EICL Ltd, earlier known as English India Clays Ltd is up at Rs.41.50, up 20%. The stock opened higher at this price and remains there. Volumes are big at almost 5000 shares compared to around 1400 shares over two week average.

The stock hit 20% on news that its board will meet on May 3 to decide on delisting proposal. It has received a letter from one of its promoters DBH International Pvt Ltd to delist the shares. Promoters stake currently stands at 77.92% and FIIs hold 5.95% stake.  The stock is a part of the new “illiquid stocks” list on the BSE.