Market Movers: Here Are Today’s High-Volume Buzzers!

Indian benchmark indices started the week on a cheerful note, reaching new record highs, driven by strong gains in the consumer durables, capital goods, power, and information technology sectors. Broader indices also gained in line with the main indices.

At 9:55 am, the BSE Sensex gained 0.39% reaching a level of 77,294. The Nifty 50 index rose 0.40% to the 23,559 level. On the Sensex, Mahindra & Mahindra, Wipro and Titan Company Ltd were among the top gainers, whereas Maruti Suzuki, UltraTech Cement Company and Asian Paints were among the market draggers.

Some of the noteworthy volume movers are as follows:

1. Som Distilleries & Breweries Ltd
   

   Shares of Som Distilleries & Breweries Ltd, one of India’s leading manufacturers of alcoholic beverages, experienced a sharp decline of more than 15%, hitting an intraday low of Rs 105 per share on the BSE amidst heightened trading volume and selling pressure. The company is engaged in the production and sale of beer and Indian Made Foreign Liquor.

2. Tata Investment Corporation Ltd
   

   Shares of Tata Investment Corporation Ltd witnessed significant buying interest, resulting in the stock being locked at a 5% upper circuit at Rs 7,069.20 per share on the BSE. The company is a Non-Banking Financial Company (NBFC) primarily engaged in investing in listed and unlisted equity shares, debt instruments, mutual funds, and other securities across a wide range of industries.

3. Paras Defence and Space Technologies Ltd
   

   Shares of Paras Defence and Space Technologies Ltd climbed around 19% on strong trading volume, reaching a 52-week high of Rs 1,373.80 per share on the BSE. The company specializes in designing, developing, manufacturing, and testing a range of defence and space engineering products and solutions. It operates in four major segments including defence & space optics, defence electronics, heavy engineering, and electromagnetic pulse protection solutions.

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.