Hot Pursuit     13-Oct-17
LG Balakrishnan rallies 26.1% in 9 sessions
LG Balakrishnan & Bros surged 6.58% to Rs 866.25 at 12:50 IST on BSE, with the stock hitting record high on the back of solid rally.

Meanwhile, the S&P BSE Sensex was up 219.16 points or 0.68% at 32,401.38. The S&P BSE Small-Cap index advanced 83.71 points or 0.5% at 16,987.36.

On the BSE, 15,000 shares were traded on the counter so far as against the average daily volumes of 4,254 shares in the past one quarter. The stock had hit a high of Rs 874 so far during the day, which is a record high. The stock hit a low of Rs 820 so far during the day. The stock had hit a 52-week low of Rs 512.05 on 26 December 2016.

The stock had outperformed the market over the past one month till 12 October 2017, advancing 12.46% compared with the Sensex's 0.07% rise. The stock had also outperformed the market over the past one quarter, gaining 4.05% as against the Sensex's 1.19% rise. The scrip had also outperformed the market over the past one year, advancing 32.26% as against the Sensex's 14.6% rise.

The small-cap company has equity capital of Rs 15.70 crore. Face value per share is Rs 10.

Shares of LG Balakrishnan & Bros have rallied 26.18% in nine trading sessions to its ruling market price, from its close of Rs 686.50 on 29 September 2017.

LG Balakrishnan & Bros' net profit rose 21.8% to Rs 11.13 crore on 7.6% growth in net sales to Rs 279.04 crore in Q1 June 2017 over Q1 June 2016.

LG Balakrishnan & Bros is India's leading roller chain manufacturer. The company is premier manufacturer of automotive chains under the brand name 'ROLON'.

Previous News
  L G Balakrishnan & Bros consolidated net profit rises 12.52% in the September 2023 quarter
 ( Results - Announcements 31-Oct-23   07:29 )
  L G Balakrishnan & Bros
 ( Results - Analysis 31-Oct-22   20:44 )
  L G Balakrishnan & Bros consolidated net profit rises 0.54% in the December 2023 quarter
 ( Results - Announcements 30-Jan-24   07:32 )
  L G Balakrishnan & Bros consolidated net profit declines 13.87% in the September 2022 quarter
 ( Results - Announcements 01-Nov-22   09:25 )
  Board of L G Balakrishnan & Bros approves acquisition of LGB Forge's Pondicherry plant
 ( Corporate News - 02-Dec-23   14:23 )
  LG Balakrishnan & Bros to conduct AGM
 ( Corporate News - 30-Apr-24   17:20 )
  L G Balakrishnan & Bros consolidated net profit rises 9.55% in the March 2022 quarter
 ( Results - Announcements 02-May-22   08:30 )
  LG Balakrishnan & Bros announces board meeting date
 ( Corporate News - 29-Jun-23   12:39 )
  L G Balakrishnan & Bros
 ( Results - Analysis 30-Jul-22   19:04 )
  L G Balakrishnan & Bros
 ( Results - Analysis 30-Apr-22   20:18 )
  L G Balakrishnan & Bros fixes record date fir interim dividend
 ( Market Beat - Reports 25-Feb-20   12:58 )
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