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BS surges on receiving CCI’s nod for proposed acquisition of assets of Agarwal Steel

14 Dec 2015 Evaluate

BS is currently trading at Rs. 33.00, up by 1.35 points or 4.27% from its previous closing of Rs. 31.65 on the BSE.

The scrip opened at Rs. 31.60 and has touched a high and low of Rs. 33.45 and Rs. 31.60 respectively. So far 52,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 44.00 on 27-Nov-2015 and a 52 week low of Rs. 19.15 on 30-Jan-2015.

Last one week high and low of the scrip stood at Rs. 37.25 and Rs. 30.20 respectively. The current market cap of the company is Rs. 1,455.00 crore.

The promoters holding in the company stood at 68.84% while Institutions and Non-Institutions held 2.75% and 28.41% respectively.

BS has received approval of Competition Commission of India (CCI) for proposed acquisition of assets, on slump sale basis, of Agarwal Steel Structures (India). The order of the CCI will be received in due course of time.

BS (formerly known as BS TransComm) is India’s Leading Infrastructure player in Power Transmission & Distribution and Telecom Managed Services. Today the company is preferred EPC Provider in India, and poised to become a holistic infrastructure provider.


Peers
Company Name CMP
Larsen & Toubro 4039.00
Rail Vikas Nigam 295.75
NCC 160.00
KEC International 559.65
Kalpataru Projects 1233.80
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