New Delhi, Oct. 28 -- Shares of Ramky Infrastructure, the flagship company of the Ramky Group, surged 17.4% in Wednesday's trade, settling at Rs.300 apiece and recording their biggest single-day gain since August 2022. The sharp rally offered some relief to shareholders after the stock had been under sustained selling pressure since April.

Although there were no major fundamental triggers behind the sharp rise in Ramky Infrastructure's share price, trading volumes witnessed a significant spike, with nearly 7 million shares changing hands on the NSE and BSE during the session. This was nearly five times the stock's average weekly trading volume, according to Trendlyne data.

The rally helped the stock recover all its October losses and tu...