Stories
Upper Circuit Stocks: ITDC, KSB, Astec LifeSciences Surge Up to 15% Within 20 Mins of Opening
- •ITDC, KSB, and Astec LifeSciences shares experienced significant surges on Wednesday morning, nearing their upper circuits.
- •ITDC shares jumped by about 11%, with over 1.1 million shares traded in the initial 20 minutes, 39 times its normal daily average.
- •KSB shares rose by about 8%, seeing over 1.9 million shares traded in the first 20 minutes, an astounding 173 times its normal daily average.
- •Astec LifeSciences recorded the highest percentage gain of about 12.5%, with over 200,000 shares traded in the initial 20 minutes.
- •The simultaneous rise in price and volume indicates increased trading activity, but does not automatically confirm institutional buying or major deals.
Key Questions Answered
KSB shares saw an opening price of 860 rupees compared to the previous close of 824.80 rupees, and by 9:40 AM, they traded around 890 rupees representing roughly an 8 percent jump. In the initial 20 minutes, over 1.9 million shares were traded, which was more than 172 times its normal daily average of 11,000 shares.
Astec LifeSciences' share opened at 699 rupees and reached around 783 rupees by 9:40 AM, delivering an increase of about 12.5 percent from its previous closing price of 696.25 rupees. Within the first 20 minutes, trading volume exceeded 200,000 shares, marking over 8 times its normal daily average.
India Tourism Development Corporation's share opened at 660 rupees and quickly rose to around 726 rupees by 9:40 AM, marking an approximate 11 percent increase from the previous close. Its initial 20-minute volume crossed 1.1 million shares, surpassing 39 times its normal daily average volume of about 28,000 shares.
