/ Bafna Pharma To Consider Fresh Issue Of Share Warrants Stocks Up 6% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 4 January 2017

Bafna Pharmaceuticals Ltd has stated that it would consider fresh issue of share warrants, prompting a jump in its stocks prices by 6%. A board meeting will be held today to consider withdrawal of entire preferential issue of 40,00,000 share warrants due to inordinate delay in the process. The meeting will also mull to propose and consider fresh issue of 80,00,000 share warrants to promoter and non-promoter groups subject to necessary approvals.

Bafna Pharmaceuticals Ltd is currently trading at Rs 31.85, up by Rs 1.85 or 6.17% from its previous closing of Rs 30 on the BSE. The scrip opened at Rs 30.75 and has touched a high and low of Rs 32 and Rs 30.75 respectively. So far 133939(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 55.98 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 52.4 on 12-Jan-2016 and a 52 week low of Rs 25.5 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 31 and Rs 28 respectively. The promoters holding in the company stood at 33.42 % while Institutions and Non-Institutions held 0.08 % and 66.5 % respectively. The stock is currently trading above its 50 DMA.
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