The stock finally ended with a huge gain of 14% at Rs 187. The stock has soared 64% in the last month. The counter witnessed heavy volumes of 6.20 million shares on the BSE.
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(Updated at 1324 hrs)
Hindustan Oil Exploration Company (HOEC) has soared 16%.
On July 21, the company announced that the two blocks acquired under NELP VII have been granted Petroleum Exploration Licence by the Government of Rajasthan. Following which, the stock has gained 22%.
Today, the scrip opened at Rs 164, slipped to a low of Rs 161 and then rebounded to touch a high of Rs 196 which was also the life-time high. The scrip is now trading at Rs 190, up 16% from yesterday's close.
The counter has clocked heavy volumes of 3.90 million shares as compared to the two-week daily average traded volumes of 546,725 shares on the BSE and the stock advanced 67% in a month's time.