Andhra Cements stock soars 10% upper circuit after filing draft for ₹180 cr rights issue

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Andhra Cements files a draft document with BSE and NSE for rights issue approval

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Rights Issue Committee approves ₹180 crore rights issue proposal

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Current shareholders offered the opportunity to buy additional shares in Andhra Cements

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Andhra Cements board approves ₹250 crore debt issue proposal in March

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Andhra Cements shares surge 10% to ₹94.80 on NSE following rights issue news

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Andhra Cements stock down 16% year-to-date, underperforming Nifty's 18% gains

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Andhra Cements shares declined 1.5% over last year, while Nifty rose 32%

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Andhra Cements reports a net loss of ₹23.6 crore for Q1 June 2024, slightly improved from the previous year

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Revenue from operations for Andhra Cements increases to ₹63.3 crore from ₹13.2 crore year-on-year

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