Videocon Inds surges 7% on talks to sell stake in Mozambique - The New Indian Express

Videocon Inds surges 7% on talks to sell stake in Mozambique

Published: 21st February 2013 11:18 AM

Last Updated: 21st February 2013 11:18 AM

Videocon Industries, India-based electronics goods manufacturing company, climbed on Thursday after media reports quoted that Oil and Natural Gas Corporation (ONGC) is in talks to buy Videocon's 10% stake in a giant gas field off Mozambique.

The company plans to ship the fuel in its liquid form (LNG) to a proposed LNG terminal at Mangalore, reports added. Shares ofthe companyare trading at Rs 205.70, up Rs 13.45, or 7% at the Bombay Stock Exchange (BSE) on Thursday at 9:43 a.m.The scrip has touched an intra-day high of Rs 226.95 and low of Rs 196.10. The total volume of shares traded at the BSE is 135,003.In the earlier session, the shares fell 0.65%, or Rs 1.25, at Rs 192.25. Currently, the stock is trading down 16.47% from its 52-week high of Rs 246.25 and above 27.68% over the 52-week low of Rs 161.10.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 183.00 9.25 5.05 1 Month 217.10 (24.85) (11.45) 3 Months 169.40 22.85 13.49 6 Months 174.75 17.50 10.01 1 Year 175.15 17.10 9.76 Note: Based on previous day closing price.

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