Warrants issue boosts Aditya Birla Nuvo, gains 10%
The stock finally ended with a gain of 10% at Rs 718. The Aditya Birla Nuvo counter clocked a volume of 185,781 shares on the BSE.
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Updated at 1248 hrs:
Aditya Birla Nuvo will raise Rs 1,000 crore by issuing 18.5 warrants to promoters.
The stock today opened at Rs 665. It then surged to a high of Rs 913, up 38% from the day's low. The stock is now trading at Rs 823 up 26%.
The counter has so far witnessed a heavy volume of 143,951 shares as against the two-week daily traded average of 67,820 at the BSE.