Equity Alert: GTL Infra up 2%; reports say promoters to up stake
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K.Karthik Raja
Jun 11, 2008, 2:25:17 AM6/11/08
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Equity Alert: GTL Infra up 2%; reports say promoters to up stake
Equity Alert: GTL Infra up 2%; reports say promoters to up stake
Shares of GTL Infrastructure were up 2% at 43.90 rupees
onreports that the company's promoters may hike their stake
GTL promoters are likely to up their stake in GTL Infrastructure
to 68.29% from 43.29% now, and that an open offer could be made in the
next couple of months, The Economic Times reported quoting unnamed
sources.
Shares usually tend to move above the anticipated open offer
price and interest in GTL Infra shares will depend on the expected
open offer price.
GTL Infrastructure shares touched their day's high of 46.40 rupees
in early trade.
The share should find support at 43 rupees and resistance at 47
rupees.
On NSE, 739,508 shares were traded so far.
Equity Alert: GTL Infra up 2%; reports say promoters to up stake
Shares of GTL Infrastructure were up 2% at 43.90 rupees
onreports that the company's promoters may hike their stake
GTL promoters are likely to up their stake in GTL Infrastructure
to 68.29% from 43.29% now, and that an open offer could be made in the
next couple of months, The Economic Times reported quoting unnamed
sources.
Shares usually tend to move above the anticipated open offer
price and interest in GTL Infra shares will depend on the expected
open offer price.
GTL Infrastructure shares touched their day's high of 46.40 rupees
in early trade.
The share should find support at 43 rupees and resistance at 47
rupees.
On NSE, 739,508 shares were traded so far.
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