Binny surges on plan to sell 1.61 acres land at Chennai for Rs 24.58 crore

20 Nov 2015

Binny is currently trading at Rs. 95.00, up by 1.40 points or 1.50% from its previous closing of Rs. 93.60 on the BSE.

The scrip opened at Rs. 93.60 and has touched a high and low of Rs. 100.00 and Rs. 91.90 respectively. So far 3832 shares were traded on the counter.

The BSE group 'XC' stock of face value Rs. 5 has touched a 52 week high of Rs. 316.50 on 16-Dec-2014 and a 52 week low of Rs. 89.50 on 24-Sep-2015.

Last one week high and low of the scrip stood at Rs. 114.90 and Rs. 91.10 respectively. The current market cap of the company is Rs. 212.70 crore.

The promoters holding in the company stood at 74.69% while Institutions and Non-Institutions held 8.08% and 17.23% respectively.

Binny has received an approval to sell land to an extent of 1.61 acres situated at Vyasarpadi, Chennai for a consideration of Rs 24.58 crore or higher price. The board of directors at its meeting held on November 20, 2015 has approved for the same.

The board of directors has also authorized the Executive Chairman and Managing Director of the company severally to finalize the sale and execute the necessary sale agreement.

Binny is engaged in the business of marketing textiles goods, marketing engineering and other products, shipping related business, operating cold storage at Cochin, travel agency business approved by IATA and TAI, real estate and Container Freight Station.

 

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Binny Share Price

79.75 -0.70 (-0.87%) Nov 18, 18:01
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Company Name CMP
Arvind 47.85
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Vardhman Textiles 893.35
Welspun India 51.90
Alok Inds 2.33
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