Essar Oil surged 5.89 per cent to Rs 198.70 after announcing a net profit of Rs 29.93 crore in the first quarter. The company had reported a net loss of Rs 5.67 crore in the first quarter last year.
The scrip opened at Rs 189.65, touched a high of Rs 199.90 and a low of Rs 184 during the day. A total of 3,339,031 shares changed hands at the BSE. The stock has risen 7.05 per cent in the last one month. Essar Oil is involved in energy production, peroleum products and offshore exploration.
