Swaraj Mazda shares increased 16.2 per cent to close the day at Rs 122.3 on the announcement that the company would issue rights to its shareholders. The board will be meeting on March 19, 2009 to consider the issue of equity shares on rights basis.
The stock made an intraday high of Rs 123.3 and a low of Rs 110 with trading volumes of 4,094 shares. The scrip made a 52-week high of Rs 360 (April 17, 2008) and a low of Rs 102 (March 02, 2009). However, the stock lost 12.64 per cent in the last one month.