Shares of India Glycols (IGL) surged 11 per cent to Rs 780.70 on the BSE in Tuesday’s intra-day trade on the back of heavy volumes after the company won an ethanol supply order of Rs 1,164 crore from state-owned OMCs and oil companies.
The average trading volumes on the counter jumped over 10-fold today. A combined 1.3 million equity shares had changed hands on the NSE and BSE. The stock of the commodity chemicals firm had hit a 52-week high of Rs 802.65 on September 11, 2023.
