Top NSE Stocks: IDFC First Bank, Filatex Fashions Among Most Traded Issues

Market Update

Domestic Market Benchmarks Suffer Losses

On February 24, India's domestic market benchmarks, the Sensex and the Nifty 50, experienced significant losses in intraday trade, threatening to snap their two-day winning streak. The Sensex plummeted by 900 points, while the Nifty 50 dropped by 1% to an intraday low of 25,460.

Most Traded Stocks

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Several stocks witnessed heavy trading volumes, with cres of shares having already changed hands by 11:30 am. The top most traded stocks on the NSE included:

• Filatex Fashions: Over 17 crore shares had changed hands, with the stock surging by 14% in intraday trade. The stock's rise appears to be driven by technical factors, with no recent corporate announcements from the company.
• Vodafone Idea: Over 16 crore shares of the company had already changed hands, with the telecom stock falling by 1% in intraday trade.
• IDFC First Bank: Over 10 crore shares had changed hands, with the stock rising by 1% after a 16% crash in the previous session.
• Morepen Laboratories: More than 5 crore shares had changed hands, with the stock jumping by 8% during the session.
• Ola Electric Mobility: Over 3 crore shares had changed hands, with the stock falling by 1% during the session.

Stock Performance

• Filatex Fashions: The stock has crashed by 21% in February so far.
• Vodafone Idea: The stock has extended losses for the fourth consecutive session.
• Morepen Laboratories: The stock has jumped by 15% in the previous session following its announcement of securing a multi-year ₹825 crore Contract Development and Manufacturing Organisation (CDMO) mandate.
• Ola Electric Mobility: The stock has been falling for the last four consecutive sessions and has crashed by 57% in the last one year, according to NSE data.

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