Radha Madhav Corp jumps as board to consider issue of shares to promoters

Radha Madhav Corporation surged 5.38% to Rs 41.10 at 9:31 IST on BSE after the firm said its board will meet on 15 December 2014, to consider further issue of shares and warrants on preferential basis to the promoters and non promoters of the firm.

The announcement was made after market hours on Tuesday, 2 December 2014.

Meanwhile, the S&P BSE Sensex was down 33.06 points or 0.12% at 28,410.95.

On BSE, so far 38,000 shares were traded in the counter as against average daily volume of 94,000 shares in the past two weeks.

The stock hit a high of Rs 41.40 and a low of Rs 39.25 so far during the day.

Radha madhav Corporation reported a net profit of Rs 0.42 crore in Q2 September 2014 compared with net loss of Rs 27.89 crore in Q2 September 2013. Net sales rose 90.1% to Rs 8.84 crore in Q2 September 2014 over Q2 September 2013.

Radha madhav Corporation is multi material, multi process, multi product packaging solutions provider.

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