Several stocks witnessed unusually high trading volumes in the latest session, with a mixed trend across sectors, according to data from the Wegro App High-Volume Movers Digest.
Stocks Gaining on High Volumes
Shares of Coromandel International traded higher on strong volumes, indicating buying interest at higher levels. MPHASIS also moved up, supported by volumes nearly five times its weekly average, suggesting momentum in select IT stocks.
Other stocks that advanced on elevated volumes included:
Modi Naturals Limited
STAR Health
KRYSTAL / Krystal Integrated Services
Mazagon Dock Shipbuilders
Dabur India
Dr Reddy’s Laboratories
Market participants noted that stocks rising on high volumes often reflect fresh accumulation or sector-specific optimism, though sustainability depends on broader market cues.
Stocks Under Pressure on Heavy Trading
On the downside, Mindacorp, Modis Navnirman, and MPS Limited witnessed price declines despite heavy volumes, signalling possible profit booking or distribution.
Other stocks trading lower on high volumes included:
Sun Pharmaceutical Industries
Manappuram Finance
Mastek
Solar Industries
Sona BLW Precision Forgings
Data Patterns
Dalmiya Bharat
Shilchar Technologies
Analysts caution that high volume coupled with price decline often warrants close monitoring, as it may indicate weakening near-term sentiment.
Market View
Stocks showing strong price action with high volumes may offer short-term momentum opportunities, while counters declining on heavy trades could face further volatility if selling pressure persists.
Source: Wegro App.
