Fiberweb India jumped 6.27% to Rs 183.05 at 14:20 IST on BSE after the company said its board of directors will meet on 19 January 2017, to finalize raising of funds of Rs 100 crore for expansion.
The announcement was made during market hours today, 11 January 2017.Meanwhile, the S&P BSE Sensex was up 246.42 points or 0.88% at 27,136.69.
On the BSE, 41,790 shares were traded in the counter so far as against average daily volume of 72,568 shares in the past one quarter. The stock had hit a high of Rs 184.15 and a low of Rs 171 so far during the day. The stock had hit a record high of Rs 187.05 on 15 December 2016. The stock had hit a 52-week low of Rs 19.85 on 8 February 2016.
The stock had outperformed the market over the past one month till 10 January 2017, gaining 31.59% compared with the Sensex's 0.57% gains. The scrip had also outperformed the market in past one quarter, jumping 49.78% as against the Sensex's 4.21% fall.
The small-cap company has equity capital of Rs 12.60 crore. Face value per share is Rs 10.
Fiberweb India's net profit jumped 4583.3% to Rs 2.81 crore on 42.4% rise in net sales to Rs 22.06 crore in Q2 September 2016 over Q2 September 2015.
Fiberweb India manufactures high quality spun bond polypropylene non woven roll goods and products which can be used across different sectors,
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