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Vishal Fabrics Ltd likely to announce rights issue; stock jumps 8%
short by / on Monday, 22 July, 2024
Shares of Vishal Fabrics Ltd zoomed 8.75% to an intraday high of ₹31.70 with a spurt in volume by more than 1.01 times. The stock’s 52-week high is ₹34.75. The company's board has proposed to raise funds through issue of one or more instruments including equity shares, convertible instruments, or any other securities including preferential allotment, rights issue and QIP.