/ Vedanta & Cairn Surge Over 3% NCLT Approves Merger ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 23 March 2017


Mining conglomerate, Vedanta Ltd., and Cairn India are surging high, as the quasi-judicial body, National Company Law Tribunal has approved a scheme of arrangement between Vedanta Ltd., and Cairn India.

Vedanta is trading up by 3.05% or Rs 7.95 per share and Cairn India is trading up by 4.17% or Rs 12.15 per share on BSE. Vedanta Ltd.'s stock has outperformed the BSE Sensex and BSE Metal index on a yearly basis.

Cairn India's stock has outperformed the BSE Sensex and BSE Oil & Gas index over the same time period. BSE Metal index is trading up by 101 points or 0.86% at 11804 levels. BSE Oil & Gas index is also trading up by over 141 points or 1.06% at 13414 levels. There are 1114 advances, 480 declines and 329 unchanged stocks on NSE, indicating strong positivity floating in the market.

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