Gujarat State Petronet (GSPL) turned heads in the market today, with the stock surging more than 8% by late morning. The rally came on heavy trading interest, as nearly 1.2 crore shares had already changed hands by around 11:36 AM, signalling strong participation from both retail and institutional players.
The stock opened at ₹291.10, almost flat compared to yesterday’s close, but quickly gathered momentum and climbed to an intraday high of ₹316.50. Even though it touched a low of ₹291.10 earlier in the session, buyers remained firmly in control. For context, GSPL is still trading comfortably above its 52-week low of ₹261.45, though it has some ground to cover before retesting its 52-week high of ₹394.80.
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