Explained 5 stock movements today

Explained 5 stock movements today Zee Research Group

New Delhi: Gulf Oil India soared after completing acquisition of US based company: Stock gained 2.5 percent after company announced that it has completed acquisition of 100 percent stake in Houghton International.

Adani Enterprises edged higher as OFS got overwhelming response: Scrip gained nearly a percent after OFS (offer for sale) of the company for 2.09 percent promoter’s stake got fully subscribed.

Indo Tech Transformers tumbled after delisting offer came at discount: Share plunged 5 percent after company announced delisting offer at an indicative exit price of Rs 120 per share which is at a discount to yesterday’s closing price.

PVR rallied after L&T Finance acquired stake: Counter gained 2.57 percent after press reports suggested that L&T Finance has acquired 11.42 percent stake in PVR. However, PVR stated that all such statements are totally incorrect.

Cairn India slipped on possibility of downward revision of production guidance: Stock declined 2.5 percent after reports indicated that company might lower production guidance in mid-January.