Cera Sanitaryware Ltd, PC Jeweller Ltd, Mahindra Logistics Ltd, Reliance Communications Ltd are among the other stocks to see a surge in volumes on NSE today, 17 September 2019.

Nilkamal Ltd witnessed volume of 3.43 lakh shares by 14:14 IST on NSE, a 34.43 times surge over two-week average daily volume of 9949 shares. The stock increased 12.18% to Rs.1,168.00. Volumes stood at 9715 shares in the last session.

Cera Sanitaryware Ltd saw volume of 31007 shares by 14:14 IST on NSE, a 9.46 fold spurt over two-week average daily volume of 3277 shares. The stock dropped 1.04% to Rs.2,550.00. Volumes stood at 2605 shares in the last session.

PC Jeweller Ltd recorded volume of 364.84 lakh shares by 14:14 IST on NSE, a 7.29 times surge over two-week average daily volume of 50.06 lakh shares. The stock gained 10.78% to Rs.41.10. Volumes stood at 88.25 lakh shares in the last session.

Mahindra Logistics Ltd registered volume of 2.13 lakh shares by 14:14 IST on NSE, a 5.2 fold spurt over two-week average daily volume of 40903 shares. The stock slipped 1.33% to Rs.341.80. Volumes stood at 15790 shares in the last session.

Reliance Communications Ltd registered volume of 544.82 lakh shares by 14:14 IST on NSE, a 5.19 fold spurt over two-week average daily volume of 105.04 lakh shares. The stock slipped 0.00% to Rs.0.95. Volumes stood at 165.92 lakh shares in the last session.

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Torrent Power Ltd, Info Edge (India) Ltd, Maharashtra Seamless Ltd, HEG Ltd are among the other stocks to see a surge in volumes on BSE today, 17 September 2019.

Nilkamal Ltd notched up volume of 8168 shares by 10:45 IST on BSE, a 12.43 fold spurt over two-week average daily volume of 657 shares. The stock rose 11.68% to Rs.1,165.10. Volumes stood at 600 shares in the last session.

Torrent Power Ltd registered volume of 2.04 lakh shares by 10:45 IST on BSE, a 5.25 fold spurt over two-week average daily volume of 38810 shares. The stock rose 0.07% to Rs.279.50. Volumes stood at 48242 shares in the last session.

Info Edge (India) Ltd recorded volume of 89873 shares by 10:45 IST on BSE, a 5 times surge over two-week average daily volume of 17974 shares. The stock lost 0.93% to Rs.1,923.50. Volumes stood at 7433 shares in the last session.

Maharashtra Seamless Ltd registered volume of 1466 shares by 10:45 IST on BSE, a 3.28 fold spurt over two-week average daily volume of 446 shares. The stock rose 3.38% to Rs.405.65. Volumes stood at 343 shares in the last session.

HEG Ltd clocked volume of 2.42 lakh shares by 10:45 IST on BSE, a 2.86 times surge over two-week average daily volume of 84800 shares. The stock lost 7.03% to Rs.1,304.50. Volumes stood at 2.65 lakh shares in the last session.

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Nilkamal has completed the acquisition of entire shareholding of Bito Lagertechnik, Bittmann GmbH in Nilkamal Bito Storage Systems, a joint venture company.

Consequent to the said acquisition, the Company has terminated:-

1) The Joint Venture Agreement dated April, 18, 2006, by and amongst Nilkamal (Formerly known as Nilkamal Plastics) and Bito Lagertechnik Bittmann GmbH, asamended on July 11, 2016 by and amongst Nilkamal Limited, Bito Lagertechnik Bittmann Gmbhand Nilkamal Bito Storage Systems.

2) License Agreement dated 22 May 2006 by and amongst Bito Lagertechnik, Bittmann Gmbhand Nilkamal Bito Storage Systems.

Nilkamal Bito Storage Systems has now become the wholly owned subsidiaryof the Company.

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Net profit of Nilkamal declined 7.50% to Rs 31.07 crore in the quarter ended June 2019 as against Rs 33.59 crore during the previous quarter ended June 2018. Sales declined 8.31% to Rs 536.48 crore in the quarter ended June 2019 as against Rs 585.13 crore during the previous quarter ended June 2018.

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