Elecon, Bikaji Foods, 360 One Wam Shares Surge Amid Record Trading Volumes
Elecon Engineering shares rose as much as 13.44% to an intraday high of ₹476.90 on Wednesday, September 23, as trading volume spiked 101.6 times to 2.02 crore shares, compared with an average volume of 1.99 lakh shares on the National Stock Exchange. On the BSE, 10.62 lakh shares changed hands against a two‑week average of 18,000 shares. The heavy electrical equipment maker’s performance contributed to the broader market rally, with the SENSEX up 420 points at 74,949 and NIFTY50 advancing 127 points to 23,456 by 12:14 pm. The market was buoyed by a drop in global crude prices, which helped sustain investor sentiment across the equity benchmarks. The gains were led by index heavyweights such as Larsen & Toubro, Bajaj Finance, Reliance Industries, Tata Steel, HDFC Bank, ITC and Bharti Airtel, which pushed the SENSEX to rise as much as 445 points during the session.
Bikaji Foods shares advanced as much as 9.75% to an intraday high of ₹607, with trading volume on the NSE jumping 17 times to 20.93 lakh shares, compared with an average volume of 1.21 lakh shares. On the BSE, 89,000 shares changed hands against a two‑week average of 14,000 shares. The packaged foods maker’s performance was part of the broader market rally, which saw the SENSEX and NIFTY50 indices climb on the back of a drop in global crude prices. The surge in volumes reflected heightened investor interest in the company’s stock during the session.
360 One Wam shares advanced 4.66% to an intraday high of ₹1,122 after the company announced that Aashish Agarwal would join as Chief Executive Officer of the 360 ONE WAM Group, partnering with the firm’s founders to further grow and strengthen the business. Karan Bhagat, currently Managing Director & CEO, will be appointed as Vice Chairman and continue as Managing Director of the Group, driving group strategy, capital allocation and key client and institutional relationships. Yatin Shah, Co‑Founder, 360 ONE, will continue to drive 360 ONE’s decade‑long leadership in wealth management. Trading volume jumped 5.4 times to 27.32 lakh shares, compared with an average volume of 5.01 lakh shares on the NSE.
Ola Electric shares advanced 12% to an intraday high of ₹42.32 amid a spike in volumes. Trading volume in the stock jumped 5.3 times to 25.71 crore shares, compared with an average volume of 4.82 crore shares on the NSE. On the BSE, 1.98 crore shares changed hands against an average of 47.77 lakh shares traded daily in the past two weeks. The electric two‑wheeler maker’s performance was part of the broader market rally, which saw the SENSEX and NIFTY50 indices climb on the back of a drop in global crude prices. The surge in volumes reflected heightened investor interest in the company’s stock during the session.
JSW Dulux shares advanced 4.2% to an intraday high of ₹3,268, mirroring gains in other oil‑sensitive stocks after crude fell for a second straight session. Crude oil dropped below $100 per barrel on expectations of a diplomatic solution to the US‑Iran war through talks at the UN in New York, while Saudi Arabia began restoring crude supply on a critical pipeline to the Red Sea. Brent Crude futures fell nearly 1% to $98.27 per barrel. Trading volume in the stock jumped 4.2 times to 64,763 shares, compared with an average volume of 15,510 shares on the NSE.