Harrisons Malayalam is currently trading at Rs. 65.05, up by 0.85 points or 1.32% from its previous closing of Rs. 64.20 on the BSE.
The scrip opened at Rs. 64.80 and has touched a high and low of Rs. 66.10 and Rs. 63.75 respectively. So far 5451 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 95.70 on 23-Sep-2010 and a 52 week low of Rs. 57.40 on 26-Aug-2011.
Last one week high and low of the scrip stood at Rs. 67.95 and Rs. 62.10 respectively. The current market cap of the company is Rs. 118.48 crore.
The promoters holding in the company stood at 50.31% while Institutions and Non-Institutions held 0.26% and 49.43% respectively.
Credit rating agency, ICRA has upgraded the long term rating assigned to Rs 71.7 crore term loans and Rs 37.0 crore fund based facilities of Harrisons Malayalam to BBB- from LBB+. The outlook on the rating is stable. The rating agency has also upgraded the short term rating assigned to Rs.4.3 crore non-fund based facilities of HML to A3 from A4+.
The ratings revision reflects the improving business prospects supported by robust demand for rubber in the user industries and the consequent strengthening of rubber prices, especially in the last 18 months, thus driving the performance of HML’s rubber segment.
Harrisons Malayalam, part of the RPG Group, markets its tea products under ‘Harrison's Gold’, ‘Mountain Mist’, ‘Surya’, and ‘Spencer's’ brand names. These brands command significant market share in Kerala, Tamil Nadu and Karnataka. The company owns rubber factories and tea factories across Kerala, Karnataka and Tamil Nadu.
| Company Name | CMP |
|---|---|
| Apcotex Inds | 393.40 |
| Pix Transmission | 1486.55 |
| GRP | 1932.00 |
| Harrisons Malayalam | 230.30 |
| Tinna Rubber & Infra | 700.95 |
| View more.. | |
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