India, April 20 -- Shares of contract manufacturing company Aequs surged as much as 13.51% during the intraday trading today, hitting a 52-week high of Rs.193.65 on the BSE.

The stock later pared some gains and was trading 11% higher at Rs.189.25 at 12:20 IST, with the company's market capitalisation at Rs.12,683.63 Cr (about $1.4 Bn).

In the broader market, the BSE Sensex rose 0.57% to hit an intraday high of 78,942.45, while the Nifty 50 gained 0.49% to touch 24,473.25, supported by strong corporate earnings, dip-buying in key sectors and hopes of renewed US-Iran peace talks.

Aequs saw strong buying over the last six trading sessions, climbing from Rs.125.15 at the close on April 9 to Rs.170.60 on April 17 (Friday), marking a gain of...