Even as stocks from across various sectors are struggling for support today, a select few, including RBL Bank, Tinplate, Maharashtra Seamless and L&T Finance Holdings, are up sharply on huge volumes.
The RBL Bank counter on BSE has clocked a volume of nearly 21 million shares so far in the session today, almost 130 times the average daily volume of about 1.58 lakh shares. The counter saw a few block deals this morning, with shares changing hands at an average price of Rs 529. The stock is currently traded at Rs 532.70 (up 4.4%), off the day's high of Rs 541.65.
On the National Stock Exchange, the RBL Bank counter has clocked a volume of about 9.7 million shares so far today.
Tinplate (up 7% at Rs 160.50) is up on unusually big volume. Over 7.65 lakh shares have changed hands at the Tinplate counter on BSE, as compared to average daily volume of around 2.9 lakh shares. The stock hit a new 52-week high of Rs 164.20 today.
Shares of Maharashtra Seamless (up 2% at Rs 426.50) are also up on unusually large volumes. The counter on BSE has clocked a volume of 2.15 lakh shares today, as against average daily volume of just about 4000 shares. The stock looks on course to move past a 52-week high of Rs 443 it had touched on 10 July 2017.
The L&T Finance Holdings counter on BSE has recorded a volume of 1.66 million shares so far in the session, compared to average daily volume of about 6.4 lakh shares. The stock is up by about 3.3% at Rs 193.85 now, slightly off a record high of Rs 195.45 it had touched earlier in the session.
With today's impressive rise, L&T Finance Holdings is among the country's top five most valuable non-banking financial firms. In the current calendar year, L&T Finance Holdings has gained nearly 120%, as compared to BSE benchmark's rise of less than 20%. The company's market capitalization has crossed Rs 34,000 crore.
