Quote:
Originally Posted by yemo
No chart for WEMA. The volumes blew the maximum number of allowable decimal places :-)
Any time you see at least two sets of trades with the same price and volume traded over the course of the mornng raises suspicions though:
NSESymbol Price Trades Volume Value AsOfDate LastModified
WEMABANK 2.85 2 28700 81795 16/04/2009 16/04/2009 11:15
WEMABANK 2.85 13 1992658166 5679075773 16/04/2009 16/04/2009 11:30
WEMABANK 2.85 14 1992663166 5679090023 16/04/2009 16/04/2009 11:45
WEMABANK 2.85 16 2347083753 6689188696 16/04/2009 16/04/2009 12:00
WEMABANK 2.85 17 2347133753 6689331196 16/04/2009 16/04/2009 12:15
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Bear in mind that whenever someone is buying, someone is selling; unless the company was approved for additional fund raising by floating more shares.
The most likely scenario is that shares are changing hands between two institutions/fund managers off the floor (which is completely legal) and has to be recorded as a trade on
NSE.