Powered by: Motilal Oswal
23-08-2024 10:15 AM | Source: Accord Fintech
BN Holdings shines as its arm incorporates wholly owned subsidiary

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

BN Holdings is currently trading at Rs. 150.00, up by 5.20 points or 3.59% from its previous closing of Rs. 144.80 on the BSE.

The scrip opened at Rs. 142.05 and has touched a high and low of Rs. 150.00 and Rs. 142.05 respectively. So far 170 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 233.10 on 22-Feb-2024 and a 52 week low of Rs. 56.32 on 28-Aug-2023.

Last one week high and low of the scrip stood at Rs. 159.00 and Rs. 117.10 respectively. The current market cap of the company is Rs. 143.33 crore.

The promoters holding in the company stood at 58.60%, while Non-Institutions held 41.40% stake in the company.

BN Holdings’ wholly-owned subsidiary -- BN Holdings Europe has incorporated its wholly-owned subsidiary (WOS) at Liberia on August 19, 2024. The subsidiary is a corporation with shares and named as BNPB Industries Liberia Corporation (BNPB Industries). The company’s arm has incorporated its wholly-owned subsidiary for expansion of business of edible oil, palm oil, seed and related business in the overseas market.

BN Holdings is primarily engaged in manufacturing and trading various kinds of oil, oil seeds, solvent extraction, extracted oil cakes, and refined oil.