Videocon Industries up 6%

The stock surged 6.3 per cent to Rs 234.90 after a consortium of the company discovered more crude oil in Brazil’s offshore Campos basin. The discovery was made during drilling of Wahoo-2 appraisal-cum-exploration well in Block BM-C-30.

Anadarko Petroleum Corp is the operator of the block with 30 per cent interest. IBV Brazil Petroleo, a joint venture between Bharat PetroResources and Videocon, holds 25 per cent interest in the block.