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Best & Crompton shines on getting nod to disinvest 34.27% in Best & Crompton Green Tech

24 Jan 2013 Evaluate

Best & Crompton Engineering is currently trading at Rs. 6.00, up by 0.19 points or 3.27% from its previous closing of Rs. 5.81 on the BSE.

The scrip opened at Rs. 6.25 and has touched a high and low of Rs. 6.25 and Rs. 5.62 respectively. So far 3,149 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 11.73 and a 52 week low of Rs. 5.18.

The current market cap of the company is Rs. 74.00 crore.

The promoters holding in the company stood at 64.88% while Institutions and Non-Institutions held 0.31% and 34.81% respectively.

Best & Crompton Engineering has received an approval for disinvestment of 34.27% of the equity shareholding of the company in Best & Crompton Green Tech. The board at its meeting held on January 21, 2013 has approved for the same. Pursuant to this, Best & Crompton Green Tech will cease to be an associate of the company.

Best & Crompton Engineering has operations in Electrical Contracting and manufacturing of pumps, Casting and other allied electrical items. It also manufactures process carbons, ferrous, non-ferrous and special alloy steel castings, valve actuators, generators, battery charging gadgets and electrical power transmission accessories.

Peers
Company Name CMP
Havells India 1305.85
Siemens 3706.55
Apar Inds 11474.15
ABB India 7029.95
Waaree Energies 3471.45
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