Mukta Arts rose 1.05% to Rs 120.80 at 14:21 IST on BSE after the company said its board will meet on 10 November 2016 to consider hiving off cinemas business to a wholly-owned subsidiary of the company.
The announcement was made during trading hours today, 3 November 2016.Meanwhile, the BSE Sensex was down 28.50 points, or 0.10%, to 27,498.72.
On BSE, so far 69,000 shares were traded in the counter, compared with average daily volume of 96,367 shares in the past one quarter. The stock hit a high of Rs 126.50 and a low of Rs 120.45 so far during the day. The stock hit a 52-week high of Rs 132.50 on 18 October 2016. The stock hit a 52-week low of Rs 33.15 on 9 November 2015. The stock had outperformed the market over the past 30 days till 2 November 2016, rising 0.08% compared with the 2.85% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 89.91% as against Sensex's 0.68% decline.
The small-cap company has equity capital of Rs 11.29 crore. Face value per share is Rs 5.
Mukta Arts will declare Q2 results on 10 November 2016. The company reported net loss of Rs 0.04 crore in Q1 June 2016 as against net loss of Rs 1.43 crore in Q1 June 2015. Net sales rose 7.74% to Rs 11 crore in Q1 June 2016 over Q1 June 2015.
Mukta Arts is primarily engaged in the business of film production, distribution and exhibition.
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