High volume saw shares of JP Power, NBCC share price, JP Associates, Vodafone Idea, and Suzlon Energy rise.
What’s Driving the Rally as the NBCC Share Price Surges on the NSE?
On the NSE stock volume chart, NBCC, better known as Jaypee Power, comes out at the top. The stock increased 6.28% on the National Stock Exchange (NSE), rising to INR 10.15 around midday, with 190 crores worth of shares transacting hands. Other equities, including Vodafone Idea, NBCC, Jaypee Associates, and Suzlon Energy, had increases of up to 7% during the day, which was characterized by heightened trading activity.
As of 1 PM, 19,17,93,388 shares of Jaypee Power (JP Associates) had been exchanged on the counter, showing an impressive increase of 6.28% to INR 10.15. With a gain of 4.96% to INR 13.75 and 10,38,77,704 shares valued 141 crores, Jaypee Associates also did well. The rise in these equities is related to media speculation that the Adani Group, headed by Gautam Adani, is in discussions to buy Jaypee Shahabad Cement Plant. According to estimates, the cement facility in Karnataka features a 60-megawatt captive power plant and a 1.2 million ton yearly output capacity.
Following the trading of 11,05,72,074 shares worth a total of 130 crores, Vodafone Idea’s shares increased by 2.14% to INR 11.95. Before taking appropriate action, the telecom operator is analyzing the impact of variable license fees and waiting for the Supreme Court’s order.
As a result of the trading of 10,75,28,361 shares worth 735 crores, NBCC saw a rise of 6.58%, reaching INR 68.85. Suzlon Energy also saw increases, with 10,00,34,989 shares valued 313 crores gaining by 3.07% to INR 31.90. Shares of IRB Infra rose by 2.45% to INR 35.55, and a total of 6,16,06,036 shares were traded for 217 crores.
Please be aware that, in accordance with SEBI laws, all information, news, and events pertaining to these companies are routinely disclosed to the stock exchanges. This includes sensitive price-related data. On Thursday, IRB Infra made it clear that there were no pending announcements or concealed facts that required exchange notification.
With 4,07,77,784 shares worth 74 crores trading hands, Reliance Power saw a 0.83% rise, reaching INR 18.30. On Thursday, trade volumes increased for a number of other stocks, including SEPC, Yes Bank, IIFL, HCC, Jio Financial Services, and Punjab National Bank.
IndusInd Bank tops the list for turnover, with deals involving private lenders totaling INR 1,571 crores. Today’s trading activity also increased significantly for several stocks, including HDFC Bank, Bajaj Auto, Reliance Industries, NBCC, LTIA, and Jio Financial Services.
Top of the volume chart was JP Power. By 1 pm, 19,17,93,388 shares worth Rs 190 crore had been traded on the counter, sending the stock’s price up 6.28 percent to Rs 10.15 on the NSE.
NBCC Share Price , Jaiprakash Associates Ltd., Vodafone Idea Ltd., Jaiprakash Power Ventures Ltd. (JP Power), Suzlon Energy Ltd., and Jaiprakash Power Ventures Ltd. all saw gains of up to 7% on Thursday during trading on the NSE. High turnovers were observed on the exchange for Bajaj Auto, IndusInd Bank, and LTIMindtree, which recently released their September quarter results.
Top of the volume chart was JP Power. Shares of the Jaypee Group Company rose 6.28 percent to Rs 10.15 as 19,17,93,388 shares worth Rs 190 crore were traded on the market by 1 pm. JP Associates also increased 4.96 percent to Rs 13.75, while shares of the company were traded for Rs 141 crore, or Rs 10,38,77,704. A media report that the Gautam Adani-led Adani Group was in negotiations to purchase the Jaypee Shahabad cement factory caused the two stocks to soar. The cement facility in Karnataka has an annual operational capacity of 1.2 mt, according to the ET NOW article. Additionally, a 60 MW captive power plant is part of it.
NBCC Share Price increased 6.58 percent to Rs 68.85 as 10,75,28,361 shares of the company worth Rs 735 crore were traded. To Rs 31.90, Suzlon Energy increased by 3.07 percent. Shares of Suzlon Energy were traded for a total value of Rs. 313 crore on this day. Shares of IRB Infra increased by 2.45% to Rs 35.55. 6,16,06,036 IRB Infra shares worth a total of Rs 217 crore were traded.