The Indian stock market experienced significant fluctuations on August 20, 2024, particularly within the BSE's 'A' and 'B' groups. Notably, Gravita India Ltd emerged as the biggest loser, crashing by 10.17%.
At 14:46 IST, the stock traded at Rs 2140, with trading volume reaching 1.05 lakh shares - surpassing its average daily volume of 60,479 shares over the last month. Following closely was Mazagon Dock Shipbuilders Ltd, whose shares tumbled 8.55% to Rs 4318.65 after trading 3.25 lakh shares, compared to its typical volume of 1.68 lakh.
Another significant player in this downward trend was Garden Reach Shipbuilders & Engineers Ltd, recording a 7.48% drop to Rs 1777.45. This stock saw 1.61 lakh shares exchanged, exceeding its average daily trading volume of 1.2 lakh shares.
Firstsource Solutions Ltd faced similar fate, with shares plummeting by 4.43% to Rs 322.5. On this day, 7.66 lakh shares changed hands, outpacing its average volume of 5.76 lakh shares.
Meanwhile, Triveni Engineering and Industries Ltd also struggled, losing 4.21% and trading at Rs 445.95. The stock maintained solid volume with 1.5 lakh shares traded against its average of 73,399 shares.
On the contrary, the BSE's 'B' group displayed mixed results. Skipper Ltd Partly Paidup led the losses, falling sharply by 12.93% to trade at Rs 261.2, with only 200 shares traded on the exchange, significantly lower than its average of 653 shares.
Ola Electric Mobility Ltd, the second biggest loser within the 'B' group, saw its shares drop 8.79%, landing at Rs 133.2, with 179.44 lakh shares changing hands against the usual 248.28 lakh. Among other losers, STL Global Ltd lost 8.57% to Rs 19.53, witnessing 17,409 shares traded, below its average volume of 37,884.
Kitex Garments Ltd was not spared either, dropping 7.90% to Rs 341.2, with 4.41 lakh shares traded, significantly up from its average of 1.55 lakh shares. Sakuma Exports Ltd slipped by 6.52% to Rs 8.32, but it managed to attract 14.76 lakh shares against its norm of 16.63 lakh shares.
This fluctuation raises questions on the performance and stability of various sectors within the Indian stock market. Investors will be keeping a close watch on these stocks to gauge potential rebounds or continued declines.
