Volume shockers: 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.
Campus Activewear Limited is recognized as one of India’s largest sports and athleisure footwear brands in terms of value and volume. The company excels in manufacturing and distributing a diverse range of footwear, including Running Shoes, Walking Shoes, Casual Shoes, Floaters, Slippers, Flip Flops, and Sandals. Today's trading volume reached 13,066,493, significantly higher than its average volume of 749,773.8, representing a multiple of 17.43 times. The current market price of this Small-Cap company’s stock is Rs 281.85, showing a notable increase of 12.6 per cent.
PNB Housing Finance promoted by Punjab National Bank, offers an array of housing and non-housing loans tailored for retail customers. The company’s product portfolio includes individual home loans, loans against property, and non-resident property loans, among others, positioning it as a significant player in the housing finance sector. This small-cap company’s stock saw a trading volume of 8,767,486 today, compared to its average volume of 857,013.2, resulting in a multiple of 10.23 times. The current market price of its stock stands at Rs 738.70, however, it has experienced a decline of 6.23 per cent.
Grindwell Norton Limited engages in manufacturing abrasives, ceramics, and plastics, and also provides IT services. As a key player in its industry, the company contributes significantly to various sectors with its diverse product range and services. Classified as a Mid-Cap company in the abrasives industry, Grindwell Norton recorded a trading volume of 271,386 today, surpassing its average volume of 57,859.6 by 4.69 times. The stock is currently priced at Rs 2,518.00, reflecting a positive change of 5.29 per cent.
Brigade Enterprises is a prominent real estate developer based in Bengaluru, South India. It experienced a trading volume of 1,710,685 today, higher than its average volume of 623,589.4, indicating a multiple of 2.74 times. The stock's current market price is Rs 1,256.80, with a growth of 2.57 per cent.
MTAR Technologies Ltd specializes in developing and manufacturing components and equipment for the defense, aerospace, nuclear, and clean energy sectors. The company’s expertise and focus on high-tech industries make it a vital contributor to these strategic areas. Operating in the engineering industry, MTAR Technologies Ltd. is categorized as a small-cap company. Today's trading volume was 1,130,465, compared to its average volume of 477,843.8, resulting in a multiple of 2.37 times. The current market price of its stock is Rs 1,890.00, although it has faced a decrease of 8.36 per cent.
Investors must keep these stocks on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.