Gandhar Oil Refinery shares zoom 17% on strong volumes amid US-Venezuela tensions
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Shares of Gandhar Oil Refinery (India) soared 17% to hit an intraday high of Rs 177.60 on the BSE on Monday, driven by heavy trade volumes and potentially due to the rising geopolitical tensions involving the US and Venezuela, a country with significant oil reserves. The stock was trading at Rs 173.50 around 1 pm, up 14.26% from its previous close of Rs 151.85. The surge in price was accompanied by a sharp spike in trading volumes, with over 21 lakh shares changing hands compared to the two-week average of just 20,000 shares. The turnover stood at Rs 36.5 crore, highlighting heightened investor interest in the counter. The stock traded firmly within its price band of Rs 121.50 to Rs 182.20 for the day and remains comfortably above its 52-week low of Rs 120.60, though still below its 52-week high of Rs 222.80. The company’s market capitalisation stood at Rs 1,698 crore. Live Events Gandhar Oil Refinery, incorporated in 1992, is a key playe...