Varun Ind Madagascar arm in MoU with PSU; stock up 5.5%

Varun Industries touched a 52-week high of Rs 262.90. At 11:50 hrs the share was quoting at Rs 259.35, up Rs 13.60, or 5.53%.

The company's Madagascar arm is in MoU with PSU under atomic energy department. The company will sell 0.5 mtpa rare earth to PSU in 8-10 months, reports CNBC-TV18.
 
It was trading with volumes of 1,132,869 shares, compared to its 5-day average of 543,954 shares, an increase of 108.27%.
 
In the previous trading session, the share closed up 3.93% or Rs 9.30 at Rs 245.75.

Share Price Movement During The Last 12 Months
Period	Price	Latest Price	Gain/Loss (Rs.)	% Gain/Loss
3-Days	239.90	259.35	19.45	8.11
5-Days	207.05	259.35	52.30	25.26
7-Days	204.25	259.35	55.10	26.98
15-Days	229.95	259.35	29.40	12.79
1-Month	171.80	259.35	87.55	50.96
3-Month	231.00	259.35	28.35	12.27
6-Month	213.00	259.35	46.35	21.76
9-Month	227.70	259.35	31.65	13.90
1-Year	123.65	259.35	135.70	109.75