Business Today
Loading...

Bharat Rasayan stock rises 12 % as board to consider share buyback proposal on January 12

Bharat Rasayan stock touched an intraday high of Rs 10,543.65, rising 11.75% against the last close 

twitter-logoBusinessToday.In | January 8, 2021 | Updated 14:54 IST
Bharat Rasayan stock rises 12 % as board to consider share buyback proposal on January 12
Bharat Rasayan stock opened with a gain of 6.65% at Rs 10,062 against previous close of Rs 9,434 on BSE.

Bharat Rasayan share rose 12% in early trade today after the company said that its board will consider share buyback on Tuesday, January 12, 2021. The stock opened with a gain of 6.65% at Rs 10,062 against previous close of Rs 9,434 on BSE.

The small cap stock touched an intraday high of Rs 10,543.65, rising 11.75% against the last close. The share has gained 69.78% in one year and risen 3.82% since the beginning of this year.

Market cap of the firm rose to Rs 4,288 crore. Bharat Rasayan share is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.

"This  is  to  inform  you  that  pursuant  to  Regulation  29(1)(a)  of  SEBI  (Listing  Obligations  and Disclosure  Requirements)  Regulations,  2015,  a  Meeting  of  the  Board  of  Directors  of  the Company  will  be  held  on  Tuesday, the  12th  day  of  January,  2021  at  2:30  P.M. Inter-alia, amongst other matters, to consider the proposal of buyback of equity shares of 10/- each fully paid, of the Company," the firm said.

Bharat Rasayan's consolidated net profit fell 35.4% to Rs 35.27 crore in Q2 against net profit of Rs 54 crore in corresponding quarter of previous fiscal. Net sales fell 12.9% to Rs 318.46 crore in Q2 September 2020 over  Rs 365 crore in Q2 of 2019.

Bharat Rasayan serves a wide range of industries including but not limited to pharmaceuticals, bulk drugs, R&D, petrochemicals, flavors & fragrances and specialty chemicals.

NALCO share hits 52-week high on plan to invest Rs 30K crore for expansion

This credit card company's stock delivered over 100% returns in 7 months


  • Print
  • COMMENT
BT-Story-Page-B.gif
A    A   A
close