Balmer Lawrie & Company jumped 7.45% to Rs 622 at 9:19 IST on BSE after the company said its board will meet on 26 March 2013, to consider bonus issue of equity shares.
The announcement was made after market hours on Wednesday, 20 March 2013.
Meanwhile, the BSE Sensex was up 63.36 points, or 0.34%, to 18,947.55.
On BSE, 3,029 shares were traded in the counter as against an average daily volume of 2,284 shares in the past one quarter.
The stock hit a high of Rs 634 and a low of Rs 600 so far during the day. The stock had hit a 52-week high of Rs 710 on 22 February 2013. The stock had hit a 52-week low of Rs 511.55 on 29 March 2012.
The stock had underperformed the market over the past one month till 20 March 2013, sliding 9.65% compared with the Sensex's 3.86% fall. The scrip had also underperformed the market in past one quarter, falling 10.96% as against Sensex's 2.93% fall.
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The small-cap company has an equity capital of Rs 16.29 crore. Face value per share is Rs 10.
Net profit of Balmer Lawrie & Company rose 14.20% to Rs 32.41 crore on 15.42% rise in net sales to Rs 642.56 crore in Q3 December 2012 over Q3 December 2011.
Balmer Lawrie has eight strategic business units - industrial packaging, greases & lubricants, performance chemicals, tours & travel, logistics infrastructure, logistics services, tea and refinery & oilfield services, with offices spread across the country and abroad. Over the years, the company has also grown inorganically through various joint ventures.
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