Syngene International, KIOCL, and Natco Pharma among stocks witnessing high volume today

The Indian stock market on Thursday, April 24, snapped its seven days of rally and was trading lower during the intraday period following a mixed trend among Asian peers.

At 1:40 PM, BSE S&P BSE SENSEX declined 306.83 points, or 0.38%, at the 79,809.66 level, while NSE’s NIFTY50 was at the 24,246.55 level, falling 82.40 points, or 0.34%.

Hindustan Unilever, Bharti Airtel, Mahindra and Mahindra, ICICI Bank and Eicher Motors were the biggest losing stocks on the NIFTY50 index, declining as much as 3.75%.

On the other hand, IndusInd Bank, Grasim, UltraTech Cement, Tata Consumer Products and Cipla were the top gaining shares, jumping as much as 3.73%.

Shares of KIOCL Limited, Syngene International, Natco Pharma, Repro India and Thyrocare Technologies were among the ones witnessing the highest surge in trading volumes on Thursday.

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.

According to National Stock Exchange (NSE) data, counters of KIOCL Limited and Syngene International saw the most volume exchange in their counters. The number of KIOCL Limited and Syngene International shares that changed hands during afternoon trade on Thursday was over 38.07 and 37.59 times higher than the daily average on the stock counter.

Shares of Syngene International, the contract research and manufacturing services firm, plunged 12.7% to ₹654 apiece on the NSE during the intraday period on Thursday after the company reported a 3% drop in its consolidated net profit at ₹183 crore for the March quarter (Q3 FY25). Total income rose to ₹1,037 crore for the fourth quarter as against ₹933 crore logged in the year-ago period, Syngene International said in a regulatory filing.

Counters of Natco Pharma, Repro India and Eldeco Housing and Industries witnessed 26.92, 22.41 and 20.17 times higher volume than the daily average, respectively. While volumes at the Thyrocare Technologies counter were 19.33 times higher than the daily average.

Shares of Thyrocare Technologies zoomed 12% during the day’s trade after the company reported an increase in net profit of 22% to ₹21.7 crore in Q4 FY25 against ₹17.8 crore in the corresponding period of last year.

Its revenue grew 21.3% to ₹187.2 crore during the reporting quarter as compared to ₹154.3 crore in Q4 FY24. The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) zoomed 70.5% to ₹57.8 crore.

Further, volumes at Modi Rubber’s counter were 18.97 times higher than the daily average, while Newgen Software Technologies counter witnessed 17.96 times higher than the daily average.

Counters of Angel One Mutual Fund and Mirae Asset Mutual Fund saw 15.78 times and 15.16 times higher trading volumes during the day.