We initiate our BUY recommendation on Bombay Burmah Trading Corp. Ltd (BBTC)
- The Bombay Burmah Trading Corporation, Limited (BBTC), a 150 year old company, founded its fortunes on teak business in the year 1863. BBTC is part of the Wadia Group, which has interests in plantations, foods, textiles, chemicals, electronics and light engineering, health care and real estate. BBTC is the second oldest publicly quoted company in the country. On standalone basis, BBTC has diversified its interests into tea, coffee, other plantation products, auto electric and weighing products, horticulture and landscaping services, healthcare products (viz. dental), and orthopedic and opthalmic products.
- BBTC owns 2,822 hectares of tea estates in south India producing about 8 million kgs of tea annually and 8 coffee estates situated in the district of 'Kodagu' (Coorg) in Karnataka. BBTC also holds 50.50% stake in Britannia Ltd.
Shares of BOMBAY BURMAH TRADING CORP.LTD. was last trading in BSE at Rs.881.4 as compared to the previous close of Rs. 877.7. The total number of shares traded during the day was 27528 in over 1548 trades.
The stock hit an intraday high of Rs. 912.4 and intraday low of 874. The net turnover during the day was Rs. 24638423.