Arshiya International hits the roof

Arshiya International has been hitting the upper circuit since 19^th March and today too, it kept on with this consistency, breaching the 10% upper circuit at Rs.14.63. Its 52-week high is at Rs.29.65.

The stock hit the roof after the company stated on 22^nd March that its Board will meet on 27^th March to review the restructuring package approved in the CDR system by the Corporate Debt Restructuring cell.

The company, an integrated supply chain and logistics infrastructure solutions provider, for Q3FY14 had posted a consolidated net loss at Rs.121 crore v/s a YoY net profit of Rs.31 crore.