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Bharat Rasayan zooms on issuing Commercial Paper worth Rs 20 crore

27 Dec 2017 Evaluate

Bharat Rasayan is currently trading at Rs. 4315.00, up by 285.10 points or 7.07% from its previous closing of Rs. 4029.90 on the BSE.

The scrip opened at Rs. 4112.65 and has touched a high and low of Rs. 4444.00 and Rs. 3985.30 respectively. So far 2039 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 4444.00 on 27-Dec-2017 and a 52 week low of Rs. 1721.00 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs 4444.00 and Rs. 3,852.65 respectively. The current market cap of the company is Rs. 1818.46 crore.

The promoters holding in the company stood at 74.79%, while Non-Institutions held 25.21% stake in the company.

Bharat Rasayan has issued Commercial Paper of Rs 20 crore on December 27, 2017, having maturity on March 23, 2018. The issue has been rated ‘A1+’ by a leading credit rating agency, CARE Ratings. The company has appointed HDFC Bank as Issuing & Paying Agent for this issuance.

Bharat Rasayan, part of the Bharat Group of companies, is engaged in manufacturing technical grade pesticides, pesticides formulations and intermediates.

Peers
Company Name CMP
UPL 522.00
PI Industries 2245.00
Bayer CropScience 3555.45
Sharda Cropchem 710.30
Sumitomo Chem. India 417.30
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