Bharat Bijlee is currently trading at Rs. 1627.15, up by 28.45 points or 1.78% from its previous closing of Rs. 1598.70 on the BSE.
The scrip opened at Rs. 1607.95 and has touched a high and low of Rs. 1648.55 and Rs. 1607.95 respectively. So far 643 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1760.00 on 01-Mar-2018 and a 52 week low of Rs. 965.00 on 31-May-2017.
Last one week high and low of the scrip stood at Rs. 1696.00 and Rs. 1590.00 respectively. The current market cap of the company is Rs. 919.59 crore.
The promoters holding in the company stood at 33.63%, while Institutions and Non-Institutions held 17.37% and 49.00% respectively.
Bharat Bijlee has commissioned a state-of-the art facility for its Magnet Technology Machines on April 18, 2018 at its Works situated at Airoli, Navi Mumbai, at a cost of around Rs 800 lakh.
This new facility will help the company increase its production and service capacity and look forward to a good business opportunity in this segment over the years to come.
Bharat Bijlee is a multi-product, multi-division company. BBL runs two business divisions i.e. Industrial Products- includes transformers, motors and drives; and Contracting i.e. Projects.
