Birla Corporation trade jubilantly on the bourses

   

     Birla Corporation has introduced a new cement brand 'Birla Smart Ultimate'. It is fly ash-blended double refined product. Recently, the company had registered over 2 fold jump in its net profit at Rs 99.52 crore for the quarter ended June 30, 2014 as compared to Rs 45.99  crore for the same quarter in the previous year.
     Birla Corporation operates four division cement, jute, vinoleum and auto trim. It has eight manufacturing facilities located in Pune, Rajasthan, West Bengal, Gurgoan, Uttar Pradesh and Madhya Pradesh.
     The promoters holding in the company stood at 62.90% while Institutions and Non-Institutions held 21.18% and 15.93% respectively.
     The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 533.70 on 13-Aug-2014 and a 52 week low of Rs 191.00 on 28-Aug-2013.
     Birla Corporation is currently trading at Rs 520.00, up by 39.15 points or 8.14% from its previous closing of Rs 480.85 on the BSE.