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Jubilant Industries hits new high; stock soars over 50% in three weeks

The stock moved higher to its record high of Rs 378, up 12% on the BSE on back of heavy volumes.

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SI Reporter Mumbai
Jubilant Industries has moved higher to its record high of Rs 378, up 12% on the BSE on back of heavy volumes.

In past three weeks, the stock of Agrochemicals Company has surged 53% from Rs 247 on December 26, 2016, as compared to 5.5% rise in the S&P BSE Sensex. In past six-months, the stock zoomed 126% against 2% decline in the benchmark index.

The trading volumes on the counter jumped more than five-fold with a combined 1.25 million shares changed hands on the BSE and NSE so far.

“The Exchange has sought clarification from Jubilant