Universal Cables rose 4.01% to Rs 41.45 at 15:00 IST on BSE after the company said that a meeting of the board of directors of the company will be held on 31 March 2015, inter alia, to consider and approve the proposal of rights Issue.
Meanwhile, the S&P BSE Sensex was down 628.94 points or 2.24% at 27,482.89.
On BSE, so far 1,205 shares were traded in the counter as against average daily volume of 3,251 shares in the past one quarter.
The stock hit a high of Rs 41.50 and a low of Rs 37.95 so far during the day.
The stock had underperformed the market over the past one month till 25 March 2015, falling 16.43% compared with the Sensex's 3.09% fall. The scrip had also underperformed the market in past one quarter, dropping 16.43% as against Sensex's 3.32% rise.
The mid-cap electric cables manufacturer has equity capital of Rs 23.13 crore. Face value per share is Rs 10.
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Universal Cables reported net loss of Rs 19.75 crore in Q3 December 2014 compared with net loss of Rs 9.03 crore in Q3 December 2013. Total income rose 13.4% to Rs 172.32 crore in Q3 December 2014 over Q3 December 2013.
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