has hit the 20 percent upper limit at Rs. 33.05 after the board of the company proposed the conversion of loan into equity by preferential allotment of equity shares to the promoter group.
The stock is still locked at the 20 percent upper circuit and around 230,000 shares have changed hands at the counter on the BSE. There are pending buy orders for over 53,500 shares.
Meanwhile, the Sensex has declined 42 points at 27,790.