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Tasty Bite turns tasty on fund raising plan

Capital Market 

Tasty Bite Eatables was up 7.66% to Rs 9350 at 11:50 IST on the BSE after the company said that its board will meet on 12 July 2019, to consider raising funds by issuing equity shares on a preferential basis.

The announcement was made after market hours yesterday, 9 July 2019.

Meanwhile, the S&P BSE Sensex was down by 92.92 points, or 0.24% to 38,637.90.

On the BSE, 328 shares were traded in the counter so far compared with average daily volumes of 142 shares in the past two weeks. The stock had hit a high of Rs 10,164.95 and a low of Rs 8899 so far during the day. It hit a 52-week high of Rs 11,371.65 on 31 August 2018 and a 52-week low of Rs 7020.65 on 19 July 2018.

Further, the firm said it will consider Q1 June 2019 results on Wednesday, 7 August 2019.

Tasty Bite Eatables' net profit rose 3.5% to Rs 8.03 crore on a 15.1% rise in the net sales to Rs 85.21 crore in Q4 March 2019 over Q4 March 2018.

Tasty Bite Eatables manufactures and markets specialty foods.

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

First Published: Wed, July 10 2019. 11:52 IST