LG Balakrishnan & Bros is currently trading at Rs. 250.00, up by 0.75 points or 0.30% from its previous closing of Rs. 249.25 on the BSE.
The scrip opened at Rs. 249.95 and has touched a high and low of Rs. 250.00 and Rs. 249.95 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 361.00 on 19-Apr-2012 and a 52 week low of Rs. 240.00 on 09-Aug-2012.
Last one week high and low of the scrip stood at Rs. 255.00 and Rs. 245.10 respectively. The current market cap of the company is Rs. 196.20 crore.
The promoters holding in the company stood at 45.70% while Institutions and Non-Institutions held 7.15% and 47.15% respectively.
LG Balakrishnan & Bros through its USA based subsidiary company ‘LGB USA Inc’ has acquired 100% shares of ‘GFM Inc’ located in Detroit Michigan. The deal consideration was approximately $5.5 million. GFM Inc posted a turnover of $15 million in the previous financial year.
LG Balakrishnan & Bros is a premier manufacturer of both automotive and industrial chains under the popular brand name ‘ROLON’. LGB is now surging ahead to become a metal forming company concentrating on hot, warm & cold forging, blanking, fine blanking & precision machined parts.
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