Hatsun Agro, Birla Corp, Honda India Power among shares witnessing spurt in volumes; check details

During the intraday trade, Bharat Electronics, ONGC, Larsen & Toubro, State Bank of India, and ICICI Bank were the biggest contributors, rising as much as 2.31%.

Among the biggest laggards were Shriram Finance, Hindalco, Tata Motors, Wipro, and Hero MotorCorp, losing as much as 2.51%.

High-volume buzzers

During the day, some of the stocks saw a spurt in trading volumes on Thursday, which includes companies like MTNL, Gandhi Special Tubes, Honda India Power, Hatsun Agro Products, and Birla Corporation.

According to data on the stock exchanges, the number of MTNL shares that changed hands at 12:30 PM on Thursday was already over 15.55 times higher than the daily average on the stock counter.

At 12:40 PM, shares of the state-owned MTNL were trading at ₹48.72 apiece, surging 12.67% on the National Stock Exchange. Its total market capitalisation stood at ₹3,069.36 crore.

Volumes at the Gandhi Special Tubes counter were 13.10 times higher than the daily average. Honda India Power counter witnessed 7.04 times higher volume than the daily average.

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.

Shares of Birla Corporation were trading 2.44% lower on Thursday at ₹999.15 apiece, while Hatsun Agro shares were up 1.49% at ₹881.55 on the National Stock Exchange.

Gandhi Special Tubes shares surged 8% to ₹682.85 apiece on the 50-share index.

Packaging firm Hitachi Corporation shares soared 17.17% at ₹192.40 during the intraday period. Shares of Honda India Power also jumped 6.57% at ₹2,001.45 apiece on the National Stock Exchange.