Gujarat Flurochemicals spurted to a high of Rs. 798 in opening trades on hopes of some windfall gains from the Inox IPO.
According to a release issued by the company to the BSE, Inox Wind has filed the Red Herring Prospectus for the Initial Public Offer (IPO). Gujarat Flurochemicals holds up to 75 per cent stake in Inox Wind.
At 10:21 AM, the stock were trading up 1% at Rs. 773. The stock has hit a high of Rs.798 and a low of Rs.770 on BSE. Total traded quantity on the counter stood at over 0.18 lk shares on BSE.
Meanwhile, the Sensex has gained 67 points at 28,777.