Unity Infraprojects jumped 7.11% to Rs 21.85 at 10:04 IST on BSE after the company said its board has approved referring to corporate debt restructuring cell of Reserve Bank of India.
The company made the announcement after market hours on Tuesday, 25 March 2014.
Meanwhile, the BSE Sensex was up 69.99 points, or 0.32%, to 22,125.20.
On BSE, so far 83,000 shares were traded in the counter, compared with an average volume of 22,228 shares in the past one quarter.
The stock hit a high of Rs 22.45 and a low of Rs 21.50 so far during the day. The stock hit a 52-week high of Rs 35 on 17 May 2013. The stock hit a 52-week low of Rs 16.10 on 7 August 2013.
The stock had underperformed the market over the past one month till 25 March 2014, rising 5.43% compared with the Sensex's 5.77% rise. The scrip had also underperformed the market in past one quarter, falling 19.37% as against Sensex's 4.86% rise.
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The small-cap company has an equity capital of Rs 14.82 crore. Face value per share is Rs 2.
Unity Infraprojects announced that its board at a special meeting held on 25 March 2014, approved the company to refer to corporate debt restructuring (CDR) cell of Reserve Bank of India (RBI) under CDR system.
Unity Infraprojects' net profit fell 92.7% to Rs 2.06 crore on 5.9% decline in net sales to Rs 518.36 crore in Q3 December 2013 over Q3 December 2012.
Unity Infraprojects is specialized in civil construction, transportation engineering and water supply/irrigation sectors projects.
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