Mcnally Bharat Engineering Company is currently trading at Rs. 94.90, up by 15.80 points or 19.97 % from its previous closing of Rs. 79.10 on the BSE.
The scrip opened at Rs. 92.90 and has touched a high and low of Rs. 94.90 and Rs. 90.35 respectively. So far 299195 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 114.00 on 02-Feb-2015 and a 52 week low of Rs. 64.55 on 16-Jun-2015.
Last one week high and low of the scrip stood at Rs. 94.90and Rs. 72.00 respectively. The current market cap of the company is Rs. 385.24 crore.
The promoters holding in the company stood at 29.73% while Institutions and Non-Institutions held 8.85% and 61.42% respectively.
McNally Bharat Engineering has entered into an agreement with EMC and Williamson Magor Group (Existing Promoters) to enable an additional equity investment of around Rs 100 crore as primary equity capital into McNally. The Board of the company has approved the proposed investment by EMC in the company. Earlier, MKN Investments, a group company of EMC, had made an equity investment of Rs 50 crore in March 2015 in the company and it holds 12.5% stake in the company.
The capital raising would be done through a preferential allotment of new shares of 10 million shares to EMC at a price of Rs 100 per share. After this preferential issue, EMC group (along with MKN Investments) will hold 29.64% of McNally's expanded equity share capital. In addition, as per SEBI guidelines, there will also be an open offer by ENIC and Williamson Magor Group for up to 26% of equity share capital of the company.
Under an investment agreement entered into by the Existing Promoters, EMC and the Company, McNally would be jointly controlled by the Existing Promoters and EMC, with both parties having equal hoard representation in McNally and its subsidiaries.
McNally Bharat Engineering Company is one of the leading engineering companies. It provides turnkey solutions in areas of power, steel, alumina, material handling, mineral beneficiation, coal washing, ash handling and disposal, port cranes, civic and industrial water supply etc.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 3501.15 |
| Rail Vikas Nigam | 371.90 |
| NCC | 242.65 |
| KEC International | 952.65 |
| Kalpataru Projects | 1176.80 |
| View more.. | |
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.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
