Star Paper Mills zooms 40% in two days on heavy volumes

The stock surged 17% to Rs 200 in intra-day trade, extending its Friday's rally on BSE.

Star Paper Mills surged 17% to Rs 200 in intra-day trade, extending its Friday’s rally on the National Stock Exchange (NSE) on the back of heavy volumes. In the past two trading sessions, the stock zoomed 40% from Rs 143 on March 24, 2017.

At 11:45 am; the stock was up 15% at Rs 197 as compared to 0.66% decline in the Nifty 50 index. The trading volumes on the counter jumped more than five-fold. A combined 2.77 million shares representing 17.74% of total equity of Star Paper Mills changed hands on BSE and NSE.

In last week,