Housing Development Finance Corporation Ltd, Cholamandalam Investment & Finance Company Ltd, Procter & Gamble Hygiene and Health Care Ltd, KEI Industries Ltd are among the other stocks to see a surge in volumes on BSE today, 04 December 2020.

GHCL Ltd witnessed volume of 3.2 lakh shares by 10:47 IST on BSE, a 7.13 times surge over two-week average daily volume of 44868 shares. The stock increased 3.78% to Rs.206.05. Volumes stood at 1.24 lakh shares in the last session.

Housing Development Finance Corporation Ltd registered volume of 21.37 lakh shares by 10:47 IST on BSE, a 6.88 fold spurt over two-week average daily volume of 3.11 lakh shares. The stock rose 0.93% to Rs.2,274.85. Volumes stood at 6.97 lakh shares in the last session.

Cholamandalam Investment & Finance Company Ltd clocked volume of 9.21 lakh shares by 10:47 IST on BSE, a 4.71 times surge over two-week average daily volume of 1.95 lakh shares. The stock gained 0.92% to Rs.374.10. Volumes stood at 95754 shares in the last session.

Procter & Gamble Hygiene and Health Care Ltd notched up volume of 3012 shares by 10:47 IST on BSE, a 3.91 fold spurt over two-week average daily volume of 770 shares. The stock rose 1.43% to Rs.11,076.85. Volumes stood at 3101 shares in the last session.

KEI Industries Ltd notched up volume of 75011 shares by 10:47 IST on BSE, a 3.29 fold spurt over two-week average daily volume of 22811 shares. The stock rose 0.67% to Rs.426.70. Volumes stood at 13239 shares in the last session.

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GHCL announced that India Ratings & Research has affirmed IND A1+ to GHCL for issuance of Commercial Paper (CP) of Rs. 1000million, which shall be carved out of existing working capital facilities.

It has also affirmed IND A+ (Outlook Positive) to GHCL for Issuer rating (Long Term).

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The Board of GHCL had approved the Scheme of Arrangement involvingdemerger of Textiles Business Undertaking of GHCL to GHCL Textiles, subject to receipt of applicable regulatory approvals.

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GHCL announced that Competition Commission of India has on 04 November 2020 approved the proposed Scheme of Arrangement between GHCL (demerged company) and GHCL Textiles (resulting company) and their respective shareholders and creditors.

The scheme remains subject to receipt of other statutory and regulatory approvals, including the approvals from Stock Exchanges, SEBI, National Company Law Tribunal, and respective shareholders and creditors of GHCL and GHCL Textiles.

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