Videocon Industries rose 1.15% to Rs 123 at 14:26 IST on BSE, extending yesterday's 0.41% rise triggered by the company fully redeeming foreign currency convertible bonds which were issued in December 2010.
Meanwhile, the BSE Sensex was up 70.75 points, or 0.27%, to 26,188.29.
On BSE, so far 16,000 shares were traded in the counter, compared with an average volume of 39,067 shares in the past one quarter.
The stock hit a high of Rs 123.85 and a low of Rs 122.45 so far during the day. The stock hit a 52-week high of Rs 199.80 on 12 January 2015. The stock hit a 52-week low of Rs 115 on 20 August 2015.
The stock had underperformed the market over the past one month till 31 December 2015, sliding 6.86% compared with 0.11% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 11.98% as against Sensex's 0.14% fall.
The mid-cap company has an equity capital of Rs 334.46 crore. Face value per share is Rs 10.
Videocon Industries announced during trading hours yesterday, 31 December 2015, that it fully redeemed foreign currency convertible bonds aggregating to $194.40 million which were issued in December 2010. The company paid $97.20 million along with the applicable interest and fees in cash and issued another series of foreign currency convertible bonds (FCCBs) of $97.20 million on 30 December 2015 as part of the redemption.
Shares of Videocon Industries rose 0.41% to Rs 121.60 yesterday, 31 December 2015. The stock has risen 1.57% in two trading sessions.
Net profit of Videocon Industries rose 464.93% to Rs 7.57 crore on 2.41% decline in net sales to Rs 3110.63 crore in Q2 September 2015 over Q2 September 2014.
Videocon Industries operates in four segments: consumer electronics and home appliances, crude oil and natural gas, telecommunications and power.
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