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

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

Varun Industries 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 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%.

July 22, 2011 / 11:56 IST
Story continues below Advertisement

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
PeriodPriceLatest PriceGain/Loss (Rs.)% Gain/Loss
3-Days239.90259.3519.458.11
5-Days207.05259.3552.3025.26
7-Days204.25259.3555.1026.98
15-Days229.95259.3529.4012.79
1-Month171.80259.3587.5550.96
3-Month231.00259.3528.3512.27
6-Month213.00259.3546.3521.76
9-Month227.70259.3531.6513.90
1-Year123.65259.35135.70109.75
Story continues below Advertisement
first published: Jul 22, 2011 11:52 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!