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Hydro S&S Industries has locked in upper circuit for fourth straight day, up 10% at Rs 98 after the company said it got shareholders approval for preferential issue to strategic investor Hong Kong Victory Investment Company.
The stock currently quoting at its 52-week high, has rallied 75% from Rs 56 on August 22 on BSE. A combined 10,197 shares changed hands and there are pending buy orders for 56,136 shares on BSE and NSE at 1425 hours.
“At Annual General Meeting (AGM) held on July 25, 2014 the company’s shareholders approved to issue 2.13 million equity shares at Rs 51.25 per share to Hong Kong Victory Investment Co Ltd, a company incorporated in Hong Kong on preferential basis,” Hydro S&S Industries said in a statement on August 25.
Meanwhile, with reference to the increase in price, Hydro S & S Industries has clarified to BSE that there is no development in the promoter Company and the investor Company which could have any bearing on the price movement of our Company.
“We are equally concerned about the same. In case we came to know about such information, we will immediate share the same with you”, it added.
The stock currently quoting at its 52-week high, has rallied 75% from Rs 56 on August 22 on BSE. A combined 10,197 shares changed hands and there are pending buy orders for 56,136 shares on BSE and NSE at 1425 hours.
“At Annual General Meeting (AGM) held on July 25, 2014 the company’s shareholders approved to issue 2.13 million equity shares at Rs 51.25 per share to Hong Kong Victory Investment Co Ltd, a company incorporated in Hong Kong on preferential basis,” Hydro S&S Industries said in a statement on August 25.
Meanwhile, with reference to the increase in price, Hydro S & S Industries has clarified to BSE that there is no development in the promoter Company and the investor Company which could have any bearing on the price movement of our Company.
“We are equally concerned about the same. In case we came to know about such information, we will immediate share the same with you”, it added.
