Jyothy Laboratories rose 1.83% to Rs 192.10 at 9:58 IST on BSE after the company said it has allotted 1.5 crore equity shares, aggregating Rs 262.72 crore, to Sahyadri Agencies on preferential allotment basis.
The announcement was made after market hours on Tuesday, 3 December 2013.
Meanwhile, the S&P BSE Sensex was down 49.56 points or 0.24% at 20,805.36.
On BSE, 6,341 shares were traded in the counter as against average daily volume of 11,156 shares in the past two weeks.
The stock hit a high of Rs 193.75 and a low of Rs 190 so far during the day.
Jyothy Laboratories said that the preferential allotment committee of the board of directors of the company at its meeting held on Tuesday, 3 December 2013, has allotted 1.5 crore equity shares of the company to Sahyadri Agencies on preferential basis at Rs 175.15 per share against receipt of entire amount payable by Sahyadri Agencies in cash aggregating to Rs 262.72 crore.
Jyothy Laboratories' net profit spurted 1481.1% to Rs 20.87 crore on 33.1% growth in net sales to Rs 305.92 crore in Q2 September 2013 over Q2 September 2012.
Jyothy Laboratories manufactures and distributes brands across product categories as diverse as fabric care, household insecticides, utensil cleaners, fragrances, personal care, besides marketing tea and coffee brands.
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