Shares seeing high volumes today: Quess Corp, Niraj Cement, Welspun, Central Bank, and more

The Indian stock market on Wednesday, April 2, was trading positively during the afternoon period following global cues and midcap stocks outperforming the main indices.

At 2:15 PM, BSE S&P BSE SENSEX was up 416.04 points, or 0.55%, at the 76,440.55 level, while NSE’s NIFTY50 was at the 23,274.60 level, rising 108.90 points, or 0.47%.

Tata Consumers, Titan Company, Zomato, IndusInd Bank and Trent were the most contributing stocks on the NIFTY50 index, gaining as much as 7.24%.

Quess Corp, Niraj Cement Structurals, Welspun Investments, Century Plyboards and Hester Biosciences were among the shares witnessing a spurt in their trading volumes on Wednesday.

A volume in the stock volume is the number of shares traded in a specific period. A spurt in volume means the stock is witnessing a lot of interest or activity happening around the equity market.

According to National Stock Exchange data, ICICI Prudential MF-ICICI Prudential BSE Liquid Rate ETF-Growth counter marked the highest trading volume. The number of shares that changed hands on Wednesday was over 217.42 times higher than the daily average on the stock counter.

Further, the counter of Quess Corp saw 23.08 times higher trading volume than the daily average, while the Niraj Cement Structurals counter saw 11.75 times higher trading volume than the daily average.

Counters of Welspun Investments and Commercials, Century Plyboards (India) Limited and Hester Biosciences were also seeing higher trade volumes by 7.68, 7.13 and 7.04 times the daily average.

Volumes at the Valour Estate (previously known as DB Realty) counter were 5.78 times higher than the daily average as realty sector stocks were outperforming.

However, the Central Bank of India counter witnessed 5.60 times higher volume than the daily average as its share nosedived nearly 12% during the day.

The scrip has been on a decline since the lender raised ₹1,500 crore, including ₹238 crore from the Life Insurance Corporation of India (LIC), via the Qualified Institutional Placement (QIP) route.

Counters of Aditya Vision and CSB Bank Limited were witnessing 5.58 and 5 times higher volume than the daily average, respectively.

Shares of CSB Bank, a private sector lender headquartered in Thrissur, Kerala, surged as much as 5.46% to ₹317.65 apiece on the NSE following the business update for the financial year 2024-25.

The bank posted a 24.03% year-on-year (YoY) rise in total deposits during the period to ₹36,861 crore (provisional), against ₹29,719 crore total deposits registered a year ago.