Friday 19 June 2015

The stock is now locked at Rs. 12.74 on plans to raise fresh funds.



Next Mediaworks has rallied 20 percent to hit upper circuit at Rs. 12.74 after the company informed the BSE that its arm Next Radio is planning to raise up to Rs.115 crore through a debt and share issue. The stock is now locked at Rs. 12.74. The BSE counter has seen 2.8-times jump in volume with trades of around 26,000 shares, as against two-week daily average volume of 9,307 shares. Meanwhile, the Sensex has jumped 194 points at 27,310. 

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