Gujarat Flurochemicals, which closed yesterday at Rs.272, opened today at Rs.275, its intra day low point and soon zoomed up to Rs.287. It currently remains around the same higher levels.

The stock is up on unconfirmed news that the company plans to list its  wind subsidiary, Inox Wind by FY14. The company is likely to raise around Rs.800 crore via the IPO. Inox Winds contributes around 30% to the revenues of Gujarat Flurochemicals.