Helios and Matheson Information Technology rose 2.58% to Rs 89.40 at 12:16 IST on BSE after the company said its board of directors will meet on 25 July 2014, to consider raising of long term funds.
The announcement was made after market hours on Monday, 21 July 2014.
Meanwhile, the S&P BSE Sensex was up 199.63 points or 0.76% at 25,914.80.
On BSE, so far 91,000 shares were traded in the counter as against average daily volume of 61,028 shares over the past one quarter.
The stock hit a high of Rs 92 and a low of Rs 88 so far during the day. The stock had hit a 52-week high of Rs 135 on 11 February 2014. The stock had hit a 52-week low of Rs 57.25 on 6 August 2013.
The stock had outperformed the market over the past one month till 21 July 2014, surging 5.83% compared with Sensex's 2.43% rise. The scrip had, however, underperformed the market over the past one quarter, sliding 4.13% as against Sensex's 12.96% rise.
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The company has equity capital of Rs 26.41 crore. Face value per share is Rs 10.
Helios and Matheson Information Technology said that its board of directors will meet on 25 July 2014, to consider raising of long term funds through issue of FCCBs, GDRs and issue of equity related securities to qualified institutional buyers.
Helios and Matheson Information Technology's consolidated net profit rose 2.88% to Rs 16.40 crore on 1.84% growth in net sales to Rs 203.46 crore in Q2 March 2014 over Q1 December 2013.
Helios and Matheson Information Technology's services span the entire software services cycle from application development and integration to application life cycle management.
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