Essel Propack soars 13% on heavy volume; stock nears record high of Rs 319

The company's focus on 'capital efficient consistent earnings growth' would help improve the return ratios going forward, analysts believe

Shares of Essel Propack (EPL) zoomed 13 per cent to Rs 305, in intra-day trade, on the BSE on Tuesday on the back of heavy volumes as expectations grew that the company may post strong growth in Europe and China.

The stock is trading close to its record high of Rs 319 touched on August 21, 2020. The counter has seen huge trading volumes with a combined around 379,000 equity shares changing hands on the NSE and BSE till the time of writing of this report.

At 11:30 am, it was quoting at Rs 299, up 11 per cent, as against 0.57