LG Balakrishnan hits new high

LG Balakrishnan & Bros has hit a new 52-week high today morning at Rs.325.80 though it immediately came off these high levels and is currently at Rs.322 levels.

The company, which makes automotive chains under the brand name of ‘Rolon’ is in the limelight following news that Reliance Mutual fund, in a bulk deal bought 4 lakh shares from the International Finance Corporation on the BSE, on Wednesday, 5^th Feb’13. The stock was purchased a major premium over the existing price, at Rs.281.01/share.