Shiva Mills, DCB Bank, Paras Defence: Stocks that are seeing spurt in volumes today

The equity benchmark indices on Monday, April 28, were trading 1% higher during the intraday period following gains in heavyweight stocks like Reliance Industries and a rally in the oil and gas and banking sectors.

Reliance Industries (4.91%), State Bank of India (2.66%), Sun Pharma (2.54%), Bharat Electronics (2.22%) and JSW Steel (2.06%) were the most contributing stocks on the NIFTY50 index.

On the other hand, Shriram Finance, HCL Technologies, UltraTech Cement, Bajaj Finance and Hindustan Unilever were the biggest losing stocks, falling as much as 5.63% on the 50-share index.

On Monday, shares of Shiva Mills, DCB Bank, Premier Explosives, SBI Mutual Fund and Paras Defence and Space Technologies 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.

Shiva Mills counter witnessed the highest trading volume. The number of shares that changed hands on the stock was over 51.68 times higher than the daily trading volume on the counter. The stock was trading higher by over 9%.

The counter of DCB Bank marked 12.49 times higher trading volume than the daily average, while the Premier Explosives Limited counter saw 10.54 times higher trading volume than the daily average.

Further, SBI Mutual Fund, Paras Defence and Space Technologies and Lakshmi Finance & Industrial Corporation were also seeing higher trade volumes by 9.56, 9.10 and 9.02 times the daily average.

Shares of Paras Defence jumped almost 11% during the intraday period to ₹1,159.35 apiece. The stock rallied after the company said its board of directors will consider a stock split and the declaration of a dividend on April 30, 2025, along with its financial results for the fourth quarter of FY25.

For Lakshmi Finance, this is the second day when the stock is witnessing high-volume trade. The stock has gained over 9% during the day’s trading on Monday.

Counters of Manorama Industries and South West Pinnacle Exploration were also witnessing 8.13 and 7.71 times higher volume than the daily average, respectively.

Again, Tokyo Plast International's counter was seeing higher volumes by 7.56 times than the daily average.