Videocon Industries Breaches Upper Circuit On Block Deal

In two block deals, 55.9 lakh shares of Videocon Industries traded at Rs 19.70 per share and Rs 19.85 per share during the early hour of Thursday’s session.

Videocon Industries breached upper circuit at Rs 19.85. The stock witnessed a spurt in the volume by more than 3.03 times.

The stock has underperformed both BSE Small-cap and BSE Consumer Durables over a period of one year. Its peers include BPL and PGL Electroplast.

On the BSE, 25,33,195 shares were traded on the counter so far. The market capitalisation of the company was at Rs 663.98 crore.

Videocon Industries Limited is engaged in the manufacture, and wholesale and retail trade of consumer electronics and home appliances items. Its segments include consumer electronics and home appliances; crude oil and natural gas; telecommunications; power, and others.

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