Bhansali Engineering stock has given a return of 24.45 percent over the last six months. Thus, outperforming the Nifty50 benchmark index which has given a return of 0.71 percent over the same duration.
Trading in the National Stock Exchange‘s cash market resumed after it was briefly frozen following a 162-point plunge. The 50-share Nifty fell to an intra-day low of 5625 around 10 am, with stocks like Bharti Airtel, Cipla, SBI, Hindustan Unilever and Axis Bank tumbling between 8-11%.
Indian shares fell 1% on Friday - last session of the August month - due to slowdown in the growth momentum, political & policy paralysis and unlikely of QE3 hint by Ben Bernanke in the Jackson Hole meet today evening. Unwinding of long positions as the market head into September month too added fuel to the fire in the second half of trade.
The benchmark Sensex was quite in the opening trade today, tracking consolidation in global markets amid negative cues from Europe and negative US factory data.