Videocon Inds gains on new hydrocarbon discovery - The New Indian Express

Videocon Inds gains on new hydrocarbon discovery

Published: 12th October 2012 12:18 PM

Last Updated: 12th October 2012 12:18 PM

Videocon Industries (Videocon), an India-based electronics goods manufacturing company, gained on Friday after it has announced that Petrolea Brasileiro SA (Pertrobras), the operator of the BM-SEAL-11 concession, discovered the existence of light hydrocarbons in the concession BM-SEAL-11, in ultradeep water of the Sergipe-Alagoas basin Offshore.The discovery was made during drilling of well 1-BRSA-1083-SES (1-SES-167) informally known as "Farfan", situated in a water depth of 2720 m, located 109 km from the city of Aracaju. Shares of the companyare trading at Rs 175.45, up Rs 2.30, or 1.33% at the Bombay Stock Exchange (BSE) on Friday at 10:57 a.m.The scrip has touched an intra-day high of Rs 177.85 and low of Rs 173. The total volume of shares traded at the BSE is 6,621.In the earlier session, the shares rose 0.09%, or Rs 0.15, at Rs 173.15. Currently, the stock is trading down 10.82% from its 52-week high of Rs 196 and above 8.5% over the 52-week low of Rs 161.10.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 175.90 (2.75) (1.56) 1 Month 179.00 (5.85) (3.27) 3 Months 173.60 (0.45) (0.26) 6 Months 170.65 2.50 1.46 1 Year 176.50 (3.35) (1.90) Note: Based on previous day closing price.

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