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Shares of Birla Corporation were trading higher for the eight straight days, up 7 per cent at Rs 1,289.65 on the BSE in Wednesday s intra-day trade after reporting a strong set of numbers for the quarter ended March 2021 (Q4FY21). It was trading close to its all-time high level of Rs 1,290, touched on January 8, 2018.
The stock of the cement & cement products company hit a fresh 52-week high today, and has zoomed 31 per cent in the past two weeks. In comparison, the S&P BSE Sensex was up 4 per cent during the same period.
Birla Corporation reported a fourth quarter net profit of Rs 249.33 crore, up 28 per cent year on year (YoY) from Rs 194.73 crore in the same period last year, on the back strong realisation. The sales volume jumped 24.5 per cent YoY to 4.17 million tons (mt). Revenue grew 24.9 per cent YoY at Rs 2,146 crore. ....

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