New Delhi, Oct. 13 -- India Glycols shares surged almost 14% intraday on the BSE on Tuesday, 13 October, looking set to snap their three-day losing run. India Glycols share price opened at Rs.323.35 against its previous close of Rs.319.65 and jumped 13.8% to hit an intraday high of Rs.363.90.

While there is no latest update from the company that could drive the stock price higher, the gains in the stock are driven by a surge in volume. On Tuesday, the stock witnessed a spurt of over 7.73 times in volume.

The sharp jump in volume appears to be driven by speculations that the company may soon announce the listing dates of its two demerged entities- IGL Spirits Limited and Ennature Bio Pharma Limited.

On 8 October, the BSE sought clarific...