This company hits upper circuit as firm mulls fund raising – Check details here
GH News August 22, 2025 06:06 PM
Shares of Osia Hyper Retail Limited a resilient player in the Indian Retail business hit a 5 per cent upper circuit even as equity benchmark indices Sensex and Nifty declined amid weak global cues on Friday August 22 2025. The counter started the trading session at Rs 14.41 on the National Stock Exchange (NSE) as soon as the session began today. The counter has been hitting the upper circuit for six consecutive trading sessions and has surged over 21 per cent in the last five days. Also the stock is under Enhanced Surveillance Measure (ESM) Stage I. Technically the stock trades higher than the 5-day and 20-day moving averages but lower than the 50-day 100-day and 200-day moving averages. Share Price History The stock has dipped over 50 per cent in five years and 52 per cent in one year. On a year-to-date (YTD) basis it has corrected 51 per cent. The 52-week high of the stock is Rs 50.45 which was hit on September 30 2025. The 52-week low of the counter is Rs 11.31. Company Plans To Raise Funds The company has informed exchanges that its board will meet on August 23 2025 to consider and approve the proposal for raising funds of up to Rs 650 crore. The firm is planning to raise funds by way of preferential allotment issue of convertible warrants foreign currency convertible bonds (FCCBs) qualified institutional placement (QIP) or any other permissible instruments/modes the company said in an exchange filing. Share Market Today Equity benchmark indices declined in early trade on Friday after about a week-long rally dragged by IT and bank stocks. The 30-share BSE Sensex declined 515.57 points to 81484.90 at the time of writing the report. The 50-share NSE Nifty dropped 156.95 points to 24926.80.
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