Penny stock, Oct. 14 -- Shares of Salasar Techno Engineering Ltd rose nearly 3% on Tuesday, October 14, despite the Sensex and the Nifty 50 ending in the red, continuing their losses for a second consecutive session.

Salasar Techno Engineering informed the exchanges that the company's Finance Committee on Monday, October 13, decided to convert 2,11,80,000 warrants into an equal number of equity shares.

The steel structure manufacturer's shares closed 3.01% higher at Rs.8.90 after Tuesday's market session. Salasar Techno Engineering's share price opened at Rs.8.57 per share on the BSE on Tuesday. The company made the announcement of the conversion of warrants to equity shares after market closing hours on Monday.

The company approved th...