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  1. TBO TEK, HDB Financial Services, Castrol India shares surge amid heavy volumes; check full list

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TBO TEK, HDB Financial Services, Castrol India shares surge amid heavy volumes; check full list

SUMMARY

TBO TEK shares jumped as much as 10.72% to hit an intraday high of ₹1,497.90 mirroring gains in other tourism shares after US President Donald Trump declared that a peace deal with Iran had been completed.

PPAP Automotive

Trading volume in Castrol India jumped four times to 25.39 lakh shares compared with an average volume of 6.29 lakh shares. | Image: Shutterstock

The Indian equity benchmarks held on to morning gains in noon deals as bullish sentiment prevailed after United States and Iran agreed on a peace deal triggering a fall in crude oil and a surge in equity markets globally. The SENSEX climbed as much as 1,293 points and NIFTY50 index touched an intraday high of 24,011 on the back of a broad-based buying interest.

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Asian markets were trading sharply higher following the announcement of the peace deal between US an Iran. Japan's Nikkei surged 5.42%, China's Shanghai Composite advanced 1.21%, Hong Kong's Hang Seng surged 0.6% and South Korea's KOSPI climbed 5.13%.

US President Trump confirmed the deal and authorised an end to the US naval blockade of Iranian ports. But it may take months for oil prices to stabilise after the disruptions from the war caused them to surge, pushing costs up gasoline and many other products.

Details of the deal were not immediately released and Iran signalled implementation would not start until the signing, which key mediator Pakistan said would occur Friday in Switzerland. It could provide a way to end a war that killed thousands across the Middle East, including the top leaders of Iran’s theocracy, and sparked a historic energy crisis.

Here are stocks witnessing heavier than usual trading volumes:
TBO TEK: The stock of tourism services provider jumped as much as 10.72% to hit an intraday high of ₹1,497.90 mirroring gains in other tourism shares after US President Donald Trump declared that a peace deal with Iran had been completed and said he was authorising the reopening of the Strait of Hormuz and the removal of a US naval blockade. The announcement followed months of conflict that began on February 28 when Israel, along with the United States, launched military operations against Iran.

The stock was witnessing heavier than usual trading activity as volumes jumped by 13 times to 13.63 lakh shares compared with an average trading volume of 1.04 lakh shares.

On the BSE, as many as 71,000 shares changed hands compared with an average of 19,000 shares traded daily in the past two weeks.

HDB Financial Services: The stock of the non-banking finance company (NBFC) surged as much as 10.5% to hit an intraday high of ₹708 amid spike in volumes.

Trading volume jumped five times to 19 lakh shares compared with an average volume of 3.7 lakh shares.

Castrol India: The country's leading lubricating oil maker jumped as much as 3% to hit an intraday high of ₹188 after crude oil prices, its key raw material, dropped in international markets following a peace deal between US and Iran.

Trading volume in the stock jumped four times to 25.39 lakh shares compared with an average volume of 6.29 lakh shares.

Balkrishna Industries: Shares of the tyre maker climbed as much as 8.44% to an intraday high of ₹2,182 mirroring gains in other tyre companies as crude oil prices dropped.

Trading volume jumped by 3.3 times to 4.54 lakh shares compared with an average of 1.38 lakh shares.

Five Star Business Finance: The stock of the NBFC advanced as much as 10.7% to an intraday high of ₹486 as trading activity in the stock jumped by three times to 32.04 lakh shares compared with an average volume of 10.18 lakh shares.

On the BSE, as many as 3.9 lakh shares changed hands compared with an average of 33,000 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.

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