Bhansali Engg extends bull-run to hit record high

Bhansali Engineering Polymers advanced 2.18% to Rs 173.65 at 11:53 IST on BSE, with the stock extending six-day rally.

Meanwhile, the S&P BSE Sensex was down 51.03 points or 0.15% at 33,673.41.

On the BSE, 5.77 lakh shares were traded on the counter so far as against the average daily volumes of 6.25 lakh shares in the past one quarter. The stock had hit a high of Rs 178.40 so far during the day, which is a record high. The stock hit a low of Rs 170.95 so far during the day. The stock had hit a 52-week low of Rs 21.40 on 26 December 2016.

Shares of Bhansali Engineering Polymers have rallied 25.37% in seven trading sessions to its ruling market price, from its closing of Rs 138.50 on 17 November 2017.

Bhansali Engineering Polymers' net profit rose 185.9% to Rs 25.10 crore on 51.8% growth in net sales to Rs 247.94 crore in Q2 September 2017 over Q2 September 2016.

Bhansali Engineering Polymers is a vertically integrated petrochemical company that manufactures acrylonitrile butadiene styrene (ABS) which acts as a raw material for leading companies dealing in automobiles, home appliances, telecommunications, luggage, bus body and various other applications.

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