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The announcement was made on Saturday, 22 October 2016.
Meanwhile, the BSE Sensex was up 84.04 points or 0.3% to 28,161.22
On BSE, so far 1.09 lakh shares were traded in the counter as against an average daily volume of shares in the past one quarter. The stock hit a high of Rs 700, which is also its 52-week high. The stock hit a low of Rs 625 so far during the day. The stock had hit a 52 week low of Rs 396.50 on 12 February 2016. The stock had outperformed the market over the past 30 days till 21 October 2016, rising 2.43% compared with 2.42% decline in the Sensex. The scrip also outperformed the market in past one quarter, gaining 17.1% as against Sensex's 0.99% rise.
The small-cap auto ancillary company has equity capital of Rs 15.70 crore. Face value per share is Rs 10.
LG Balakrishnan & Bros is India's leading Roller chain manufacturer. The company is premier manufacturer of automotive chains under the brand name 'ROLON'.
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