Tanla Platforms, G R Infraprojects, ICRA, Mahindra Lifespace: Stocks that are witnessing high-volume today

The equity benchmark indices were trading marginally higher during the intraday trade on Wednesday as the broader market extended gains and shares of steel manufacturing firms gained.

At 12:23 PM, the S&P BSE SENSEX soared 151.23 points, or 0.20%, at the 75,452.49 level, while NSE’s NIFTY50 was at the 22,901.45 level, rising 67.15 points, or 0.29%.

Among the top gainers were Shriram Finance, Apollo Hospitals, Tata Steel, HDFC Life and Power Grid, contributing as much as 4.37% on the National Stock Exchange.

On the other side, Tata Consultancy Services, Infosys, Tech Mahindra, HCL Technologies and ITC were the biggest laggards on the 50-share index, falling as much as 2.15%.

On Wednesday, shares of Tanla Platforms, Tokyo Plast International, SBFC Finance Limited, Mahindra Lifespace Developers Limited, ICRA Limited and G R Infraprojects were among the ones witnessing the highest spurt in trading volumes on the NIFTY50 index.

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.

As per the stock exchange data, mobile operator firm Tanla Platforms saw the most volume exchange in its counter. The number of Tanla Platforms shares that changed hands at 12:05 PM on Wednesday was over 26.67 times higher than the daily average on the stock counter.

The midcap IT player shares zoomed 15.15% as the broader market extended its gains.

Following that, volumes at the Tokyo Plast International counter were 23.53 times higher than the daily average; however, the SBFC Finance Limited counter saw 14.21 times higher volume than the daily average.

Counters of Mahindra Lifespace Developers and G R Infraprojects witnessed 12.61- and 11.30-times higher volume than the daily average, respectively. While volumes at the ICRA Limited counter were 10.81 times higher than the daily average.

Shares of GR Infraprojects rose more than 10% on Wednesday after the company received a letter of acceptance from the National Highways Authority of India (NHAI) for the Agra‐Gwalior highway project worth ₹4,262.78 crore.

During the intraday period, the stock was trading at ₹1,035.05 per share, jumping 10.04% on the National Stock Exchange.

Further, counters of Ajax Engineering Limited and SBI Mutual Fund saw 7.92 times and 7.11 times higher trading volumes during the day. LIC Mutual Fund and Modern Threads (India) Limited saw 6.90 times and 6.19 times higher volumes, respectively.

Shares of Tokyo Plast International were trading at 13.38% higher on the NSE at ₹131.01, while shares of SBFC Finance Limited gained marginally by 0.18%.

Mahindra Lifespace Developers shares soared 7.54% during the intraday period, and ratings firm ICRA shares were also in positive territory. At the time of writing this article, ICRA stock was up 0.99% to ₹5,489.05 per share.

Ajax Engineering stock rose 4.04%, SBI Mutual Fund was up 0.50%, LIC Mutual Fund shares were trading 0.29% higher and Modern Threads shares advanced by 0.26%.