Bhansali Engg gallops 30.9% in 8 straight sessions

Bhansali Engineering Polymers advanced 3.54% to Rs 181.40 at 9:23 IST on BSE, with the stock extending seven-day rally.

Meanwhile, the S&P BSE Sensex was up 55.83 points or 0.17% at 33,674.42.

On the BSE, 45,000 shares were traded on the counter so far as against the average daily volumes of 6.32 lakh shares in the past one quarter. The stock had hit a high of Rs 182.40 so far during the day, which is a record high. The stock hit a low of Rs 176.30 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 30.97% in eight 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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