Balmer Lawrie & Co jumps on bonus issue plan

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.

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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