The stock touched a high of Rs 215, up 12% from its previous close. The scrip finally settled at Rs 203, up 5.6%.

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The counter clocked hefty volumes of 22.24 million shares as compared to its two-week daily average traded volumes of 3.8 million.
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Updated at 1046 Hrs:

Sesa Goa has surged 7% on acquiring the Dempo group's mining business in Goa.

The stock opened up 3.5% at Rs 199. It soon surged 7% to a high of Rs 206. The stock is currently trading 6% higher at Rs 204. The counter has clocked heavy volumes of 3.98 million shares so far on the BSE.

The company has acquired a Goa-based iron ore mining company- Dempo Mining Corporation for Rs 1,750 crore. Dempo Ming has iron ore reserves of around 50 million tonnes and produces and exports 3-4 million tonnes of iron ore.

Other Stories      - Sensex makes remarkable recovery, regains 17K - L N Mittal doubles his stake in Ophir Energy - Indian handicraft firms to participate in Munich fair - Microsoft eyes Indian smartphone mkt - RIL Hazira unit bags 'Excellent Energy Efficient Unit Award' More

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