BALMER LAWRIE Share Price Up by 10%; BSE 500 Index Down 0.1%

Thu, 4 Mar 01:44 PM

BALMER LAWRIE share price has zoomed 10% and is presently trading at Rs 142.

Meanwhile, the BSE 500 Index is at 20,314 (down 0.1%).

Among the top Gainers in the BSE 500 Index today is BALMER LAWRIE (up 10.3%).

VINATI ORGANICS and GUJARAT GAS are among the top losers today.

Over the last one year, BALMER LAWRIE has moved up from Rs 102 to Rs 142, registering a gain of Rs 40 (up 38.6%).

On the other hand, the BSE 500 has moved up from 14,550 to 20,314, registering a gain of 5,764 points (up 39.5%) during the last 12 months.

The top buzzing stocks among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 659.7%), ADANI GAS (up 409.7%) and DIXON TECHNOLOGIES (up 397.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 51,257 (down 0.5%).

The top gainers among the BSE Sensex stocks today are ULTRATECH CEMENT (up 2.3%), TECH MAHINDRA (up 1.1%) and TCS (up 0.5%). Other gainers include ASIAN PAINTS (up 0.5%) and HCL TECHNOLOGIES (up 0.5%). The most traded stocks in the BSE Sensex are INFOSYS and ITC.

In the meantime, NSE Nifty is at 15,202 (down 0.5%). The top gainers in the NSE Nifty include ADANI PORTS & SEZ (up 3.1%), ULTRATECH CEMENT (up 2.0%) and GRASIM (up 1.9%). Other gainers include WIPRO (up 1.6%) and SBI LIFE INSURANCE (up 1.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 38,144 to 51,257, registering a gain of 13,113 points (up 34.22%).

BALMER LAWRIE Financial Update...

BALMER LAWRIE net profit stood at Rs 749 million for the quarter ended March 2020, compared to a profit of Rs 358 million a year ago. Net Sales declined 7.7% to Rs 3.4 billion during the period as against Rs 3.7 billion in January-March 2019.

For the year ended March 2019, BALMER LAWRIE reported 2.3% decrease in net profit to Rs 1.6 billion compared to net profit of Rs 1.6 billion during FY18.

Revenue of the company grew 1.0% to Rs 18 billion during FY19.

The current Price to earnings ratio of BALMER LAWRIE, based on rolling 12 month earnings, stands at 9.1x.

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