Essar Oil soars on Kenyan deal buzz

Essar Oil shares rose 8.43 per cent to 129.9 on reports that the company is closing in on a deal to acquire a 50 per cent stake in Kenya Petroleum Refinery (KPRL) and is in discussions with the Kenyan government to this effect.

The stock made an intraday high of Rs 136 and a low of Rs 112.25 with trading volumes of 14.8 million shares. The scrip gained 107 per cent in the last one month.