Bharat Gears has hit the 20 per cent upper circuit on possible multiple block deals in the late morning trade on the BSE. The counter saw a huge spike in volume around 1030 hrs, as the stock zoomed and hit the 20 per cent upper circuit. The stock now remains locked at the 20 per cent upper circuit at Rs. 96.40 - which is also a fresh 4.3-year high. The counter has seen huge volume of around 756,000 shares as against the two-week daily average volume of around 16,000 shares. As per data available from the BSE, the counter has seen multiple block deals of around 52,000 shares, 190,000 shares, 123,000 shares, 43,000, 33,000 and 60,000 in a span of 10-15 minutes around 1030 hrs. There are pending buy orders for around 24,700 odd shares on the BSE.
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