Alphageo (India) rose 2.3% to Rs 530.10 at 9:30 IST on BSE after the company said its board of directors will meet on 13 October 2015, to consider issue of shares or warrants to promoter group and others on preferential allotment basis.
The company made the announcement after market hours yesterday, 6 October 2015.
Meanwhile, the S&P BSE Sensex was down 25.73 points or 0.1% at 26,958.61.
On BSE, so far 2,638 shares were traded in the counter as against average daily volume of 10,000 shares in the past two weeks.
The stock hit a high of Rs 540 and a low of Rs 520 so far during the day. The stock had hit a 52-week high of Rs 647.05 on 3 November 2014. The stock had hit a 52-week low of Rs 268 on 24 August 2015.
On a consolidated basis, Alphageo (India) reported a net loss of Rs 3.05 crore in Q1 June 2015 compared with net profit of Rs 10.86 crore in Q1 June 2014. Net sales dropped 87.7% to Rs 4.68 crore in Q1 June 2015 over Q1 June 2014.
Alphageo (India) is the largest onshore integrated seismic service provider in the private sector and enjoys a market leadership in seismic survey.
Powered by Capital Market - Live News
