Birla Corporation shares put upper circuit on Monday
After the declaration of a ceasefire between India and Pakistan, the Indian stock market saw a strong rise today. On Monday, the BSE Sensex closed at 82,429.90 points with a rapid rise of 2975.43 points (3.74%), while NSE’s Nifty 50 index closed at 24,924.70 points with a gain of 916.70 points (3.82%). Today, the list of most companies in the stock market closed in green mark. Where some stocks saw a slight lead today, many stocks also saw a stormy lead today. Cement -making company Birla Corporation shares today closed up 20%.
Birla Corporation shares put upper circuit on Monday
On Monday, Birla Corporation shares closed up to Rs 1270.25 with an upper circuit on BSE to Rs 1270.25. The company’s shares closed at Rs 1058.55 at a price of Rs 1058.55 last week last week. After which, today the company’s shares started trading at a price of Rs 1270.00 with a tremendous increase and in a short time it reached the price of Rs 1270.25, it got an upper circuit. However, the company’s shares are still far below their 52 weeks high. The shares of Birla Corporation Limited are 52 weeks high 1656.10 rupees, while its 52 week is Rs 901.85.
32.7 percent increase in the company’s net profit
Let us tell you that the company released its financial results on Friday last week. The company had stated in the exchange filing that its net profit in the fourth quarter of FY 2024-25 had a strong increase of 32.7 percent to Rs 256.6 crore. This increase in profits is due to the company’s more sales and receipts than the company’s cement business. The company had a net profit of Rs 193.34 crore in the same quarter of FY 2023-24. The company had said that after tremendous results, the board has recommended a dividend of Rs 10 on each stock for shareholders.
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