Balmer Lawrie Investment Ltd has added 27% over last one month compared to 0.16% gain in S&P BSE Finance index and 0.31% rise in the SENSEX
Balmer Lawrie Investment Ltd rose 8.1% today to trade at Rs 512. The S&P BSE Finance index is up 1.41% to quote at 7762.57. The index is up 0.16 % over last one month. Among the other constituents of the index, Central Bank of India increased 4.85% and Indian Overseas Bank added 3.98% on the day. The S&P BSE Finance index went up 32.01 % over last one year compared to the 42.8% surge in benchmark SENSEX.
Balmer Lawrie Investment Ltd has added 27% over last one month compared to 0.16% gain in S&P BSE Finance index and 0.31% rise in the SENSEX. On the BSE, 13350 shares were traded in the counter so far compared with average daily volumes of 19542 shares in the past one month. The stock hit a record high of Rs 525 on 09 Mar 2021. The stock hit a 52-week low of Rs 270 on 24 Mar 2020.
The business confidence of India Inc has soared to 10-year high, according to FICCI Business Confidence Survey.
Domestic firms are optimistic about greater pricing power that would drive their profits over the next two quarters with better hiring prospects, though fears of a fresh wave of Covid inflections, lack of affordable credit and rising costs are some of the key concerns, media reports noted.
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Ion Exchange (India) fell 1.44% to Rs 1,383 after Rakesh Jhunjhunwala and his firm Rare Investments on Tuesday sold an aggregate 5.38 lakh shares, or 3.6% stake, in the company via bulk deals on the BSE.According to bulk deal data on BSE, market veteran Rakesh Jhunjhunwala sold 1.50 lakh equity shares (1.03% equity) of the company at Rs 1,205.19 per share yesterday, 2 March 2021.
Rare Enterprise, owned by Rakesh Jhunjhunwala and his wife, Rekha Jhunjhunwala, sold 3.87 lakh equity shares (2.64% equity) of Ion Exchange (India) at Rs 1,205.42 per share.
Meanwhile, Plutus Wealth Management bought 4.75 lakh equity shares (3.24% equity) of Ion Exchange (India) at Rs 1,220.75 per share.
As on 31 December 2020, Rakesh Jhunjhunwala held 5.28% in the Ion Exchange (India).