© Reuters.
Several Indian companies experienced a surge in their stock trading volumes during Monday’s National Stock Exchange (NSE) trade. Vodafone (NASDAQ:) Idea Ltd led the pack with shares worth ₹245 crore ($32.7 million) traded, spurred by a better-than-expected Q2 4G addition and EBITDA margin improvement.
Stocks of Jaiprakash Associates Ltd (JP Associates) and Jaiprakash Power Ventures Ltd (JP Power) also saw significant growth ahead of a board meeting to discuss financial results. JP Associates’ shares worth ₹112 crore ($15 million) and JP Power’s shares worth ₹59 crore ($7.9 million) were traded.
Indian Oil Corporation Ltd (IOC) also experienced a positive trend, with shares worth ₹179 crore ($23.9 million) traded after a positive performance report was released.
Shares of YES Bank Ltd and Bajaj Hindusthan were also in demand, with trading volumes reaching ₹32 crore ($4.3 million) and ₹71 crore ($9.5 million), respectively.
HDFC Bank Ltd reported a turnover of ₹536 crore ($71.6 million), while Larsen & Toubro Ltd (L&T), DLF Ltd, and newly listed Blue Jet also experienced high turnovers, L&T leading at ₹575 crore ($76.8 million).
However, it wasn’t all positive news as Reliance Power experienced a slight decrease with shares worth ₹22 crore ($2.9 million) traded.
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