Kwality rose 2.12% to Rs 110.90 at 10:30 IST on BSE as a meeting of company's board of directors will be held on 24 June 2016, to raise funds upto Rs 300 crore by way of term loan and issue of non-convertible debentures.
The announcement was made after market hours yesterday, 21 June 2016.Meanwhile, the S&P BSE Sensex was up 32.93 points or 0.12% at 26,843.18.
On BSE, so far 63,317 shares were traded in the counter as against average daily volume of 1.94 lakh shares in the past one quarter. The stock hit a high of Rs 111.70 and a low of Rs 109.90 so far during the day. The stock had hit a 52-week high of Rs 153.70 on 28 December 2015. The stock had hit a 52-week low of Rs 47.05 on 22 June 2015. The stock had underperformed the market over the past one month till 21 June 2016, falling 3.47% compared with the Sensex's 5.97% rise. The scrip had also underperformed the market in past one quarter, declining 4.65% as against Sensex's 6.04% rise.
The mid-cap company has equity capital of Rs 23.43 crore. Face value per share is Rs 1.
Kwality's net profit fell 2.3% to Rs 33.35 crore on 5.9% growth in net sales to Rs 1439 crore in Q4 March 2016 over Q4 March 2015.
Kwality is a premier dairy foods providing company.
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