Volume buzzers: Rane Engine, KRBL, Circuit Systems

Market was mildly positive in trade today and even midcaps as well as smallcaps were following the same trend. But there are some smallcaps, which were buzzing on huge volumes.

First is Rane Engines, which was trading over 250 times its 10-day average with an upmove of almost 15%. The move came after 5% equity changed hands. There were reports that the Rane group is doubling its capex spend for the company in FY12 and targeting a 15% growth rate for the next 3 years.

KRBL was trading 7 times its 10-day average. The stock gained 10% on the back of statements from the food minister that he is not averse to export of rice and is considering a proposal to allow upto 1 million tonnes of rice exports.

Circuit Systems was trading 2000 times its 10-day average with an upmove of 10%. In a block deal, about 30% equity change hands. Promoters currently hold about 52% in the company.

Bhagyanagar India was trading 44 times its 10-day average. The stock jumped almost 20%. The promoters had earlier got a special SEBI exemption to take stake beyond 73% via buyback. Management confirmed to CNBC-TV18 that it will start buying from open market post completion of formalities on July 20th and will keep buying from open market upto Rs 35 per share.