BPL Share Price Makes New 52 Week High In Consecutive Sessions

A latest study showed that BPL share price has surged over 100 per cent since the announcement of its Q1 FY17 results.

Earlier on 22^nd September, the share surged almost 20 per cent extending its 42 per cent surge in the past six trading sessions, as a result of heavy volume. In today’s trading session, BPL share price surged by almost 15 per cent to make a new high of Rs 91.10. At 15:07 PM, a total of 81,66,331 shares of the Company have been traded on the counter of NSE against the 20 days average trading volume of 18,59,631. The total traded value for the day so far is Rs 6,917.70 lacs.

The stock of consumer Electronics Company is trading at its 52-week high level on the NSE. Post April-June (Q1 FY17) quarter results the stock appreciated 116 per cent from Rs 37 on 10^th August, 2016.

BPL had reported a standalone net profit of Rs 54.17 crores for Q1F17 on back of higher other income of Rs 55 crores. It posted profit of Rs 13.46 crores in Q1 FY16.

Recent Happenings

• 26 Sep 2016- Breached Upper Circuit Rs. 91.30
• 26 Sep 2016- Traded on a new 52 Week High price 91.30
• 26 Sep 2016- Spurt in Volume by more than 2.77 times
• 22 Sep 2016- Traded on a new 52 Week High price 80.00
• 22 Sep 2016- Spurt in Volume by more than 2.34 times
• 21 Sep 2016- Traded on a new 52 Week High price 74.15
• 21 Sep 2016- Spurt in Volume by more than 2.33 times

The stock is trading at a book value of 16.64 and as of today Market Cap of Rs 371.29 crores. The Standalone Trailing PE Ratio is 11.53 and 0 Promoter holding has been pledged.

Get the important support and resistance levels of the share at BPL share price forecast.