Pantaloons Fashion & Retail rose 1.94% to Rs 126.20 at 14:02 IST on BSE ahead of the company's board meeting today, 18 July 2014, to consider rights issue of shares.
The company made the announcement after market hours on Tuesday, 15 July 2014.
Meanwhile, the BSE Sensex was up 71.50 points, or 0.28%, to 25,632.66.
On BSE, so far 1,982 shares were traded in the counter, compared with an average volume of 8,130 shares in the past one quarter.
The stock hit a high of Rs 128.90 and a low of Rs 125.10 so far during the day. The stock hit a record high of Rs 174.95 on 2 August 2013. The stock hit a record low of Rs 73.50 on 27 November 2013.
The stock had underperformed the market over the past one month till 17 July 2014, falling 1.43% compared with 0.16% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 21.49% as against Sensex's 12.96% rise.
The small-cap company has an equity capital of Rs 92.79 crore. Face value per share is Rs 10.
The board of Pantaloons Fashion & Retail will consider fund raising proposals for the company, including rights issue.
Pantaloons Fashion & Retail reported net loss of Rs 70.75 crore in Q4 March 2014, higher than net loss of Rs 59.52 crore in Q4 March 2013. Net sales rose 2.02% to Rs 400.61 crore in Q4 March 2014 over Q4 March 2013.
Pantaloons Fashion & Retail is a premium clothing retail chain. It was previously controlled by the Future Group, but has now been taken over by Aditya Birla Nuvo (ABNL), a part of the Aditya Birla Group.
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