Alstom India jumps over 6%
By
Research Desk
about 11 years ago
Alstom India is up currently around 6% at Rs.418, with an intra day high at Rs.430, with volumes spiking up over 3 times.
The stock is up on unconfirmed news that General Electric is interested in buying out the French company Alstom. According to rumours, GE is in talks to buy Alstom for about $13 billion. Talks of acquisitions and buy outs seem to be the flavor of the season, mainly in the pharma sector. Maybe this deal will spur some consolidation in the capital goods sector too.