MBL is engaged in the implementation of civil engineering projects. The Company offers integrated engineering, procurement and construction (EPC) services for civil construction and infrastructure sector projects. The Company has a large convoy of sophisticated equipment, including hot mix plants, sensor pavers, tandem rollers, soil compactors, stone crushers, loaders, excavators, tippers, motor graders, concrete batching plants, transit mixers, concrete pumps, dozers, cranes, etc.
Today MBL Infra share price dropped by 5 percent intraday at NSE to trade at the today’s low of Rs. 77.90.
MBL Infrastructures Ltd is in the Construction sector, having a market cap of Rs. 339.72 crores as on 14th December 2016. It has reported the consolidated sales of Rs. 719.67 crores and a net profit of Rs. 32.84 crores for the quarter ended June 2016. The September quarter results are still awaited. The company’s board of directors was scheduled to meet today for the approval of financial results of the September quarter.
Today MBL Infra share price opened at Rs. 82.80, up by its previous close of Rs. 81.95. Rs. 82.85 has been its intraday high so far. At 1:47 PM, the total quantity traded of the stock was seen at approximately four lakh as against its twenty day average of three lakh shares.
The highest quantity traded of the stock of over six lakh shares has been at the low of Rs. 73.10 while, the highest deliverable quantity of 3.40 lakh shares at the low of Rs. 71.80.
As per the shareholding data of September 30th, Indian promoters hold 37.45 per cent stake while institutions and Non-Institutions own 18.42 per cent and 44.13 per cent respectively. At the current price, the stock is trading below its 50 DMA with the beta of 1.60.
MBL Infra is the top 500 recommendation by Dynamic Levels for the quarter. For the details on the stock, visit MBL Infra share price history page of Dynamic Levels website.
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