Volume buzzers: Top 5 stocks from Nifty 500 attracted heavy volumes in the first hour today!
Price and volume breakout is indeed considered one of the best combinations for traders to identify or filter stocks before investing.
Are you searching for stocks that attracted heavy volume compared to their average volumes in the first hour of today’s trading session? Then you are in the right place. Here, you will find the top five stocks from the Nifty 500 space that attracted heavy volumes in the first hour today.
Schneider Electric Infrastructure Limited, incorporated in 2011, operates in the capital goods electric equipment industry as a Small-Cap company. Today, the stock traded with a volume of 1,470,788, significantly higher than its average volume of 58,729, marking a 25.04 times increase. The stock is currently trading at Rs 673.95, reflecting a 5 per cent decrease. Schneider Electric Infrastructure is engaged in manufacturing, designing, building, and servicing technologically advanced products and systems for the electricity network.
One97 Communications Ltd, a Mid-Cap company in the IT fintech industry, was incorporated in 2000. It is recognized as India's leading digital ecosystem for consumers and merchants. Today's trading volume for the stock reached 13,350,729, compared to an average volume of 2,916,651, a 4.58 times increase. The stock is trading at Rs 386, up by 2.28 per cent.
Welspun Corp Ltd (WCL) operates in the iron and steel industry as a small-cap company and is one of the largest global manufacturers of large-diameter pipes. The company also produces BIS-certified steel billets, TMT (Thermo-Mechanically Treated) rebars, ductile iron (DI) pipes, stainless steel pipes, and tubes & bars. Today's volume of 1,357,461 is 2.72 times the average volume of 499,004.8. The stock is currently trading at Rs 562.15, down by 6.55 per cent. The company’s stock has delivered a multibagger return of over 120 per cent in just 1 year.
Praj Industries Ltd, a small-cap company in the engineering-industrial equipment sector, was incorporated in 1985 and is headquartered in Pune. With a presence in more than 75 countries, the company has over 750 references globally. Today, the stock saw a trading volume of 1,304,494, compared to its average volume of 482,102.8, 2.71 times increase. The stock is trading at Rs 526.3, up by 5.06 per cent.
Sundram Fasteners Ltd, a mid-cap company in the auto ancillary industry, is part of the TVS Group of Companies. It manufactures critical, high-precision components such as fasteners and power train components for the automotive, infrastructure, windmill, and aviation sectors. Today's stock volume reached 261,515, 2.47 times its average volume of 106,055.4. The stock is currently trading at Rs 1,203.3, reflecting a 4 per cent increase.
Investors must keep these stocks on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.