KS Oils gains on stake sale talk

Some reports suggest that the world's largest commodities trader Glencore International could be eyeing the company whose valuation tumbled recently amid concerns over pledging of shares by promoters.

While the stock had plunged nearly 90% from its 52-week high, there has been some recovery in the past few weeks which, believe brokers, prompted day traders to turn active in the stock. The counter also attracted some delivery-based buying.