Shares of Religare Enterprises Ltd. surged over 6% during trade after the company's announcement that the Board will consider approving a fundraise on July 11.
The stock had notable gains the previous day, closing nearly 7% higher, with the trading window closed until after the quarterly financial results are declared.
Religare Enterprises stock rose by 6.14% to Rs 249.6 apiece on the NSE, trading higher at Rs 246.5 apiece. The company witnessed a decline in the last six months but has shown a rise over the last three months.
The total traded volume was significantly higher than the average, with the relative strength index at 68.9.