Tide Water Oil surges 15% on heavy volumes

The board has approved the pre-dealing application form received from Standard Greases and Specialities, joint promoter in connection with further acquisition of 174,240 equity shares of the company.

Tide Water Oil (India) has moved higher by 15% to Rs 6,437 on BSE in noon deals after the company announced that it has approved the pre-dealing application form received from Standard Greases and Specialities, joint promoter in connection with further acquisition of 174,240 equity shares or 5% stake of the company.

At 12:59 PM; the stock was up 10% at Rs 6,190 on BSE, as compared to 0.65% rise in the S&P BSE Sensex. A combined 75,273 shares changed hands on the counter so far against an average sub-2,000 shares were traded daily in past two weeks on