Aksh Optifibre was up 0.41% to Rs 24.60 at 12:47 IST on BSE, off the session's low of Rs 23.70, after the company's board approved raising up to $20 million through issue of shares on preferential basis.
At the day's low of Rs 23.70, the stock declined 3.27% before the company made this announcement during trading hours.
The stock hit a high of Rs 25.30 and a low of Rs 23.70 so far during the day. The stock had hit a 52-week high of Rs 31.05 on 29 September 2008 and a 52-week low of Rs 8.05 on 5 March 2009.
The company's equity capital is Rs 29.48 crore. Face value per share is Rs 5.
The funds would be used for the company's services division comprising of IPTV and VoIP businesses, Aksh Optifibre said.
Aksh Optifibre reported net profit of Rs 6.73 crore in the quarter ended June 2009 as compared to net loss of Rs 4.10 crore in the quarter ended June 2008. Net sales rose 36.1% to Rs 43.19 crore in the quarter ended June 2009 over the quarter ended June 2008.
The company is engaged in manufacturing optical fibre cables in India.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment