Reliance Industries Ltd seems to be losing its numero uno position not only among the investors but among punters as well.
While the interest in Infosys on the day when it came out with its Q 2 numbers is understandable, that RIL had slipped to the seventh place among the mostly traded stocks half way through the day’s trading in the NSE seems to reflect the changing preferences of the day traders.
In fact, Tata Motors has been beating the RIL counter in terms of trading volume recently, probably helped by the split in the face value of the stock from Rs 10 to Rs 2 that brought down the share price. But the fact that several other counters have overtaken RIL in terms of the volume of trading shows that winds of change are blowing.
For instance, yesterday in NSE, the topper in terms of turnover value was Infosys with 27.92 lakh shares being traded valued Rs 704 crore. SBI came second in terms of value of turnover with 39.35 lakh shares being traded for a value of Rs 700 crore. Tata Motors was way ahead of others in terms of number of shares traded with 2.28 crore shares changing hands for a total value of Rs 400 crore. RIL came fourth with about 36 lakh shares being traded for a value of Rs 298 crore.
Today, in NSE it was again Tata Motors that was ahead of others in the most traded stocks list with about two and half hours of trading remaining. Trading in the Tata Motors counter has already crossed the 1 crore mark to reach 1.13 crore shares and the volume of trading in six other counters was higher than in Reliance. In Infosys, the volume was 25.93 lakh, SBI 26.95 lakh, Jubilant Food 23.59 lakh, TCS 17.11 lakh, ICICI Bank 20.10 lakh and Coal India witnessed a huge volume of trading of 49.90 lakh shares. Reliance came seventh with a trading volume of 15.77 lakh shares. Gravita registered a trading volume of 23.51 lakh shares. Only Axis Bank saw lesser volume of trading, than RIL, of 10.58 lakh shares.
The turnover value in Infosys (Rs 684 crore), SBI (Rs 482 crore), Jubilant Food (Rs 201 crore), Tata Motors (Rs 196 crore), TCS Rs 184 crore), ICICI Bank (Rs 169 crore) and Coal India (Rs 169 crore) counters was higher than in RIL (Rs 131 crore). Only trading value in Axis Bank (Rs 111 crore) and Gravita ( Rs 110 crore) counters was less than in RIL.