Back to market news
PVRINOX

TBO Tek and Chennai Petroleum Shares Surge Amid Record Trading Volumes

TBO Tek, a tour and travel services provider, saw its shares rise as much as 4.63 % to a fresh 52‑week high of ₹1,771 on Wednesday, October 7. Trading volume on the National Stock Exchange jumped 7.8 times to 17 lakh shares, compared with an average of 2.18 lakh shares. On the BSE, 2.99 lakh shares changed hands versus a two‑week average of 13,000 shares. The spike in activity reflected heightened investor interest in the company’s stock.

Chennai Petroleum Corporation, an oil refining company, advanced 13 % to an intraday high of ₹1,583 on the same day. Trading volume on the NSE surged 6.2 times to 1.14 crore shares, against an average of 18.37 lakh shares. On the BSE, 10 lakh shares were traded compared with a two‑week average of 81,000 shares. The sharp rise in volume and price underscored the market’s focus on energy‑sector stocks amid global crude price movements.

PVR Inox, a film production, distribution and exhibition company, rose 9.75 % to a fresh 52‑week high of ₹1,373.30. Its NSE trading volume jumped 5.6 times to 27.73 lakh shares, compared with an average of 4.92 lakh shares. Bharti Hexacom, a telecom services provider, advanced as much as 6 % to ₹1,467, with trading volume increasing 4.4 times to 10.72 lakh shares versus an average of 2.45 lakh shares. Kansai Nerolac, a paint maker, gained 3.1 % to an intraday high of ₹189, with volume up 3.5 times to 11.73 lakh shares against an average of 3.32 lakh shares on the NSE.

The Indian equity benchmarks were trading sharply lower in noon deals on Wednesday, October 7, tracking a fall in the rupee which depreciated by 35 paise to hit an intraday low of 96.77 per dollar. This followed the Reserve Bank of India’s Monetary Policy Committee unanimously deciding to raise the repo rate by 25 basis points to 5.5 % and shifting the policy stance to ‘calibrated tightening’. Rising crude prices in global markets also weighed on investor sentiment, analysts noted.

Across the market, trading volumes spiked for several stocks, with BSE activity also rising. For example, TBO Tek saw 2.99 lakh shares traded on the BSE versus a two‑week average of 13,000 shares, while Chennai Petroleum traded 10 lakh shares against a two‑week average of 81,000 shares. PVR Inox’s NSE volume of 27.73 lakh shares was 5.6 times its average, and Bharti Hexacom’s volume of 10.72 lakh shares rose 4.4 times. Kansai Nerolac’s NSE volume of 11.73 lakh shares was 3.5 times its average of 3.32 lakh shares.