Steel Strips board okays allotment of 7.3 lakh shares

Steel Strips board has okayed allotment of 7.3 lakh shares at Rs 300 per share via preferential basis, reports CNBC-TV18.

Steel Strips Wheels touched an intraday high of Rs 231.00 and an intraday low of Rs 211.30. At 11:04 hrs the share was quoting at Rs 224.70, up Rs 9.70, or 4.51%.
 
It was trading with volumes of 29,368 shares, compared to its 5-day average of 1,651 shares, an increase of 1,678.59%.
 
In the previous trading session, the share closed up 3.14% or Rs 6.55 at Rs 215.