Binny inches up on getting nod to sell windmill lands for Rs 36 crore
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Binny is currently trading at Rs. 234.45, up by 0.10 points or 0.04% from its previous closing of Rs. 234.35 on the BSE.
The scrip opened at Rs. 231.65 and has touched a high and low of Rs. 238.95 and Rs. 230.00 respectively. So far 1219 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 5 has touched a 52 week high of Rs. 428.70 on 30-Mar-2022 and a 52 week low of Rs. 115.00 on 23-Jun-2021.
Last one week high and low of the scrip stood at Rs. 256.95 and Rs. 225.10 respectively. The current market cap of the company is Rs. 518.37 crore.
The promoters holding in the company stood at 74.69%, while Institutions and Non-Institutions held 3.34% and 21.98% respectively.
Binny has received approval for the sale of 600 acres of company’s windmill lands located at Perungudi and Veppilangulam villages, Tirunelveli district for a total sale consideration of Rs 36 crore (Rs 6 lakh per acre). The board of directors at their meeting held on June 23, 2022 transacted and approved the same.
Binny is engaged in the business of marketing textiles goods, marketing engineering and other products, shipping related business, operating cold storage at Cochin, travel agency business approved by IATA and TAI, real estate and Container Freight Station.
