Share price of Eros International jumped 10 percent in morning trade on Monday, April 20.
The share price was quoting at Rs 16.35, up Rs 1.48, or 9.95 percent on Monday. The stock price of the company has been surging 91 percent in the last 15 days. There were pending buy orders of 242,988 shares on Monday, with no sellers available.
The merger with Hollywood's STX Entertainment to create an equally-held global entertainment company is the reason for the spike in share price.