Videocon gains on new discovery in Sergipe-Alagoas basin - The New Indian Express

Videocon gains on new discovery in Sergipe-Alagoas basin

Published: 11th December 2012 11:18 AM

Last Updated: 11th December 2012 11:18 AM

Videocon Industries gained on Tuesday after it announced that Petrolea Brasileiro SA (Pertrobras), the operator of SEAL-M-349 block in BM-SEAL-11 concession, Brasil said that it has discovered the light hydrocarbons in the concession, located in ultra deep waters of Sergipe Algoas Basin.

The discovery was made during drilling of well 1-SES-166 informally known as 'Cumbe', situated in a water depth of 2313 m, located 109 km from the city of Aracaju. Shares ofthe companyare trading at Rs 238.80, up Rs 6.35, or 2.73% at the Bombay Stock Exchange (BSE) on Tuesday at 10:03 a.m.The scrip has touched an intra-day high of Rs 242 and low of Rs 232.30. The total volume of shares traded at the BSE is 173,795.In the earlier session, the shares climbed 0.26%, or Rs 0.59, at Rs 232.45. Currently, the stock is trading down 3.03% from its 52-week high of Rs 246.25 and above 48.23% over the 52-week low of Rs 161.10.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 231.10 1.35 0.58 1 Month 169.60 62.85 37.06 3 Months 179.00 53.45 29.86 6 Months 173.10 59.35 34.29 1 Year 172.25 60.20 34.95 Note: Based on previous day closing price.

Disclaimer: We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the NIE editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.


Recent Activity

Pinterest Google Plus Twitter Facebook tumblr RSS Mobile Site apple Newshunt