JBM Auto, Raj Oil Mills, Nahar Capital, Max India: Stocks that are seeing spurt in volumes today

The Indian equity benchmark indices on Wednesday, April 16, were trading in green as the broader market outperformed and banking shares soared.

At 14:20 PM, the S&P BSE SENSEX rose 288.61 points, or 0.38%, at the 77,023.50 level, while NSE’s NIFTY50 was at the 23,429.45 level, climbing 100.90 points, or 0.43%.

IndusInd Bank, Axis Bank, Trent, ONGC and Asian Paints were the top-performing stocks on the NIFTY50 index, jumping as much as 7.32%.

On the other hand, Maruti Suzuki, Infosys, Tata Motors, NTPC and Bajaj Auto were the biggest losing stocks, falling as much as 1.55% on the 50-share index.

On Wednesday, shares of JBM Auto, Raj Oil Mills, Nahar Capital, Max India and Shree Vasu Logistics were among the ones witnessing the highest spurt in trading volumes on the NIFTY50 index.

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.

Market investors use this metric to determine their interest in a stock.

As per the stock exchange data, JBM Auto shares witnessed the highest spurt in trading volumes. Over 47.70 times higher volumes were traded than the daily average on the stock counter.

Shares of JBM Auto were trading up almost 13% on Wednesday on reports of the government launching tenders to procure electric buses.

Following that, volumes at the Raj Oil Mills counter were 44.01 times higher than the daily average; however, the Soma Textiles & Industries counter saw 31.04 times higher volume than the daily average.

Similarly, counters of Axis Mutual Fund and DSP Mutual Fund witnessed 25.55- and 25.50-times higher volume than the daily average, respectively. While volumes at the Nahar Capital and Financial Services counter were 20.87 times higher than the daily average.

Counters of Max India and Shree Vasu Logistics saw 20.67 times and 19.95 times higher trading volumes during the day. Agro Phos India and Gala Precision Engineering saw 17.82 times and 16.53 times higher volumes, respectively.