Essar Oil soars on hopes of Shell refinery buy

The stock finally ended at Rs 135 after touching a high of Rs 136. The counter clocked volumes of 1.10 million shares on the BSE as compared to the the two-week daily average traded volumes of 1.17 million shares on the BSE.
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(Updated at 1034hrs)

The exclusive talks between Essar Oil and Royal Dutch Shell over the sale of three European refineries — Heide and Harburg in Germany and Stanlow in Britain has been extended.

The stock opened at Rs 133 and touched a high of Rs 135. The scrip is now trading at Rs 134, higher by 2% from its previous close. The counter has witnessed trades of 295,695 shares on the BSE as compared to the two-week daily average traded volumes of 1.12 million shares.

The capacities of the three units come to a total of 500,000 barrels a day.