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From Poonawalla Fincorp to SEPC, these ten stocks among the midcap and smallcap names are surging on very high volumes during Thursday's trading sessions.
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The Nifty and the Nifty Bank are powering along on Thursday as well, with the banking index gaining for the 12th straight session. The broader markets continue to do well with stocks trading with gains and volumes that are significantly higher than their average volumes. Here's a look at some of the volume-led movers in today's trade.
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IRM Energy | The stock was up 20% on Wednesday and has built on to those gains on Thursday with another 16% move. The stock has seen volumes of close to 2 crore shares changing hands in compared to its 20-day average volume of 85,000. Despite this upmove over the last two sessions, the stock remains below its IPO price of ₹505.
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Prism Johnson | The cement manufacturer has seen its biggest single-day gain since September last year. The stock has already seen close to 50 lakh shares change hands on Thursday, compared to its 20-day average volume of close to 60,000 shares. The gains on Thursday has led to the stock nearly turning positive on a year-to-date basis.
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Poonawalla Fincorp | The stock is closing in on its all-time high level after Thursday's surge after promoters increased their stake in the company. Over 4 crore shares of the company have changed hands, compared to its 20-day average, which is at just 5 lakh shares. The record high level is placed at ₹520.
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Hi-Tech Pipes | Pipe stocks have continued to be in the news over the last few weeks and Hi-Tech Pipes has surged 32% in the last seven trading sessions. The stock has surged on very strong volumes, with over 1.9 crore shares having changed hands in comparison to their 20-day average of just 8 lakh shares. Since the stock migrated to the Mainboard in 2018, it has more than quadrupled in value.
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SEPC | The stock has surged on an order win, whose value is nearly 20% of its overall market capitalisation. Over 5.5 crore shares of the stock have already changed hands compared to their 20-day average of 23 lakh. The stock trades close to its 200-DMA, which is close to ₹15.
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Bajaj Consumer Care | The stock has gained over 9% on Thursday on volumes that are very strong on the penultimate trading day of the week. Over 42 lakh shares of the company have already changed hands, compared to the 20-day average price of just 5 lakh shares. The story will be updated with more.
