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Hot Pursuit News

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(01 Jan 2016, 10:56)

Piramal Enterprises gains on fund raising proposal

Piramal Enterprises rose 1.68% to Rs 1,021 at 10:56 IST on BSE after the company said that a meeting of its committee of directors will be held on 5 January 2016 to consider issue of secured non-convertible debentures amounting upto Rs 500 crore.


The announcement was made after market hours yesterday, 31 December 2015.

Meanwhile, the S&P BSE Sensex was up 22.48 points or 0.09% at 26,140.02.

On BSE, so far 5,679 shares were traded in the counter as against average daily volume of 21,545 shares in the past one quarter.

The stock hit a high of Rs 1,030 and a low of Rs 1,005.20 so far during the day. The stock had hit a record high of Rs 1,043 on 20 May 2015. The stock had hit a 52-week low of Rs 805 on 18 September 2015.

The stock had outperformed the market over the past one month till 31 December 2015, surging 6.29% compared with Sensex's 0.11% fall. The scrip had also outperformed the market in past one quarter, advancing 15.15% as against Sensex's 0.14% fall.

The large-cap company has equity capital of Rs 3...

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