You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Peninsula Land jumps over 7% in two sessions

Capital Market 

rose 2.48% to Rs 26.85 at 15:24 on BSE, extending yesterday's gain triggered by the company's plan to raise funds via non-convertible debt.

Meanwhile, the S&P Sensex was down 112.14 points, or 0.38% to 29,301.52.

On the BSE, 11.27 lakh shares were traded in the counter so far, compared with average daily volumes of 2.11 lakh shares in the past one quarter. The stock had hit a high of Rs 30.20 so far during the day, which is also a 52-week high for the counter. The stock had hit a low of Rs 26.50 so far during the day. The stock hit a 52-week low of Rs 13.15 on 27 December 2016.

The stock had outperformed the market over the past one month till 17 April 2017, rising 47.19% compared with 0.79% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 75.37% as against Sensex's 8% rise.

The small-cap company has equity capital of Rs 55.84 crore. Face value per share is Rs 2.

said that its board will meet on Monday, 24 April 2017, to consider the proposal of raising funds by issuing non-convertible debt securities on private placement basis during Financial Year 2017-2018. The announcement was made on Saturday, 15 April 2017.

Shares of jumped 5.01% to settle at Rs 26.20 yesterday, 17 April 2017. The stock has risen 7.62% in two trading sessions from its close of Rs 24.95 on 13 April 2017.

Peninsula Land reported net loss of Rs 20.45 crore in Q3 December 2016, as against net loss of Rs 6.61 crore in Q3 December 2015. Net sales rose 19.2% to Rs 16.49 crore in Q3 December 2016 over Q3 December 2015.

Peninsula Land is the real estate arm of Ashok Piramal Group. The company is known for its concept based architectures in the commercial, retail and residential sectors.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 18 2017. 15:28 IST