INOX Leisure surged 4.17% to Rs 169.85 at 10:14 IST on BSE after the company said its board will meet on 25 September 2014, to consider the proposed scheme of amalgamation of its wholly owned subsidiary, Satyam Cineplexes with the company.
The announcement was made before market hours today, 18 September 2014.
Meanwhile, the S&P BSE Sensex was up 188.03 points or 0.71% at 26,819.32.
On BSE, so far 18,000 shares were traded in the counter as against average daily volume of 42,000 shares in the past two weeks.
The stock hit a high of Rs 172 and a low of Rs 167 so far during the day. The stock had hit a 52-week high of Rs 181.70 on 9 September 2014. The stock had hit a 52-week low of Rs 70.50 on 25 September 2013.
INOX Leisure's net profit declined 67.8% to Rs 4.58 crore on 1.8% growth in net sales to Rs 223.68 crore in Q1 June 2014 over Q1 June 2013.
INOX Leisure is engaged in the business of operating and managing multiplexes and cinema theatres.
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