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Bhansali Engineering is currently trading at Rs. 17.40, up by 0.40 points or 2.35% from its previous closing of Rs. 17.00 on the BSE.
The scrip opened at Rs. 17.00 and has touched a high and low of Rs. 17.40 and Rs. 16.70 respectively. So far 3,862 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 25.00 on 20-Apr-2012 and a 52 week low of Rs. 12.50 on 15-Feb-2013.
Last one week high and low of the scrip stood at Rs. 17.50 and Rs. 13.55 respectively. The current market cap of the company is Rs. 288 crore.
The promoters holding in the company stood at 49.83% while Institutions and Non-Institutions held 0.03% and 50.14% respectively.
Bhansali Engineering Polymers has received an approval for the draft Joint Venture Agreement (JVA) proposed to be executed between the company and Nippon A&L Inc, Japan. Pursuant to the terms of aforesaid draft Joint Venture Agreement, a new private limited company will be incorporated between the Bhansali Engineering Polymers and Nippon A&L Inc to undertake comprehensive technology and application development work of numerous specialized grades of ABS, AES, ASA resins and their respective alloys with other polymers to cater to the growing requirement from automotive, telecommunication, electrical and electronics and other sectors.
The board of company at its meeting held on April 20, 2013 has approved for the same. The board has authorized the MD of the company to execute the proposed agreement and other documents as may be necessary in this respect.
Nippon A&L Inc, Japan is a Joint Venture Company between globally renowned Sumitomo Chemicals Company and Mitsui Chemicals, Inc. Nippon A&L Inc is a specialized Company focusing on polymerization of styrenics and enjoys high reputation in the field of manufacturing and marketing of ABS, AES, ASA resins and SBR/PBR Latices.
Bhansali Engineering Polymers (BEPL) is a leading name in the petrochemical sector in India. BEPL is a vertically integrated petrochemical company that is into manufacturing of ABS (Acrylonitrile Butadiene Styrene) -- a raw material used extensively across industries like automobiles, home appliances, telecommunications, luggage and other sectors.
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MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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