WPIL spurted 7.65% to Rs 560 at 15:16 IST on BSE after the company said its board of directors will meet tomorrow, 12 September 2014, to consider further issue of securities.
The announcement was made during market hours today, 11 September 2014.
Meanwhile, the S&P BSE Sensex was down 54.63 points or 0.2% at 27,002.78.
On BSE, so far 39,000 shares were traded in the counter as against average daily volume of 17,317 shares in the past one quarter.
The stock hit a high of Rs 568 so far during the day, which is a record high for the counter. The stock hit a low of Rs 527 so far during the day. The stock had hit a 52-week low of Rs 165.50 on 21 November 2013.
WPIL's board will also consider making loans investments & guarantees at its board meeting tomorrow, 12 September 2014.
WPIL's net profit jumped 61% to Rs 3.14 crore on 21.6% growth in net sales to Rs 51.86 crore in Q1 June 2014 over Q1 June 2013.
WPIL makes pumps and pumping systems, which find application in power, irrigation, industrial and offshore segment.
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