Lactose (India) hit an upper circuit limit of 5% at Rs 28.10 at 13:05 IST on BSE after the company said its board will meet on 2 July 2015, to consider issuing convertible warrants on a preferential basis.
The announcement was made during trading hours yesterday, 25 June 2015.
Meanwhile, the BSE Sensex was down 83.80 points, or 0.30%, to 27,812.17.
On BSE, so far 400 shares were traded in the counter, compared with an average volume of 2,203 shares in the past one quarter.
The stock hit a high of Rs 28.10 and a low of Rs 28.05 so far during the day. The stock hit a 52-week high of Rs 40.45 on 13 November 2014. The stock hit a 52-week low of Rs 13.55 on 24 July 2014.
The stock had underperformed the market over the past one month till 24 June 2015, falling 24.61% compared with 0.81% fall in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 4.11% as against Sensex's 1.53% fall.
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The small-cap company has an equity capital of Rs 8.42 crore. Face value per share is Rs 10.
Lactose (India) reported net loss of Rs 0.10 crore in Q4 March 2015 as against net loss of Rs 0.38 crore in Q4 March 2014. Net sales declined 10.22% to Rs 6.68 crore in Q4 March 2015 over Q4 March 2014.
Lactose (India) makes Lactose Monohydrate IP/BP/USP Grades.
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