Jayaswal Neco to consider preferential issue

Jayaswal Neco Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 18, 2010, inter alia, to consider and approve a proposal for making a preferential issue of Equity Shares to a domestic Mutual Fund.

The stock was trading at Rs.36.35, up by Rs.1.75 or 5.06%. The stock hit an intraday high of Rs.37.20 and low of Rs.35.

The total traded quantity was 937383 compared to 2 week average of 539246.

Source : Equity Bulls

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