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Wednesday, January 08, 2014

Volumes jump at  HCL Infosystems counter
January 8, 2014: Info Edge (India), Gillette India, HCL Infosystems and Mastek are among the other stocks to see a surge in volumes on BSE today, 8 January 2014.

Bajaj Auto clocked volume of 2.46 lakh shares by 13:31 IST on BSE, a 9.16-times surge over two-week average daily volume of 27,000 shares. The stock rose 0.92% at Rs 1,907.50 after three block deals aggregating 2.10 lakh shares were executed in the counter on BSE.

A bulk deal of 55,181 shares was executed at Rs 1,902.15 per share at 9:47 IST. One more bulk deal of 55,182 shares was executed at Rs 1,895.80 per share at 9:47 IST. Another bulk deal of 1 lakh shares was executed at Rs 1,902.50 per share at 10:36 IST. The three block deals constitute 0.07% of Bajaj Auto's equity.

Info Edge (India) notched up volume of 1.12 lakh shares, a 8.67-fold surge over two-week average daily volume of 13,000 shares. The stock lost 1.71% at Rs 511.50.

Gillette India saw volume of 24,000 shares, a 6.04-fold surge over two-week average daily volume of 4,000 shares. The stock lost 3.19% at Rs 2,135 after the company clarified that it has no plans for an open offer or delisting.

Gillette India during trading hours today, 8 January 2014 in a clarification to the exchange said that it has no plans for an open offer or delisting. The said news regarding possibility of an open offer by the company or delisting of the company is untrue. "In fact, the company has recently successfully completed a sell-down of shares to deliver compliance with Sebi's minimum public shareholding requirement," Gillette India said.

HCL Infosystems clocked volume of 38.80 lakh shares, a 5.94-fold surge over two-week average daily volume of 6.53 lakh shares. The stock spurted 8.79% at Rs 26.

Mastek saw volume of 8.42 lakh shares, a 5.92-fold rise over two-week average daily volume of 1.42 lakh shares. The stock surged 9.83% to Rs 201.05, ahead of board meeting to consider buyback of equity shares of the company.

Courtesy: The Business Standard