The stock jumped 1.7 percent after the company scheduled a meeting of its capital raising committee on or after 7 March 2017, to approve the issue price for the qualified institutional placement.
The stock jumped 1.7 percent after the company reported net profit of Rs 320.6 cr.
The stock slumped 6.5 percent on equity dilution concerns after the company announced that board of directors will consider raising of funds by issue of equity related instruments.
The stock jumped almost 2 percent on reports that a foreign brokerage has maintained buy call on the stock for a target price of Rs 200.
The stock rallied 2.4 percent on reports the company is contemplating to revive The Madras Aluminium Company.
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