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Bombay Burmah drops after steep rally

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Capital Market

Bombay Burmah Trading Corporation lost 1.93% to Rs 433 at 11:10 IST on BSE, with the stock declining on profit booking after recent rally.

Meanwhile, the BSE Sensex was down 164.45 points, or 0.58% to 28,335.09

On BSE, so far 4.09 lakh shares were traded in the counter as against an average daily volume of 1.33 lakh shares in the past one quarter.

The stock was intensely volatile. The stock hit a record high of Rs 481 in intraday trade today, 25 November 2014. The stock hit a low of Rs 422 so far during the day. The stock had hit a 52-week low of Rs 91 on 4 March 2014.

 

The stock had outperformed the market over the past one month till 24 November 2014, advancing 78.85% compared with Sensex's 6.14% rise. The scrip had also outperformed the market in past one quarter, surging 128.99% as against Sensex's 7.87% rise.

The mid-cap company has equity capital of Rs 13.956 crore. Face value per share is Rs 2.

Shares of Bombay Burmah Trading Corporation were on a roll recently, surging 47.9% in seven trading days to Rs 441.50 on 24 November 2014 from recent low of Rs 298.50 on 13 November 2014.

Bombay Burmah Trading Corporation reported net loss of Rs 0.82 crore in Q2 September 2014 as compared to net profit of Rs 1.53 crore in Q2 September 2014. Net sales fell 2% to Rs 59.85 crore in Q2 September 2014 over Q2 September 2013.

Bombay Burmah Trading Corporation is a leading concern of the Wadia Group, a reputed Indian business house with interests in plantations, foods, textiles, chemicals, laminates, electronics and light engineering, health care and real estate.

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First Published: Nov 25 2014 | 11:21 AM IST

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