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  5. Sonata Software, Dr Lal Path Labs, FACT shares surge amid heavy volumes; check full list

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Sonata Software, Dr Lal Path Labs, FACT shares surge amid heavy volumes; check full list

Abhishek Vasudev.jpg
By Abhishek Vasudev

3 min read | Updated on June 16, 2026, 13:07 IST

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SUMMARY

Sonata Software shares surged as much as 20% after a report said that that the Chennai bench of the National Company Law Tribunal (NCLT) approved the merger of its wholly owned subsidiary, Encore IT Services Solutions.

Stock list

DEVYANI
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SONATSOFTW
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Wipro shares tumbled 8% as the stock is trading ex-date for its ₹15,000 crore share buyback program. Image: Shutterstock

Reliance Industries, HDFC Bank, Hindustan Unilever, HCL Technologies and ITC were top movers in the SENSEX. | Image: Shutterstock

The Indian equity benchmarks held on to their morning gains in noon deals on Tuesday, June 16, led by buying interest in index heavyweights like Reliance Industries, HDFC Bank, Hindustan Unilever, HCL Technologies and ITC. As of 12:24 pm, the SENSEX was up 329 points at 76,593 and NIFTY50 index advanced 76 points to 23,928.

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Buying was visible across board as all the major sector gauges compiled by the National Stock Exchange (NSE) were trading higher led by the NIFTY IT index's nearly 1% gain. NIFTY FMCG, Realty, Media, PSU Bank, Consumer Durables and Oil & Gas indices also rose between 0.3% and 1%.

Here are stocks witnessing heavier than usual trading volumes:
Sonata Software: Shares of the IT company surged as much as 20% to hit an intraday high of ₹311 after _Moneycontrol- reported that the Chennai bench of the National Company Law Tribunal (NCLT) approved the merger of its wholly owned subsidiary.

The stock was witnessing very high trading activity as volumes jumped by 35 times to 2.26 crore shares compared with an average volume of 5.5 lakh shares.

On the BSE, as many as 9.45 lakh shares changed hands compared with an average of 92,000 shares traded daily in the past two weeks.

Dr Lal Path Labs: Shares of the diagnostic chain operator jumped as much as 11.57% to hit an intraday high of ₹1,803 after the company announced foray into Dubai market as part of its international expansion plan.

Trading volume in the stock jumped by 30 times to 65.9 lakh shares compared with an average volume of 2.18 lakh shares.

On the BSE, a total of 3.5 lakh shares changed hands compared with an average of 37,000 shares traded daily in the past two weeks.

GIC: GIC shares fell as much as 7% to hit an intraday low of ₹360.60 as its offer for sale (OFS) for institutional investors opened for subscription at floor price of ₹352 per share which was at a discount of 9% from its Monday's closing price.

Trading volume in the stock jumped by 17 times to 59.13 lakh shares compared with an average volume of 3.41 lakh shares.

Fertilisers And Chemicals Travancore: The country's leading fertiliser maker's shares advanced over 15% amid spike in trading activity.

Volume in the stock jumped 14 times to 73.59 lakh shares compared with an average volume of 5.29 lakh shares.

Devyani International: Shares of the FMCG company jumped as much as 5% after the company received an observation letter with no objection from NSE and BSE for the proposed Scheme of Arrangement between Devyani International and Sapphire Foods.

Trading volume jumped by 10 times to 1.88 crore shares compared with an average trading volume of 18.16 lakh shares.

On the BSE, a total of 8.5 lakh shares changed hands compared with an average of 4.65 lakh 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.

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