BF Utilities is trading 7% higher at Rs 764 extending its past two-day rally on the Bombay Stock Exchange (BSE) after the company said its shareholders approved the proposal of raising up to Rs 500 crore via issue of equity shares.
The stock opened at Rs 730 and touched a high of Rs 768 on BSE. The trading volumes on the counter more than doubled with a combined around 612,000 shares changing hands till 1115 hours on BSE and NSE.
In past three trading sessions, shares of Kalyani Group Company engaged in electric utilities surged 28% from Rs 599 on July 11. The benchmark S&P BSE Sensex gained 1.2% during the same period.
The shareholders at their extra-ordinary general meeting held on July 14, have approved the issuance of securities aggregating to up to Rs 500 crore to the investors including qualified institutional buyers (QIB), BF Utilities said in a filing to BSE.
The stock opened at Rs 730 and touched a high of Rs 768 on BSE. The trading volumes on the counter more than doubled with a combined around 612,000 shares changing hands till 1115 hours on BSE and NSE.
In past three trading sessions, shares of Kalyani Group Company engaged in electric utilities surged 28% from Rs 599 on July 11. The benchmark S&P BSE Sensex gained 1.2% during the same period.
The shareholders at their extra-ordinary general meeting held on July 14, have approved the issuance of securities aggregating to up to Rs 500 crore to the investors including qualified institutional buyers (QIB), BF Utilities said in a filing to BSE.
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