Vishal Retail Ltd., plans to merge Vishal Water World Pvt. into its business. Vishal Water Ltd. rose as much as 9.2% and traded at Rs83 as of 10:12 a.m. in Mumbai, after Vishal Retails statement to stock exchange.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.