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

Following their attainment of new record highs in the latest trading session, domestic indices experienced a slight downturn today, primarily influenced by declines in financial services, telecommunications, metals, and IT sectors.

At 10:30 am, the BSE Sensex declined 0.19% reaching a level of 73,875. The Nifty 50 index fell 0.14% to the 22,429 level. On the Sensex, IndusInd Bank, HDFC Bank and Nestle India were among the top gainers, whereas Bajaj Finance, ICICI Bank and Bajaj Finserv were among the market draggers.

Some of the noteworthy volume movers are as follows:

Century Plyboards (India) Ltd

The trading volume of Century Plyboards (India) Ltd experienced a remarkable surge, reaching around 48 times its usual volume. This surge propelled the company’s shares to gain momentum, increasing by 1% today and reaching an intraday high of Rs 657.60 per share on the BSE. As a leading manufacturer and supplier of plywood, the company holds a significant market share in India’s organized plywood market. The company boasts a diverse portfolio, manufacturing plywood, laminates, medium density fiber (MDF), particle board, and related products.

Page Industries Ltd

Page Industries Ltd witnessed a notable rise in trading volume, increasing by 15-fold. This surge drove the company’s shares to gain by more than 1%, reaching an intraday high of Rs 35,189 per share on the BSE. The company operates in the readymade garments/apparels sector, marketing its products under the well-known brands Jockey and Speedo.

Aditya Birla Fashion & Retail Ltd

Aditya Birla Fashion & Retail Ltd witnessed an extraordinary 15-fold surge in trading volume, driving its shares to soar over 15% today, approaching its 52-week high of Rs 265 on the BSE. This surge followed the authorization by the company’s board for management to explore the vertical demerger of the Madura Fashion & Lifestyle business from ABFRL, potentially creating a separate listed entity. Aditya Birla Fashion & Retail Ltd is a well-known Indian fashion retail company.

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.