SPML Infra rose 3.51% to Rs 84 at 10:28 IST on BSE after the company said that its board of directors will meet on Thursday, 18 September 2014, to consider the various options of fund raising.
The announcement was made after market hours on Monday, 15 September 2014.
Meanwhile, the S&P BSE Sensex was down 43.18 points or 0.16% at 26,773.38.
On BSE, so far 1,362 shares were traded in the counter as against average daily volume of 11,000 shares in the past two weeks.
The stock hit a high of Rs 84 and a low of Rs 82 so far during the day. The stock had hit a 52-week high of Rs 89.15 on 9 September 2014. The stock had hit a 52-week low of Rs 24.45 on 13 February 2014.
SPML Infra reported a net profit of Rs 0.93 crore in Q1 June 2014 as against net loss of Rs 20.32 crore in Q1 June 2013. Net sales rose 32.2% to Rs 271.27 crore in Q1 June 2014 over Q1 June 2013.
SPML Infra is an infrastructure development company implementing projects in water supply and management, wastewater treatment and reuse, sewer-line rehabilitation and power (RE) development, transmission and distribution in India.
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