Digjam jumped 7.21% to Rs 8.48 at 12:30 IST on BSE after the company said it has allotted 5 lakh, 8% non-convertible redeemable preference shares of Rs 100 each for cash at par for an aggregate sum of Rs 5 crore.
The announcement was made during market hours today, 27 March 2015.
Meanwhile, the S&P BSE Sensex was down 90.70 points or 0.33% at 27,366.88.
On BSE, so far 3.46 lakh shares were traded in the counter as against average daily volume of 91,763 shares in the past one quarter.
The stock hit a high of Rs 9.19 and a low of Rs 7.95 so far during the day. The stock had hit a 52-week high of Rs 12.84 on 23 September 2014. The stock had hit a 52-week low of Rs 4.69 on 9 April 2014.
The stock had underperformed the market over the past one month till 26 March 2015, sliding 9.7% compared with the Sensex's 4.48% fall. The scrip had also underperformed the market in past one quarter, declining 9.18% as against Sensex's 0.79% rise.
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Digjam reported a net loss of Rs 3.22 crore in Q3 December 2014 compared with net profit of Rs 1.07 crore in Q3 December 2013. Net sales rose 0.5% to Rs 38.24 crore in Q3 December 2014 over Q3 December 2013.
Digjam is an India-based textile company. The company is engaged in manufacturing of fabrics for suiting and casual wear.
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