exchange (NSE) amid spike in trading activity.

Stock Market

GNFC shares surged as much as 5.91% to hit an intraday high of ₹549.80 after its net profit in March quarter jumped 87% to ₹392 crore. | Image: Shutterstock

The Indian equity benchmarks were holding on to morning gains in noon deals led by buying interest in information technology shares as rupee traded near all-time lows against the US dollar. Analysts noted that a weak rupee against the dollar augurs well for IT companies as they earn sizeable amount of revenues in dollars.

Open FREE Demat Account within minutes!
Join now

As of 12:10 pm, the SENSEX was up 319 points at 75,633 and NIFTY50 index advanced 97 points to 23,747.

Here are stocks witnessing heavier than usual trading volumes:
Brainbees Solutions: Shares of the parent of Firstcry rose as much as 9.72% to hit an intraday high of ₹238 on the National Stock Exchange (NSE) amid spike in trading activity.

Trading volume spiked by 7.5 times on NSE to 1.45 crore shares compared with an average volume of 19.53 lakh shares.

On the BSE, as many as 3.72 lakh shares changed hands compared with an average of 76,000 shares traded daily in the past two weeks.

MMTC: Shares of the state-run trading company advanced as much as 9% to hit an intraday high of ₹67.44 amid higher than usual trading activity.

Trading volume on the NSE jumped 5 times to 78.64 lakh shares compared with an average volume of 15.84 lakh shares.

On the BSE, a total of 4.42 lakh shares changed hands compared with an average of 2.15 lakh shares traded daily in the past two weeks.

Gujarat Narmada Valley Fertilisers and Chemicals: Shares of the Gujarat government owned fertiliser maker surged as much as 5.91% to hit an intraday high of ₹549.80 after its net profit in March quarter jumped 87% to ₹392 crore compared with ₹210 crore in the same period last year.

Its revenue from operations advanced 7% to ₹2,208 crore.

The company reported strong operational performance as its EBITDA jumped 100% to ₹482 crore and its EBITDA margin improved by 10.2 percentage points to 22%.

The stock was witnessing higher than usual trading activity as volume jumped by 4.6 times to 45 lakh shares compared with an average volume of 9.7 lakh shares.

Astral: Shares of the plastic products maker fell as much as 6.8% to hit an intraday low of ₹1,440.50 after it reported a 20% jump in consolidated net profit at ₹213 crore on Monday, May 18, for the fourth quarter of the financial year (Q4 FY26) as compared to ₹179 crore in the same period last year.

Trading volume jumped four times to 14.22 lakh shares compared with an average volume of 3.57 lakh shares.

Tanla Platforms: Shares of the software company surged as much as 8% to an intraday high of ₹534.65 mirroring gains in other IT shares.

Trading volume jumped 3.5 times to 14.84 lakh shares compared with an average volume of 4.21 lakh shares.

On the BSE, as many as 51,000 shares changed hands compared with an average of 37,000 shares traded daily in the past two weeks.

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.

Next Story