New Delhi, May 20 -- Glottis shares surged 20% in Wednesday's trade, May 20, hitting a six-month high of Rs.72.30 apiece. The rally also marked the stock's biggest single-day gain since ealry April.

Although there were no major fundamental triggers behind the sharp rise in Glottis's share price, trading volumes witnessed a significant spike, with nearly 66 million shares changing hands on the NSE and BSE as of 3:00 PM. This was nearly 35 times higher than the stock's average weekly trading volume, according to Trendlyne data.

The rally also came ahead of the company's March quarter results, which are scheduled to be announced on Monday, May 25.

"The meeting of the Board of Directors of the Company is scheduled to be held on Monday, May...