Explained 5 stock movements today
Gujarat Gas tumbled after GSPC acquired BG’s stake: Stock plunged 8.5 per cent after GSPC acquired BG’s 65 per cent stake in the company at Rs. 294.5/ share.
BPCL rallied after rupee appreciated further : Stock gained over 3 per cent after rupee breached levels of 52 and crude cooled down below 89 dollars per barrel.
Mphasis tumbled after parent guided for weak earnings in 2013 : Stock lost 4 per cent as company receives major revenues from HP.
ITC edged higher after hiking cigarette prices : Counter gained nearly 2 per cent on the back of this news.
Sun Pharma hit record highs : Scrip touched 52 week high levels of Rs. 706 and closed at Rs. 698.4.