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LG Balakrishnan gains on planning to divest stake in JV Company

24 Aug 2018 Evaluate

LG Balakrishnan & Brothers is currently trading at Rs. 530.00, up by 2.95 points or 0.56% from its previous closing of Rs. 527.05 on the BSE.

The scrip opened at Rs. 534.95 and has touched a high and low of Rs. 534.95 and Rs. 520.15 respectively. So far 108 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 682.00 on 30-Apr-2018 and a 52 week low of Rs. 334.33 on 24-Aug-2017.

Last one week high and low of the scrip stood at Rs. 540.00 and Rs. 520.15 respectively. The current market cap of the company is Rs. 1663.80 crore.

The promoters holding in the company stood at 47.88%, while Institutions and Non-Institutions held 17.22% and 34.90% respectively.

LG Balakrishnan & Brothers is planning to divest stake in joint venture (JV) Company -- Renold Chain India. The company will explore the potential acquisition of allied auto components business opportunities. The meeting of the Board of Directors of the company is scheduled to be held on August 30, 2018, to consider the same.

LG Balakrishnan & Brothers is a transport company. The company is engaged in the business of manufacturing chains, sprockets and metal formed parts for automotive applications. The company’s segments include transmission, metal forming and others.

LG Balakrishnan&Bros Share Price

1766.00 -20.05 (-1.12%)
24-Apr-2026 10:57 View Price Chart
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