Lactose (India) hits upper circuit

Lactose (India) has hit an upper circuit limit of 5% at Rs 28.10 on the BSE after the company said its board will meet on 2 July 2015, to consider issuing convertible warrants on a preferential basis.

On BSE, so far 400 shares were traded in the counter, compared with an average volume of 2,203 shares in the past one quarter.

The stock hit a high of Rs 28.10 and a low of Rs 28.05 so far during the day. The stock hit a 52-week high of Rs 40.45 on 13 November 2014. The stock hit a 52-week low of Rs 13.55 on 24 July 2014.

The stock had underperformed the market over the past one month till 24 June 2015, falling 24.61% compared with 0.81% fall in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 4.11% as against Sensex's 1.53% fall.

The small-cap company has an equity capital of Rs 8.42 crore. Face value per share is Rs 10.