Indo Gulf Sees Huge Volumes

Stocks of Indo Gulf Corporation witnessed huge volumes on Monday, and figured as the third-largest stock on the BSE.

Up to 24.87 lakh shares of the company changed hands on the BSE, where the scrip closed 0.09 per cent lower at Rs 52.75.

Between November 28, 2002, and February 7, 2003, the scrip rose 16 per cent to Rs 52.80 from Rs 45.55. According to market watchers, the low valuation of the scrip is prompting the buying.

As per market talk, Enam Securities was an active buyer of the diversified company