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Market talk that KS Oils is at an advanced level of negotiation for an acquisition has been driving interest in the company's stock. The stock has seen a 70 per cent jump month-on-month and a 24 per cent gain week-on-week. While the management has in the past indicated its desire to pursue inorganic growth opportunities, the run up in the stock price as been attributed to the deal being almost finalised.

Meanwhile, KS Oils has reported very good third quarter results with profits growing by 81.8 per cent sequentially.

The company recently acquired a unit in Jodhpur, subsequent to which it has established itself as the largest crusher in the country. The stock ended at Rs 349.20, up 4.83 per cent on the BSE.

Deeptha Rajkumar

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