Moser Baer climbs on VCD plans

The company is reportedly in talks with all electronic majors including Philips, LG, Samsung and MIRC Electronics to jointly collaborate and launch low-end VCD and DVD players, priced around Rs 1,000 and Rs 1500, respectively.

MUMBAI: Shares of optical storage media maker Moser Baer (India) climbed 2.62 per cent to Rs 303.95 on reports that the company plans to launch low-end VCD and DVD players.

The company is reportedly in talks with all electronic majors including Philips, LG, Samsung and MIRC Electronics to jointly collaborate and launch low-end VCD and DVD players, priced around Rs 1,000 and Rs 1500, respectively.
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