Bhatia Mobile to Migrate to main board of BSE

Bhatia Communications and Retail (India) Limited concluded its 12th annual general meeting today. Mr. Sanjeev Bhatia, CMD of the company addressed the Shareholders and informed that the company has been migrated to main board of Bombay Stock Exchange. The company was listed on SME Exchange on 21.02.2018 with help and support of all shareholders. In SME exchange, the minimum trading size of a Lot was 2000 shares, due to which small shareholders were unable to invest in our company. Also existing shareholders were not able to sell part of their investment. With migration to Main Board, this restriction has been done away with. Now the investor of the company will be able to buy or sell even a single share of the company. Investments by small shareholders will strengthen the Bhatia family by inclusion of common man in its family.

Also the shareholders of the company have approved the payment of dividend @40% per share. The company hope that the dividend will bring smile on the faces of its investor during this tough time of Covid also.

The company has given consistent performance year on year, which is reflected in its financials. The company has also increased its footsteps in last few months across Gujarat. Now the company has expanded its retail network to all over Gujarat, including Halol, Dahod, Kalol, Godhra, Vadodra, Mehsana, Visnagar, Palanpur, Bhavnagar and Ahmedabad.

Shares of Bhatia Communications & Retail (India) Ltd was last trading in BSE at Rs.75.65 as compared to the previous close of Rs. 74.95. The total number of shares traded during the day was 6707 in over 25 trades.

The stock hit an intraday high of Rs. 77 and intraday low of 74. The net turnover during the day was Rs. 506518.

Source : Equity Bulls

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