Vardhman Textiles, Gland Pharma, Avanti Feeds: Stocks that are witnessing spurt in volumes today

The Indian equity market on Thursday, April 3, was trading lower during the afternoon trade but remained resilient amid the US’ tariff announcements.

At 2:11 PM, the S&P BSE SENSEX was trading at the 76,311.23 level, declining 306.21 points, or 0.40%, while the NSE's NIFTY50 index fell 72.40 points, or 0.31%, to 23,259.95.

The top 10 high-volume trading stocks on Thursday included counters of Vardhman Textiles, Gland Pharma, Bal Pharma Limited, Nippon India ETF and Avanti Feeds.

Vardhman Textiles counter witnessed the highest trading volume. The number of shares that changed hands on Thursday on the stock was over 51.48 times higher than the daily trading volume on the counter.

Shares of the domestic garment exporter Vardhman Textiles were trading above 15% after US President Donald Trump announced comparatively lower tariffs on Indian imports to the US.

President Trump announced a 26% "discounted reciprocal tariff" on India, which was sharply lower than India's competing textile-exporting nations like China, Vietnam, Cambodia, Bangladesh, Sri Lanka and Thailand.

The counter of Gland Pharma marked 20.02 times higher trading volume than the daily average, while the Bal Pharma counter saw 11.46 times higher trading volume than the daily average.

Pharma stocks soared on Thursday as Trump’s tariff did not include the sector.

Further, Nippon India ETF, Aditya Birla Sun Life Mutual Fund and Raj Television Network counters were also seeing higher trade volumes by 11.19, 9.66 and 9.28 times the daily average.

Volumes at the Axis Mutual Fund counter were 8.90 times higher than the daily average. Pokarna's counter also marked 8.86 times higher volume than the daily average.

Counters of Alembic Limited and Avanti Feeds were also witnessing 8.65- and 8.09-times higher volume than the daily average, respectively.

Shares of shrimp producers Avanti Feeds came under heavy selling pressure after the tariff imposition. Analysts say that the new tariffs announced by President Trump will make Indian shrimp expensive in the US, likely halting supplies to the US. The scrip was trading 16.31% lower during the intraday trade 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.

Meanwhile, Infosys, Tata Consultancy Services, Tech Mahindra, HCL Technologies and ONGC were the biggest laggards, tumbling as much as 3.74% on the 50-share index.

On the flip side, Power Grid, Sun Pharma, Cipla, Shriram Finance and NTPC were the most gaining stocks, rising as much as 3.96%.