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25-May2018

BPL rises on getting nod to avail services from BPL Telecom

BPL is currently trading at Rs. 64.60, up by 0.65 points or 1.02% from its previous closing of Rs. 63.95 on the BSE.

The scrip opened at Rs. 64.50 and has touched a high and low of Rs. 64.80 and Rs. 63.20 respectively. So far 6753 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 121.75 on 20-Dec-2017 and a 52 week low of Rs. 53.00 on 11-Aug-2017.

Last one week high and low of the scrip stood at Rs. 72.05 and Rs. 62.55 respectively. The current market cap of the company is Rs. 313.35 crore.

The promoters holding in the company stood at 63.24%, while Institutions and Non-Institutions held 0.94% and 35.82% respectively.

BPL has received an approval for availing services from BPL Telecom for installation and servicing of consumer durables sold by the company at an arm's length basis. The Board of Directors of the company at its meeting held on May 23, 2018, approved the same.

The Board also gave approval for procurement of televisions and LEDs assembled by BPL Telecom at an arm's length basis.

BPL is an established leader in the field of electronics and technology; a beloved consumer brand known for quality and design excellence.


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