Money Tree

As per a recent news Videocon is all set to acquire Daewoo Electronics for around Rs. 500 crores. This acquisition will strengthen the position of videocon on international frontiers in U.S., Europe and Japan.

This news should have a positive impact on the stocks of Videocon group, especially on Videocon Appliances. Yesterday it closed at around Rs. 30. After this news the stock should zoom in next few days.