 "Essar Oil hits fresh 52-week high; surges over 30% in three days")
Shares of Essar Oil were trading higher by 4.4% to Rs 190, extending their over-20% rally in the past two days on the National Stock Exchange (NSE), on the back of heavy volumes.
The stock hit a fresh 52-week high of Rs 197 in intra-day trades, rallying 33% in the past two weeks from Rs 148 on July 3. The CNX Nifty dipped 1% during the same period.
Till 1439 hours, a combined 11.67 million shares changed hands as against an average sub-5 million shares that were traded daily in the past two weeks on BSE and NSE.
According to media reports, last week, the NSE approved the company’s plans to delist its shares from the stock exchange.
Meanwhile, in the past one month, the stock has zoomed 86% compared to a 5% rise in the benchmark index.
The stock hit a fresh 52-week high of Rs 197 in intra-day trades, rallying 33% in the past two weeks from Rs 148 on July 3. The CNX Nifty dipped 1% during the same period.
Till 1439 hours, a combined 11.67 million shares changed hands as against an average sub-5 million shares that were traded daily in the past two weeks on BSE and NSE.
According to media reports, last week, the NSE approved the company’s plans to delist its shares from the stock exchange.
Meanwhile, in the past one month, the stock has zoomed 86% compared to a 5% rise in the benchmark index.