Poddar Developers gains on mulling fund raising plan

Poddar Developers advanced 3.52% to Rs 885.55 at 13:21 IST on BSE after the company scheduled a meeting of the Board of Directors of the company to consider various fund raising options.

The company made the announcement after market hours yesterday, 27 November 2014.

Meanwhile, the BSE Sensex was up 338.42 points, or 1.19%, at 28,777.33

On BSE, so far 2,102 shares were traded in the counter. The scrip had an average daily volume of 6,712 shares in the past one quarter.

The stock hit a high of Rs 910 and a low of Rs 860 so far during the day. The stock had a record high of Rs 939 on 17 November 2014. The stock hit a 52-week low of Rs 80 on 24 January 2014.

The stock had underperformed the market over the past one month till 27 November 2014, rising 4.04% compared with 6.3% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, surging 391.15% as against Sensex's 7.07% rise.

The small-cap company has an equity capital of Rs 5.20 crore. Face value per share is Rs 10.

Poddar Developers scheduled a meeting of the Board of Directors of the company on 5 December 2014 to consider various fund raising options.

Poddar Developers operates in two segments namely garments and realties.

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