Bengal Tea trades in fine fettle on BSE

12 Jun 2014

Bengal Tea & Fabrics is currently trading at Rs. 49.00, up by 0.75 points or 1.55 % from its previous closing of Rs. 48.25 on the BSE.

The scrip opened at Rs. 45.60 and has touched a high and low of Rs. 49.95 and Rs. 45.60 respectively. So far 11485 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 49.75 on 10-Jun-2014 and a 52 week low of Rs. 20.35 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs. 49.75 and Rs. 42.05 respectively. The current market cap of the company is Rs. 44.94 crore.

The promoters holding in the company stood at 73.38 % while Institutions and Non-Institutions held 1.06 % and 25.56 % respectively.

Credit rating agency, CARE has revised rating of Bengal Tea & Fabrics’ long term bank facilities worth Rs 108.60 crore to ‘BBB’ from ‘BBB-’. The rating agency has also revised rating of company’s short term bank facilities worth Rs 8.50 lakh to ‘A3+’ from ‘A3’.

The revision in the ratings factors in improvement in the financial risk profile of Bengal Tea & Fabrics (BTFL) upon improvement in the operating performance of its textile division during FY14 (refers to the period April 1 to March 31) on the back of stable cotton prices and sustained demand for its yarn and fabrics.

Bengal Tea & Fabrics has interest in the business of Tea and Textiles. The tea estates of the company are situated in Upper Assam. The company also owns a composite textile mill, namely Asarwa Mills situated in Ahmedabad in the state of Gujarat.

Related Bengal Tea & Fabrics Ltd. Links:

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