Market Movers: Here are today’s high-volume buzzers!

Domestic indices reached new all-time highs, propelled by a robust rally in IT stocks. Wipro took the lead, with its shares surging over 6%, topping the charts. Investor optimism extended to banking, real estate, and healthcare sector stocks as well. 

At 10:55 am, the BSE Sensex soared 0.76%, reaching a level of 73,119. The Nifty 50 index gained 0.65% to the 22,037 level. On the Sensex, Wipro, Tech Mahindra and HCL Technologies were among the top gainers, whereas Bajaj Finance, Bajaj Finserv and Power Grid Corporation of India were among the market draggers.   

Some of the noteworthy volume movers are as follows:   

MAS Financial Services Ltd: Following the announcement that the board would be considering on a bonus issue, the trading volume of shares experienced a surge of over 13 times, causing a 12% gain to reach a 52-week high of Rs 984 on the BSE. The company, operating as an NBFC, specializes in providing retail financing products for MSMEs, home loans, two-wheeler loans, used car loans, and commercial vehicle loans. 

Ambalal Sarabhai Enterprises Ltd: Shares, witnessing a remarkable 13-fold surge in trading volume, garnered substantial buying interest and were locked at the 20% upper circuit, reaching a 52-week high of Rs 51.98 on the BSE. The company is actively involved in the manufacturing and sale of pharmaceuticals. 

eMudhra Ltd: Shares experienced a substantial six-fold increase in trading volume, surging by 3% to reach an intraday high of Rs 481 on the BSE. The company operates as a licensed certifying authority, specializing in the issuance of digital signature certificates in India under its eMudhra brand. 

Dhanlaxmi Bank Ltd: Continuing its robust rally, shares climbed more than 19% today, attaining a new 52-week high of Rs 43.40 on the BSE. This publicly held bank is actively involved in offering a diverse array of banking and financial services, encompassing retail banking, corporate banking, and treasury operations, with a predominant focus on the southern states. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.