Religare Enterprises locked in 10% upper circuit on heavy volume

In past three months, it tanked 54%, as compared to 8% rise in the S&P BSE Sensex till Wednesday

Religare Enterprises is locked in upper circuit of 10% at Rs 118.70 on BSE on back of heavy volume in otherwise subdued market.

The trading volume on the counter more than doubled with 2.02 million shares changing hands on NSE and BSE combined. An average 1.11 million shares were traded daily in past two weeks.

The stock of financial services company has rebound 29% from its record low of Rs 92 touched on Wednesday, July 12, 2017 in intra-day trade.

In past three months, it tanked 54% to Rs 102 from Rs 220, as compared to 8%