Indices traded with volatility but closed nearly flat. Nifty lost about 14 points to close at 16,549.55.

Elecon Engineering Co. Ltd, engaged in the industrial equipment manufacturing business, has jumped by over 15 per cent today from its previous close of Rs 229.75. The stock opened at Rs 236 and has made its day high of Rs 270 which is also its fresh 52-week high. As of 2:00 pm today, the stock was trading near Rs 265 on the BSE. This S&P 500 engineering company is leading group A on the BSE. 

Markets have been drifting lower, but several stocks are trading around all-time highs. Continue reading to learn more.

Adani Transmission Ltd is engaged in the business of generation, transmission, and distribution of power throughout India. It develops, owns & operates transmission lines across the states of Gujarat, Rajasthan, Bihar, Jharkhand, Uttar Pradesh, Maharashtra, Haryana, Chhattisgarh, and Madhya Pradesh.   

Around noon today, the core equity indices, i.e. Sensex and Nifty 50 were trading on the lower side as the US markets ended lower by more than a per cent on Friday. 

Thyrocare Technologies Ltd, Oil India Ltd and Omaxe Ltd are today’s mid-day movers. 

Amid poor global cues, the Indian markets kicked off the week on a somewhat lower note. 

The shares of VA Tech Wabag soared 9 per cent on BSE after the company secured an order to design, build & operate (DBO) for 50 MLD (expandableto 100 MLD) Mamelles Sea Water Desalination Project from Société Nationale Des Eaux du Sénégal (SONES), the National Water Company of Senegal, worth about 146 million Euros. This project will help the company to enhance its global position in the desalination market.   

The reasons for the rally in the share prices of all three stocks are unclear as no major announcements have been made by the companies lately.