Bombay Burmah is currently trading at Rs. 461.60, up by 29.45 points or 6.81% from its previous closing of Rs. 432.15 on the BSE.
The scrip opened at Rs. 453.95 and has touched a high and low of Rs. 490.90 and Rs. 437.00 respectively. So far 32302 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 685.80 on 12-Aug-2010 and a 52 week low of Rs. 352.05 on 10-Feb-2011.
Last one week high and low of the scrip stood at Rs. 490.90 and Rs. 426.00 respectively. The current market cap of the company is Rs. 603.04 crore.
The promoters holding in the company stood at 65.91% while Institutions and Non-Institutions held 1.43% and 32.66% respectively.
Bombay Burmah Trading Corporation’s board has agreed to sell its Sunmica division engaged in the business of manufacturing and marketing Decoratives and Industrial Laminates and located at Rudrapur to AICA Laminates India, a subsidiary of AICA Kogyo, Japan as a going concern on slump sale basis for a lumpsum consideration of Rs 100.30 crore and a Business Transfer Agreement to this effect has been signed between the parties on August 10, 2011.
The decision to sell Sunmica Division is in line with restructuring plan to focus on core business and divest low return businesses.
AICA Kogyo, Japan, is one of the leading listed Japanese companies engaged in Laminate business besides adhesives and other building products.
Bombay Burman Corporation is in the business of teak and has diversified its interests in Tea, Coffee, Dental Products and Formica Laminates. The company is also engaged in other businesses like laminate products, dental products, springs, ophthalmic products, weighing products, orthopaedic products and auto electrical components.
| Company Name | CMP |
|---|---|
| Venkys India | 1723.95 |
| Mangalam Global Ent | 21.89 |
| Kaveri Seed | 844.40 |
| Harrisons Malayalam | 253.25 |
| Simran Farms | 210.25 |
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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.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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