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

Following a strong performance in the last trading session, Indian benchmark indices were trading flat today, primarily impacted by significant declines in the Bajaj twins, namely Bajaj Finance and Bajaj Finserv.

At 10:05 am, the BSE Sensex edged down by 0.04%, reaching a level of 71,913. The Nifty 50 index edged up by 0.05% to the 21,745 level. On the Sensex, Hindustan Unilever, JSW Steel and Tata Motors were among the top gainers, whereas Bajaj Finance, Bajaj Finserv and ITC Ltd were among the market draggers.

Some of the noteworthy volume movers are as follows:

1. UTI Asset Management Company Ltd: The trading volume of shares saw a remarkable tenfold increase, propelling an 11% surge that reached a 52-week high of Rs 965 on the BSE. UTI, one of the oldest mutual funds in India, provides a diverse range of products and services encompassing equity funds, debt funds, overnight funds, liquid funds, hybrid funds, exchange-traded funds, and solution-based funds.
2. Venus Pipes & Tubes Ltd: The shares surged to a record 52-week high of Rs 1,580 per share on the BSE, accompanied by a fivefold increase in trading volume. The company specializes in manufacturing and exporting stainless steel pipes and tubes, primarily falling into two main categories including seamless tubes and pipes and welded tubes and pipes.
3. Y. Fincorp Ltd: Experiencing a robust rise in buying interest, the shares, buoyed by a fivefold increase in trading volume, hit the 10% upper circuit. The stock reached a new 52-week high of Rs 32.05 on the BSE. The company, a non-banking financial company (NBFC) primarily concentrates on offering inter-corporate loans, personal loans, and engaging in investments and trading in securities.
4. Muthoot Microfin Ltd: In a market that was otherwise subdued, shares surged around 14%, reaching an intraday high of Rs 266.55 per share on the BSE. Muthoot Microfin Ltd, a subsidiary of the Muthoot Pappachan Group, specializes in providing micro-loans to female customers, with a particular focus on rural areas in India.

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.