Unity Infraprojects rose 1.25% at Rs 20.30 at 10:42 IST on BSE after the company said that its board of directors would consider and approve CDR application.
The company made the announcement after market hours on Thursday, 20 March 2014.
Meanwhile, the BSE Sensex was up 8.74 points, or 0.04% to 21,748.83
On BSE, so far 2,173 shares were traded in the counter as against an average daily volume of 22,776 shares in the past one quarter.
The stock hit a high of Rs 21.45 and low of Rs 20.20 so far during the day. The stock had hit a 52-week high of Rs 35 on 17 May 2013. The stock had hit a 52-week low of Rs 16.10 on 7 August 2013.
The stock had underperformed the market over the past one month till 20 March 2014, remaining unchanged as compared with the Sensex's 5.86% rise. The scrip had also underperformed the market in past one quarter, falling 20.12% as against Sensex's 3.13% rise.
The small-cap construction company has an equity capital of Rs 14.82 crore. Face value per share is Rs 2.
Unity Infraprojects after market hours on Thursday, 20 March 2014 said that its board of directors will meet on 25 March 2014 to consider and approve to make an application to Reserve Bank of India (CDR Cell) under Corporate Debt Restructuring (CDR).
Unity Infraprojects' net profit dropped 92.7% to Rs 2.06 crore on 5.9% growth in net sales to Rs 518.36 crore in Q3 December 2013 over Q3 December 2012.
Unity Infraprojects is specialized in civil construction, transportation engineering and water supply/irrigation sectors projects.
Powered by Capital Market - Live News
