Zydus Wellness, Syrma SGS, PVR Inox shares spurt amid heavy volumes; check full list

The Indian equity benchmarks extended losses in noon deals on Monday, September 7, as investor sentiment remained cautious after crude oil prices moved higher as geopolitical tensions in West Asia escalated.

The SENSEX fell as much as 447 points and NIFTY50 index dropped below its important psychological level of 23,800 to hit an intraday low of 23,757 dragged down by losses in index heavyweights like Infosys, Reliance Industries, State Bank of India, Tata Consultancy Services, HDFC Bank, Tata Steel, HCL Tech and Tech Mahindra.

As of 12:15 pm, the SENSEX was down 386 points at 76,130 and NIFTY50 index dropped 112 points to 23,785.

Trading volume in the stock jumped 28 times to 59.23 lakh shares on the National Stock Exchange (NSE) compared with an average volume of 2.10 lakh shares.

A total of 3.74 lakh shares changed hands on the BSE compared with an average of 20,000 shares traded daily in the past two weeks.

Trading volume on the NSE jumped 8.5 times to 69.95 lakh shares compared with an average volume of 8.25 lakh shares.

As many as 7.07 lakh shares changed hands compared with an average of 1.04 lakh shares traded daily in the past two weeks.

Last week, the company said that Syrma SGS Technology and Elemaster Group through their joint venture Syrma SGS Elemaster inaugurated the new state-of-the-art high-reliability electronics manufacturing facility in Bengaluru, Karnataka.

The inauguration marks a significant milestone in the joint venture’s efforts to build advanced electronics manufacturing capabilities in India and support customers across domestic and global markets, particularly in sectors where quality, reliability and stringent manufacturing standards are critical.

The company had fixed September 4 as the record date to determine shareholders eligible to participate in the buyback, under which it will repurchase up to 20.69 lakh shares at ₹1,450 apiece through the tender-offer route.

The buyback had earlier triggered buying interest in the stock, with shares hitting a 52-week high as investors sought to benefit from the tender offer.

With the record date now behind, some of that event-driven demand has faded, potentially leading to profit-taking and pressure on the stock.

Trading volume jumped 4.4 times to 20.33 lakh shares compared with an average volume of 4.57 lakh shares on the NSE.

Trading volume on the NSE jumped 3.8 times to 4 lakh shares compared with an average volume of 1.05 lakh shares.

As many as 22,000 shares changed hands on the BSE compared with an average of 7,444 shares traded daily in the past two weeks.

Trading volume in the stock jumped three times to 15,997 shares compared with an average volume of 5,344 shares on the NSE.

A total of 2,003 shares changed hands on the BSE compared with an average of 230 shares traded daily in the past two weeks.