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Explained: 5 stock movements today

Last Updated: Friday, September 7, 2012 - 18:39

Rohit Joshi/ZRG

-Cairn India edged higher after Bank of America Merrill Lynch (BOAML) has added it to its model portfolio: Counter gained nearly 2 percent on the back of this news.

-Provogue rocked on the buzz of stake hike by Marc Faber: Stock gained 9 percent after reports suggested that Marc Farber might increase his stake to 10 percent through preferential allotment.

-Viceroy Hotels shoned after upward revision in circuit limits: Share gained 13 per cent after BSE revised the circuit limits for the stock from 10 per cent to 20 percent.

-Mercator Lines soared post stake sale buzz: Scrip gained 10 per cent after reports suggested that company is planning to sell 12-15 percent stake in China Ocean Shipping Company.

-NMDC rallied on disinvestment plans: Stock gained more than 2 percent as government plans to sell 10 percent stake in the company.

First Published: Friday, September 7, 2012 - 18:39
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