FTSE 250 movers: Grainger rises on NAV increase

Residential property owner and manager Grainger, the country's largest, climbed after saying it registered a net asset value (NAV) increase of 12.4 per cent to reach 272p over the six months ending on March 31st. Grainger was also lifted by Numis, which upgraded the stock from 'add' to 'buy', with a target price of 278p. Vedanta Resources climbed on the back of Deutsche Bank's decision to raise its target price from 950p to 1,100p. Synergy Health has acquired Bioster Group, a specialised sterilisation facility operator in Europe, for 29m euros, which will be funded from existing debt facilities. Morgan Stanley downgraded Evraz to 'equalweight' from 'overweight', pushing the stock into the bottom spot. Kentz was another notable faller despite posting a fairly upbeat statement today, which Investec greeted with a reiteration of its 'buy' rating. The group said its performance this year so far had been in line with expectations and that it was "extremely pleased with the order intake to date". Car dealer Inchcape fell despite reporting a rise in revenue in the first four months of the year as demand for new and used vehicles grew. Group revenue came to £2.21bn, up 2.5% at actual currency rates and up 11.4% on constant currencies.Onshore Nigeria-focused independent oil explorer Heritage Oil slipped after it reported a drop in first quarter output due to an enforced shut-in at a third-party export terminal together with an under-lift which resulted in an inventory build-up. FTSE 250 - RisersImagination Technologies Group (IMG) 221.70p +5.32%Grainger (GRI) 223.00p +3.72%Vedanta Resources (VED) 985.50p +2.02%Bank of Georgia Holdings (BGEO) 2,400.00p +1.87%Countrywide (CWD) 550.00p +1.85%PZ Cussons (PZC) 365.10p +1.44%Renishaw (RSW) 1,675.00p +1.15%Genesis Emerging Markets Fund Ltd Ptg NPV (GSS) 523.00p +0.97%Genus (GNS) 1,065.00p +0.95%Barr (A.G.) (BAG) 616.50p +0.90%FTSE 250 - FallersEvraz (EVR) 95.85p -6.30%Booker Group (BOK) 143.70p -5.96%RPS Group (RPS) 271.80p -5.92%Pace (PIC) 339.20p -5.78%Interserve (IRV) 646.50p -5.34%African Barrick Gold (ABG) 211.60p -5.32%UDG Healthcare Public Limited Company (UDG) 327.00p -5.27%Aveva Group (AVV) 2,051.00p -5.13%Kentz Corporation Ltd. (KENZ) 655.50p -4.79%Victrex plc (VCT) 1,675.00p -4.67%NR Inchcape Evraz Grainger plc