Several stocks witnessed unusually high trading volumes during the latest trading session, with a majority of counters seeing price declines amid heavy selling, according to data from Wegro App’s High-Volume Movers Digest.
Stocks Under Pressure on High Volumes
Shares of Indian Energy Exchange (IEX) came under selling pressure despite robust activity. The stock was trading at ₹138.45, with volumes at 1.84 crore shares, nearly 5.6 times the weekly average, indicating heightened distribution.
INOX Wind also saw elevated volumes alongside a price drop, trading at ₹113.85, with volumes double its weekly average. Similarly, Zensar Technologies slipped to ₹709.05 amid volumes over 4.3 times the weekly average, suggesting cautious sentiment in select IT counters.
Other stocks witnessing high-volume declines included:
HEXT
India Homes
Jindal Photo
Power India
Prestige Group
Ravindra Energy
Shaily Engineering
AWL Agri Business
Balu Forge Industries
Market participants noted that such volume-led declines often signal profit booking or institutional churn, warranting close tracking in the near term.
Stocks Gaining on Strong Volume
On the positive side, Petronet LNG advanced on strong participation, trading at ₹287.40, with volumes over three times its weekly average, indicating renewed buying interest.
Public sector major BHEL also gained traction, trading at ₹274.70, supported by volumes nearing 3 times the weekly average, reflecting optimism around capital goods and infrastructure-linked stocks.
Other stocks showing price gains with high volumes included:
Zim Laboratories
Ausom Enterprise
AYM Syntex
Market View
Analysts advise investors to closely monitor stocks showing high volume with falling prices, as sustained selling could indicate trend reversals. Conversely, counters rising on strong volumes may offer short-term momentum opportunities, subject to broader market conditions.
Data Source: Wegro App.
