Binani Inds in the limelight

Binani Industries is very much in the direct strobe of the limelight today. The stock is up over 3% at Rs.106.45, with an intra day high at Rs.107.45. Its 52-week is at Rs.115.25. hit on 12th June’14.

The stock is back in the limelight today as the market is back to anticipating numbers for Q4FY14/FY14. The company’s Board of Directors are meeting today to consider and approve the audited annual accounts for the financial year ended March 31, 2014.  

There us hope that today at least the numbers do come out. Prior to this, the company has postponed the announcement of results, earlier the company was scheduled to announce the numbers on 22nd May and this was rescheduled to 30th May and then this was further postponed to 24th June.  This rescheduling was for want of certain clarifications relevant to the accounts.

The company had ended the 9-month period, 31stDec 2013, with a net loss at Rs.95 crore, almost doubling from the loss of Rs.50 crore it had posted in the previous 9-month period of 2012.