New Delhi, Feb. 19 -- TIL share price hit 20% upper circuit after the company announced plans for fundraising. The small-cap stock jumped as much as 20% to Rs.275.20 apiece on the BSE.

The rally in TIL share price today was also supported by robust volumes. Around 4 lakh equity shares of TIL changed hands on February 19 as against its one week average trading volume of 49,000 shares, and one month average volumes of 34,000 shares.

The Construction Vehicles manufacturing company, TIL Ltd, said that its board of directors is scheduled to meet on February 23 to consider a fundraising proposal by way of rights issue, preferential allotment or Qualified Institutional Placement (QIP).

"... a meeting of the Board of Directors of TIL Limited (...