IL&FS Engineering and Construction Company jumped 12.02% to Rs 68.50 at 09:39 IST on BSE after the company scheduled a board meeting to consider additional fund raising options.
The announcement was made after market hours yesterday, 18 November 2014.
Meanwhile, the S&P BSE Sensex was up 47.20 points or 0.17% at 28,210.49
On BSE, so far 42,369 shares were traded in the counter as against average daily volume of 17,000 shares in the past two quarters.
The stock hit a high of Rs 72 and a low of Rs 62.25 so far during the day. The stock had hit a 52-week high of Rs 76.10 on 21 May 2014. The stock had hit a 52-week low of Rs 31 on 20 December 2013.
The small-cap company has equity capital of Rs 89.86 crore. Face value per share is Rs 10.
IL&FS Engineering and Construction Company scheduled a meeting of the Board of Directors of the company on 28 November 2014, to consider additional fund raising options for the company.
IL&FS Engineering and Construction Company reported net loss of Rs 37.89 crore in Q2 September 2014, lower than net loss of Rs 53.25 crore in Q2 September 2013. Net sales rose 22.7% to Rs 556.27 crore in Q2 September 2014 over Q2 September 2013.
IL&FS Engineering and Construction Company is an infrastructure development, construction and project management company.
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