Bhageria Industries has received a letter from Maharashtra Energy Development Energy confirming the commissioning of entire 30 MW capacity solar PV power plant of the company at Ahmednagar with effect from June 17, 2017. Meanwhile, the stock traded in positive territory gaining 0.86% at Rs 322.35 per share on BSE. The stock on NSE, attracted a traded volume of 16,629 shares and a traded value of Rs 54.02 lakh. On a yearly basis, the stock has given 41.83% return.
The company’s profit grew by 76% over 5 years and has a return on equity of 45.66%. Bhageria Industries Limited, formerly Bhageria Dye-Chem Limited, is engaged in the manufacturing and sale of chemicals, dyes and dyes intermediates required for dye manufacturers and merchant export of related items. The company is also engaged in generation of solar power.
Stock view:
Bhageria Industries Ltd is currently trading at Rs 324.9, up by Rs 5.3 or 1.66% from its previous closing of Rs 319.6 on the BSE. The scrip opened at Rs 326 and has touched a high and low of Rs 329 and Rs 321.5 respectively. So far 19768(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 508.98 crore. The BSE group ‘B’ stock of face value Rs 5 has touched a 52 week high of Rs 452.8 on 01-Nov-2016 and a 52 week low of Rs 104.05 on 26-Jul-2016. Last one week high and low of the scrip stood at Rs 323 and Rs 312.15 respectively. The promoters holding in the company stood at 50.17 % while Institutions and Non-Institutions held 0.1 % and 49.72 % respectively. The stock is currently trading above its 200 DMA.
Source:Reuters
