Borosil Renewables rallies 13% to hit new high; stock zooms 60% in 8 days

The company said the funds raised through QIP last week will help to undertake planned expansion

Shares of Borosil Renewables (BRL) rallied 13 per cent to hit a new high of Rs 211 on the BSE in Wednesday's intra-day trade on the back of heavy volumes on strong growth outlook. In the past eight trading days, the stock has zoomed 60 per cent, as compared to a 0.25 per cent rise in the S&P BSE Sensex.

At 11:11 am, BRL was trading 12 per cent higher at Rs 208, against a 0.42 per cent gain in the benchmark index. The trading volumes on the counter rose 1.5 times with a combined 2.5 million equity shares changing