Balmer Lawrie & Company is currently trading at Rs. 561.15, up by 3.20 points or 0.57% from its previous closing of Rs. 557.95 on the BSE.
The scrip opened at Rs. 549.75 and has touched a high and low of Rs. 565.50 and Rs. 548.00 respectively. So far 2654 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 681.55 on 19-Nov-2014 and a 52 week low of Rs. 335.20 on 07-May-2014.
Last one week high and low of the scrip stood at Rs. 591.00 and Rs. 548.50 respectively. The current market cap of the company is Rs. 1601.74 crore.
The institutions and non-institutions held 14.73% and 85.27% stake in the company, respectively.
In a bid to double its market share over the next five years, Balmer Lawrie is reportedly looking to market ‘Balmerol’ brand of lubricants and expand its distribution network. The major focus would be on the automotive retail business, which will drive growth and profitability. This would be done by leveraging and rapidly expanding the distribution network in focused markets and effective brand building.
Balmer Lawrie & Company, a Government company and a Mini-Ratna Category / Public Sector Enterprise, operates one of the largest travel agencies in India affiliated to IATA.
