Meanwhile, the S&P BSE Sensex was up 367.36 points or 1.13% at 32,974.70.

On BSE, so far 25,000 shares were traded in the counter as against average daily volume of 22,000 shares in the past two weeks. The stock had hit a high of Rs 309.45 in intraday trade, a record high for the stock. The stock had hit a low of Rs 282.90 so far during the day. The stock hit a record low of Rs 84.10 on 22 August 2017.

The large-cap company has equity capital of Rs 634.51 crore. Face value per share is Rs 10.

Shares of KIOCL had gained 39.66% in six trading sessions to settle at Rs 297.75 yesterday, 24 October 2017 from its close of Rs 213.20 on 13 October 2017.

KIOCL's net profit fell 3.45% to Rs 6.16 crore on 568.01% surge in net sales to Rs 277.69 crore in Q1 June 2017 over Q1 June 2016.

KIOCL, a flagship company under the Ministry of Steel, Government of India, with Mini Ratna status is an export oriented unit having expertise in iron ore mining, filtration technology and production of high quality pellets.