Shipping Corporation, Eris Lifesciences, KEI Industries: Check the top high-volume stocks of the day

The equity benchmark indices on Thursday, March 20, were trading positively for the fourth consecutive day amid a rally in the information technology sector. However, the global market remained mixed.

At 12:53 PM, the S&P BSE SENSEX soared 629.82 points, or 0.83%, at the 76,078.87 level, while NSE’s NIFTY50 was at the 23,111.00 level, rising 203.40 points, or 0.89%.

Among gainers, Titan, Eicher Motors, Bharti Airtel, Bharat Petroleum and Bajaj Auto were the most contributing stocks, rising as much as 3.29%.

On the other side, Bajaj Finance, Apollo Hospitals, UltraTech Cement, Bajaj Finserv and IndusInd Bank were the biggest laggards, tumbling as much as 1.37%.

Shares of Baroda BNP Paribas Mutual Fund, Aditya Birla Sun Life MF, Intrasoft Technologies Limited, Eris Lifesciences Limited, KEI Industries Limited and Shipping Corporation of India Limited were among the ones witnessing the highest surge in trading volumes on Thursday.

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.

According to National Stock Exchange (NSE) data, counters of Baroda BNP Paribas Mutual Fund and Aditya Birla Sun Life MF saw the most volume exchange in their counters. The number of Baroda BNP Paribas Mutual Fund and Aditya Birla Sun Life MF shares that changed hands during afternoon trade on Thursday was over 40.81 and 37.71 times higher than the daily average on the stock counter.

Volumes at Intrasoft Technologies’ counter were 20.87 times higher than the daily average, while Eris Lifesciences counter witnessed 16.37 times higher than the daily average.

Shares of Eris Lifesciences were trading 3.7% higher at the time of writing this article, outperforming the Nifty Pharma index, which was up 0.83%.

Counters of KEI Industries Limited, Indian Hume Pipe Company Limited and Shipping Corporation of India Limited witnessed 14.12, 12 and 11.26 times higher volume than the daily average, respectively. While volumes at the Fine Organic Industries Limited counter were 9.61 times higher than the daily average.

Shares of KEI Industries slipped as much as 14.5% on Thursday as Adani Enterprises said its wholly owned subsidiary, Kutch Copper Limited, has completed the incorporation process of a joint venture firm, namely Praneetha Ecocables Limited with Praneetha Ventures Private Limited.

Further, counters of Vibhor Steel Tubes Limited and Likhitha Infrastructure Limited saw 7.53 times and 7.34 times higher trading volumes during the day.