Explained 5 stock movements today
PVR shone after acquiring Cinemax India: Stock touched 52 week high levels of Rs 306.5 on the back of this development.
Rohit Ferro Tech shone after preferential allotment: Stock gained 3.84 percent after company allotted 3.35cr shares at Rs 60 each on preferential basis at a huge premium.
Ranbaxy slipped after halting generic Lipitor production: Stock slid 1.76 percent. Company has stopped production of generic Lipitor post a recall.
Lanco Infra rallied on hopes of fuel price revision: Stock gained nearly 5 percent after news report suggested that company's griffin coal project in Australia is likely to gain about Rs 870 crore following the revision of fuel supply prices with Bluewaters Power Station.
REC edged higher on fund raising plans: Stock gained nearly a percent as company announced to raise Rs 4500 crore via bond issue.