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Walchandnagar Industries has surged 12% to 224, extending its previous day’s rally 18% surge on BSE, after GK Pillai, Managing Director and CEO of the company said that the company is in the process of reviving the discussion with Russian Company AEM for Nuclear business opportunity.
The stock is currently trading at its 52-week high and rallied 30% in past two trading sessions from Rs 169 on January 1, 2015.
The trading volumes on the counter more than doubled with a combined 4.43 million shares changed hands till 1049 hours on NSE and BSE.
As regards the joint venture with Russian Company AEM for Nuclear business opportunity, GK Pillai has mentioned in the interview that the company had a tie up with the AEM in the past, Walchandnagar Industries said in a statement on the clarification on new items appearing in the CNBC TV-18.
However, the talks could not be taken further due to various reasons. However, now the company is in the process of reviving the discussion with AEM, it added.
The company said, the view expressed by Mr. G. K. Pillai, Managing Director & C.E.O. reflects the strategic thinking of Walchandnagar Industries regarding its way ahead.
The stock is currently trading at its 52-week high and rallied 30% in past two trading sessions from Rs 169 on January 1, 2015.
The trading volumes on the counter more than doubled with a combined 4.43 million shares changed hands till 1049 hours on NSE and BSE.
As regards the joint venture with Russian Company AEM for Nuclear business opportunity, GK Pillai has mentioned in the interview that the company had a tie up with the AEM in the past, Walchandnagar Industries said in a statement on the clarification on new items appearing in the CNBC TV-18.
However, the talks could not be taken further due to various reasons. However, now the company is in the process of reviving the discussion with AEM, it added.
The company said, the view expressed by Mr. G. K. Pillai, Managing Director & C.E.O. reflects the strategic thinking of Walchandnagar Industries regarding its way ahead.
