Hotel Leela Venture rose 2.56% to Rs 18 at 14:27 IST on BSE after the company said its board approved issuing 125 crore shares to JM Financial Asset Reconstruction Company on conversion of debt.
The announcement was made after market hours yesterday, 11 June 2018.Meanwhile, the S&P BSE Sensex was up 189.46 points, or 0.53% to 35,672.93.
On the BSE, 2.59 lakh shares were traded in the counter so far compared with average daily volumes of 99,000 shares in the past two weeks. The stock had hit a high of Rs 18.35 and a low of Rs 17.70 so far during the day. The stock hit a 52-week high of Rs 25.40 on 5 September 2017. The stock hit a 52-week low of Rs 16.50 on 23 March 2018.
Hotel Leela Venture reported net loss of Rs 15.80 crore in Q4 March 2018 as against net profit of Rs 52.14 crore in Q4 March 2017. Net sales rose 5.10% to Rs 206.44 crore in Q4 March 2018 over Q4 March 2017.
The Leela Palaces, Hotels and Resorts is owned and managed by Hotel Leela Venture.
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