Malu Paper Mills, Tata Tech, PNB Housing Fin, Paras Defence among stocks witnessing high volume today

The Indian stock market was trading in green during the intraday period on Tuesday, April 29, amid persistent inflow from the foreign investors.

At 2:15 PM, the S&P BSE SENSEX was up 190.64 points, or 0.24%, at the 80,409.01 level, while NSE’s NIFTY50 was at the 24,361.90 level, rising 33.40 points, or 0.14%.

Bharat Electronics, Reliance Industries, Tech Mahindra, HCL Technologies and Infosys were the most contributing stocks on the NIFTY50 index, surging as much as 3.7%.

On the flip side, UltraTech Cement, Power Grid, ONGC, Coal India and Dr Reddy’s were the top losing stocks, declining as much as 2.22%.

On Tuesday, shares of Malu Paper Mills, RPG Life Sciences, Tata Technologies, Aspinwall and Company, Jayaswal Neco Industries and PNB Housing Finance 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, Malu Paper Mills saw the most volume exchange in its counter. The number of shares that changed hands on Tuesday was over 69.72 times higher than the daily average on the stock counter.

Shares of the paper products firm zoomed nearly 18% during the intraday period on the National Stock Exchange.

Following that, volumes at the RPG Life Sciences counter were 18.50 higher than the daily average; however, the Tata Technologies counter saw 17.79 times higher volume than the daily average.

Counters of Aspinwall and Company and Jayaswal Neco Industries witnessed 14.78- and 11.39-times higher volume than the daily average, respectively. While volumes at the PNB Housing Finance counter were 11.07 times higher than the daily average.

Shares of PNB Housing Finance soared 7% as the company reported a 25.3% increase in its consolidated net profit at ₹550.38 crore for the March quarter of the financial year 2024-25.

Further, counters of Go Digit General Insurance and Axis Mutual Fund saw 9.16 times and 6.76 times higher trading volumes during the day. The India Cements and Paras Defence and Space Technologies also marked 6.33 times and 5.73 times higher volumes, respectively.