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Shares of Essar Oil were locked in upper circuit of 10% at Rs 154, also its fresh 52-week high on the BSE, on back of heavy volumes.
In past four trading sessions, the stock of oil & gas firm has zoomed 52% from Rs 101 on June 9, 2015 compared to a marginal 0.02% gain in the S&P BSE Sensex.
The trading volumes on the counter more-than-doubled with a combined 7.22 million shares changed hands on the BSE and NSE.
At 1025 hours, there were pending buy orders for 44,919 shares on both the exchanges.
On June 12, with reference to the increase in volume, Essar Oil had clarified to BSE that as on date there is no event, information or development in the company which is required to be submitted as per Clause 36 of the Listing Agreement.
In past four trading sessions, the stock of oil & gas firm has zoomed 52% from Rs 101 on June 9, 2015 compared to a marginal 0.02% gain in the S&P BSE Sensex.
The trading volumes on the counter more-than-doubled with a combined 7.22 million shares changed hands on the BSE and NSE.
At 1025 hours, there were pending buy orders for 44,919 shares on both the exchanges.
On June 12, with reference to the increase in volume, Essar Oil had clarified to BSE that as on date there is no event, information or development in the company which is required to be submitted as per Clause 36 of the Listing Agreement.
