The board will also raise funds through the GDR/FCCB or preferential allotment route.

The stock touched a 52-week high of Rs 604 today.

About 29,369 shares changed hands in the counter on BSE.

The stock traded in the range of Rs 365-403 between 12 January and 16 March 2006. From 12 April the stock witnessed an uptrend and rallied from Rs 406 to Rs 566 on 12 May 2006, gaining 39% in one month.

Super Spinning Mills informed today that the board is scheduled to meet on 2 June 2006 to consider raising funds through GDR/FCCB or preferential allotment route and also mull over stock split.

In March, the company clinched a Rs 30-crore deal to buy-out a spinning plant in Turkey. The deal is part of the Rs 46- crore project chalked out to establish its new spinning plant under the banner Super Sara, which will be under the Super Spinning Mills management.

The company has also chalked out plans to enlarge its spinning capacity from present 1.35 lakh spindles to close to two lakh spindles by end of 2007 through a mix of acquisition of running spindles and new spindle investments.

Super Spinning Mills is mainly into the production of cotton yarn.

For the Q3 December 2005, Super Spinning Mills reported 209% increase in net profit to Rs 6.06 crore (Rs 1.96 crore). Net Sales grew 13.9% to Rs 108.54 crore (Rs 95.32 crore).