Stocks of NTPC and NIIT Technologies behaved differently at the bourses in early trade on Thursday after both the counters witnessed a sharp jump in trading volumes.
Power major NTPC witnessed a huge trading volume, with bulk quantities changing hands among a few.
Volumes jumped to 74.6 lakh shares on the BSE against its two-week average volume of 6.42 lakh shares. However, it is immediately not known who were the buyers and sellers.
But the trading interest helped the stock surge 1.8 per cent at Rs 160.20 around noon, even as the BSE Sensex slipped 0.45 per cent.
While the Government holding in the PSU stands at 84.5 per cent, LIC is the other major shareholder with 6.03 per cent stake. Foreign institutional investors and small retail investors have insignificant exposure of 3.97 per cent and 1.95 per cent, respectively.
NTPC reported a net profit of Rs 2,498.67 crore and total income of Rs 16,844.89 crore for the quarter ended June 30, 2012.
Similarly, NIIT Technologies also witnessed a massive volume through multiple bulk deals. But the stock slumped almost five per cent to Rs 284.80.
About 54.3 lakh shares changed hands against the two-week average of 52,000 shares.
Promotes hold 38.85 per cent stake, while 95 FIIs have an exposure of 22.56 per cent in the company. Retail investors’ holding stands at 15.45 per cent, while MFs hold 12.68 per cent stake.
The company reported a net profit of Rs 44.39 crore on a revenue of Rs 243.68 crore for the June quarter.