Binani Industries is currently trading at Rs. 105.80, up by 4.25 points or 4.19% from its previous closing of Rs. 101.55 on the BSE.
The scrip opened at Rs. 106.50 and has touched a high and low of Rs. 109.85 and Rs. 102.60 respectively. So far 59723 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 152.80 on 17-Jan-2018 and a 52 week low of Rs. 67.05 on 11-Aug-2017.
Last one week high and low of the scrip stood at Rs. 101.55 and Rs. 84.00 respectively. The current market cap of the company is Rs. 332.48 crore.
The promoters holding in the company stood at 52.62%, while Institutions and Non-Institutions held 3.57% and 43.81% respectively.
Binani Industries (BIL) has filed application for termination of insolvency resolution process of its debt-ridden subsidiary -- Binani Cement (BCL).
The company has received an offer from the Aditya Birla group firm UltraTech to transfer its 98.43 percent stake in BCL for Rs 7,266 crore.
However, the deal was subject to ending the insolvency proceedings against BCL, whose Credit of Creditors (CoC) led by Bank of Baroda has approved Rs 6,350 crore bid from Dalmia Bharat group's wholly-owned subsidiary , Rajputana Properties.
The business portfolio of Binani Industries includes sectors like cement, zinc, glass-fiber and downstream composite products.
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