Essar Oil announces increase in gas reserves; stock up

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Essar Oil announces increase in gas reserves; stock up

Essar Oil announces increase in gas reserves and resources at Raniganj CBM Block, reports CNBC-TV18.

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Essar Oil announces increase in gas reserves and resources at Raniganj CBM Block, reports CNBC-TV18.
 
The share touched an intraday high of Rs 55.75 and an intraday low of Rs 54. At 09:32 hrs the share was quoting at Rs 55.45, up Rs 1.90, or 3.55%.
 
It was trading with volumes of 273,047 shares. In the previous trading session, the share closed up 3.08% or Rs 1.60 at Rs 53.55.

The company's trailing 12-month (TTM) EPS was at Rs 4.79 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 11.58. The latest book value of the company is Rs 47.75 per share. At current value, the price-to-book value of the company was 1.16.