Sintex Industries rose 1.72% to Rs 115.55 at 14:14 IST on BSE after the company said it has allotted 70.22 lakh shares of Re 1 each to foreign currency convertible bond holders on the exercise of their conversion right.
The announcement was made during market hours today, 26 March 2015.
Meanwhile, the S&P BSE Sensex was down 417.75 points or 1.49% at 27,694.08.
On BSE, so far 9.86 lakh shares were traded in the counter as against average daily volume of 16.44 lakh shares in the past one quarter.
The stock hit a high of Rs 116.45 and a low of Rs 110.50 so far during the day. The stock had hit a 52-week high of Rs 136.40 on 13 March 2015. The stock had hit a 52-week low of Rs 40.70 on 25 March 2014.
The stock had outperformed the market over the past one month till 25 March 2015, advancing 7.17% compared with the Sensex's 3.09% fall. The scrip had also outperformed the market in past one quarter, jumping 23.48% as against Sensex's 3.32% rise.
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The mid-cap company has equity capital of Rs 40.70 crore. Face value per share is Re 1.
Sintex Industries had on 17 September 2012, issued foreign currency convertible bonds (FCCBs) of $140 million, 7.5%, step down convertible bonds due 2017.
Meanwhile, 8.77 lakh shares of Sintex Industries were admitted for trading yesterday, 25 March 2015. These shares were allotted to FCCB holders on 21 March 2015, upon the exercise of their conversion right.
Sintex Industries' consolidated net profit rose 91.3% to Rs 162.04 crore on 32.7% growth in net sales to Rs 1826.03 crore in Q3 December 2014 over Q3 December 2013.
Sintex Industries is a dominant player in the plastics and textile business segments.
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