Unity Infraprojects rallies by 9%; Board meeting on 31st Dec

The Board of Directors of the Company will consider, issue and allot equity shares to CDR Lenders against conversion of FITL interest into equity pursuant to CDR Scheme.

Dec 30, 2015 10:12 IST India Infoline News Service

Unity Infraprojects closed higher by 9% at Rs. 15 ahead of its board meeting due on 31 December.

The Board of Directors of the Company will consider, issue and allot equity shares to CDR Lenders against conversion of FITL interest into equity pursuant to CDR Scheme.
 
The scrip opened at Rs. 14.24 and touched a high and low of Rs. 16.23 and Rs. 14.24 respectively. A total of 667495(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 159.49 crore.

The BSE group 'B' stock of face value Rs. 2 touched a 52 week high of Rs. 28.5 on 04-Mar-2015 and a 52 week low of Rs. 9.8 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 15.4 and Rs. 13.46 respectively.

The promoters holding in the company stood at 70 % while Institutions and Non-Institutions held 7.86 % and 22.13 % respectively.

The stock traded below its 200 DMA.

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