Balmer Lawrie surges over 8%

Balmer Lawrie & Company is a big winner on the BSE currently. The stock is up over 8% at Rs.626.40, with an intra day high at Rs.639.90.

The stock is up after the company announced that its Board will meet on 26^th March to consider issue of bonus shares.

This company was founded by two Scotsmen, George Stephen Balmer and Alexander Lawrie, in Kolkata, Balmer Lawrie & Co. Ltd. started its corporate journey as a Partnership Firm on 1st February 1867. Today, Balmer Lawrie is a Mini-Ratna I Public Sector Enterprise, under the Ministry of Petroleum & Natural Gas.