Godrej Industries hots up on QIP plans

DALAL STREET SPIKES

Godrej Industries shot up by 2.27 per cent to Rs 259, after the company said its board has approved a fund raising plan of 600 crore via qualified institutional placement.

The stock opened at Rs 260 and hit a high of Rs 265 and a low of Rs 243 during the day's trading. A total of 2,46,479 shares were traded on the Bombay Stock Exchange. The stock has risen 45 per cent since the last month.