Arshiya International was locked at 10% upper circuit at Rs 16.09 at 12:11 IST on BSE, with the stock extending Monday's rally triggered by the firm scheduling its board meeting on Thursday, 27 March 2014, to review CDR package approved by CDR Cell.
Meanwhile, the S&P BSE Sensex was down 17.95 points or 0.08% at 22,037.53.
On BSE, so far 32,000 shares were traded in the counter as against average daily volume of 47,052 shares in the past one quarter.
The stock hit a low of Rs 15.11 so far during the day. The stock had hit a 52-week high of Rs 29.65 on 7 May 2013. The stock had hit a 52-week low of Rs 9.92 on 6 August 2013.
The stock had outperformed the market over the past one month till 24 March 2014, surging 24.94% compared with the Sensex's 5.98% rise. The scrip had, however, underperformed the market in past one quarter, sliding 7.11% as against Sensex's 4.86% rise.
The small-cap company has equity capital of Rs 12.38 crore. Face value per share is Rs 2.
Shares of Arshiya International have rallied 20.97% in two trading sessions from Rs 13.30 on Saturday, 22 March 2014 after the company after market hours on Saturday, 22 March 2014 said its board will meet on Thursday, 27 March 2014 to review restructuring package approved in CDR system by Corporate Debt Restructuring Cell. A special live trading session was held on Saturday, 22 March 2014, as the National Stock Exchange (NSE) was testing its software. The stock had surged by the maximum permissible level of 10% to settle at Rs 14.63 on Monday, 24 March 2014.
Meanwhile, Arshiya International after market hours on Monday, 24 March 2014 said that Mr. Ajay S. Mittal (Promoter/Promoter Group) has transferred 37 lakh warrants (convertible into equity shares of the company) on Monday, 24 March 2014, to Mrs. Archana A. Mittal (Promoter/Promoter Group) by way of gift.
Arshiya International reported a consolidated net loss of Rs 121.57 crore in Q4 December 2013 as against net profit of Rs 30.87 crore in Q4 December 2012. Net sales declined 48.7% to Rs 160.29 crore in Q4 December 2013 over Q4 December 2012.
Arshiya International, a flagship company of the Arshiya Group, is an integrated supply chain and logistics infrastructure solutions provider.
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