Swan Energy hits lifetime high after NCLT nod to acquire Reliance Naval

Once RNAVAL is acquired, the company will have a new and robust sector at its behest, the company's management said

Shares of Swan Energy rallied 8 per cent on the BSE to hit a lifetime high of Rs 339 in Tuesday’s intra-day trade on the back of heavy volumes. The stock surpassed its previous high of Rs 337 touched on May 4, 2022.

At 02:21 PM; it was quoting 7 per cent higher at Rs 336 as compared to a 0.18 per cent rise in the S&P BSE Sensex. The average trading volumes on the counter jumped over three-fold today. A combined 3.36 million shares had changed hands on the NSE and BSE.

In the past three days,