The company's stock rose after it announced a 1:10 stock split, meaning each equity share having face value of Rs 10 each will be subdivided into ten equity shares having face value of Rs 1 each
Revenue from operations grew by 87.15% to Rs 583.17 crore for Q3FY22
Nandan Denim slipped 16% to Rs 103, also its 52-week low on the BSE, after the textile company posted a sharp 98% year on year decline in its net profit at Rs 7.7 million in Q4FY18.
The stock was trading higher by 6% to Rs 141 on BSE.
Company plans to issue 5 mn warrants at Rs 200 each to foreign investors, including premium of Rs 190
The stock surged 19% to Rs 151 after the company said it is planning to issue 5 million convertible warrants on preferential basis to foreign investors at Rs 200 each.