/ Bombay Burmah Soars 6% Post Block Deals ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 14 June 2017

Bombay Burmah Trading Corporation surged nearly 6% in Wednesday’s morning session after almost 12 lakh shares traded in a block deal on the BSE.

Block deal is a trade, with a minimum quantity of 5 lakh shares or minimum value of Rs. 5 crore, executed through a single transaction, on the special ‘Block Deal window’.

Earlier in the previous week, the company in its regulatory filing said that commercial paper issued on March 10 for Rs 50 crore with a maturity date of June 8 has been redeemed.

The stock on the BSE has delivered 135% returns in a period of one year and has outperformed the BSE Mid-cap and BSE FMCG indices over the same time period.

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