Essar Oil, one of the leading player in energy sector and a subsidiary of Essar Energy plc, jumped on Wednesday after it profit rose 5.04 times to Rs 10,080 million from Rs 2,000 million in the same quarter last year.
Net sales for the quarter rose 6.87% to Rs 252,740.00 million, compared with Rs 236,500 million for the prior year period.
Shares of the company are trading at Rs 89.50, up Rs 11.9, or 15.34% at the Bombay Stock Exchange (BSE) on Wednesday at 9:36 a.m.
The scrip has touched an intra-day high of Rs 92.15 and low of Rs 85.20. The total volume of shares traded at the BSE is 1,248,447.
In the earlier session, the shares climbed 0.91%, or Rs 0.69, at Rs 77.60. Currently, the stock is trading all time 52-week high, which is above 101.12% over the 52-week low of Rs 44.50.