Stocks of HPCL hit a 52-week high of Rs 415.80, before closing 3.27 per cent higher at Rs 410.35.
More than 22.46 lakh shares of the company were traded on the BSE. The counter moved up after the Centre appealed to the Supreme Court not to stay the disinvestment of the PSU in the interest of the economy and the stock markets, according to market sources.
The HPCL counter has also benefited from reports that the golden share clause, which would enable the government to veto any board decision, would be omitted in the transaction document for strategic sale.
Replying to the Apex court
