D-Link (India) rose 2.59% to Rs 29.70 at 10:10 IST on BSE after the company said that its board will meet on 21 December 2013, to consider raising funds through preferential allotment of equity shares, or rights issue.
The announcement was made after market hours on Wednesday, 18 December 2013.
Meanwhile, the S&P BSE Sensex was down 175.61 points or 0.84% at 20,684.25.
On BSE, so far 13,000 shares were traded in the counter as against average daily volume of 24,278 shares in the past one quarter.
The stock hit a high of Rs 30.25 and a low of Rs 29.50 so far during the day. The stock had hit a 52-week high of Rs 38.70 on 15 May 2013. The stock had hit a 52-week low of Rs 22.40 on 28 August 2013.
The stock outperformed the market over the past one month till 18 December 2013, surging 7.22% compared with the Sensex's 0.04% rise. The scrip had also outperformed the market in past one quarter, jumping 12.65% as against Sensex's 4.5% rise.
The small-cap company has equity capital is Rs 6 crore. Face value per share is Rs 2.
D-Link (India)'s net profit surged 38% to Rs 2.94 crore on 46.8% growth in net sales to Rs 127.83 crore in Q2 September 2013 over Q2 September 2012.
D-Link is engaged in the design, manufacture and marketing of advanced networking, broadband, digital, voice and data communications solutions.
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