Bang Overseas jumps on entering into MoU for sale of land in Bangalore

29 Jun 2018

Bang Overseas is currently trading at Rs. 51.05, up by 2.80 points or 5.80% from its previous closing of Rs. 48.25 on the BSE.

The scrip opened at Rs. 49.00 and has touched a high and low of Rs. 53.05 and Rs. 49.00 respectively. So far 25727 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 53.05 on 29-Jun-2018 and a 52 week low of Rs. 23.10 on 23-Mar-2018.

Last one week high and low of the scrip stood at Rs. 53.05 and Rs. 44.15 respectively. The current market cap of the company is Rs. 71.94 crore.

The promoters holding in the company stood at 72.98% and Non-Institutions held 27.02% .

Bang Overseas has entered into a memorandum of understanding (MoU) with the buyer for sale of land bearing municipal no. 82, Situated at EPIP Industrial Estate, formed out of survey number 150, of Village, 1st Stage, white field, K.R. Puram, Hobli, Bangalore, measuring to an extent of 4781 square meter. The consideration to be received for the sale is Rs 20 crore (in tranches).

Bang Overseas is one of the leading manufacturers and exporters of men's wear.The company is also engaged in the apparel, textile and retail market and also deals in providing rare services like concept development, designing, manufacturing to logistic and marketing.

Related Bang Overseas Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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